Start or Continue Your Journey as a
Mortgage Loan Originator

CHOOSE YOUR CLASS

PRE-LICENSING EDUCATION

CONTINUING EDUCATION

2020 Pre Licensing Course   January 24 & 25 @ High Tech Lending 803 Kamehameha Hwy #313, Pearl City

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) established requirements for the licensing and registration of all Mortgage Loan Originators (MLOs). MLOs who work for an insured depository or its owned or controlled subsidiary that is regulated by a federal banking agency, or for an institution regulated by the Farm Credit Administration, are registered. All other MLOs are to be licensed by the states.
The SAFE Act requires state-licensed MLOs to pass a written qualified test, to complete pre-licensure education courses, and to take annual continuing education courses. The SAFE Act also requires all MLOs to submit fingerprints to the Nationwide Mortgage Licensing System (NMLS) for submission to the FBI for a criminal background check; and state-licensed MLOs to provide authorization for NMLS to obtain an independent credit report. The Testing, Education, and Background Check links from this page explain how state-licensed MLOs can satisfy each of these professional requirements.
Please note that while the SAFE Act requires NMLS to fulfill certain responsibilities associated with providing educational services or ensuring background checks are completed, it is individual state law that determines when a state-licensed MLO is required to pass the SAFE Mortgage Test, complete pre-licensure or continuing education training, and when state-licensed MLOs are required to complete their background checks. State-licensed MLOs should refer to the State Licensing Requirements Page regarding schedules for completing each of the professional standards.

NMLS Education
Education Requirements

Pre License Education (PE)
For annual pre-licensure education, the SAFE Act requires state-licensed MLOs to complete:

Three hours of Federal law and regulations;
Three hours of ethics that shall include instruction on fraud, consumer protection, and fair lending issues;
Two hours of training related to lending standards for the nontraditional mortgage product market; and
Twelve hours of undefined instruction on mortgage origination.

Hawaii requires licensure within 12 months of taking the PE course

Continuing Education
(yearly)

For annual continuing education, the SAFE Act requires state-licensed MLOs to complete:

Three hours of Federal law and regulations;
Two hours of ethics that shall include instruction on fraud, consumer protection, and fair lending issues;
Two hours of training related to lending standards for the nontraditional mortgage product market; and
One hour of undefined instruction on mortgage origination.
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires that statelicensed mortgage loan originators (MLOs) complete 8 hours of NMLS approved continuing education
(CE) annually. The SAFE Act also stipulates that a state-licensed MLO “may not take the same approved course in the same or successive years to meet the annual requirements for continuing
education.” NMLS has interpreted the term “successive years” to mean two years in a row.
To ensure compliance with this provision of the SAFE Act, courses that contain the same course
content are considered the same course and cannot be taken two years in a row by an MLO.