20 Hour National SAFE Comprehensive Pre-licensure Course

Did you know that approximately 50% of the NMLS National Exam is not covered by the 8 hours of "core" topics mandated by the NMLS? Therefore, the 20 hour NMLS-approved course you choose to prepare you to pass the National NMLS Exam does matter!

At Mortgage Educators, we have opted to allocate the 12 elective hours to address the 50% of the Exam NOT covered in the "core" 8 hours. This includes detailed content concerning both loan origination activities and general mortgage knowledge. We also use a portion of the 12 hours to expound upon the most difficult section of the National NMLS Exam: Federal Law.

In order to provide you with the greatest opportunity to pass the National NMLS Exam, we built the entire 20 hour course around the NMLS National Component Outline. All topic and subtopics addressed on the outline are covered in great detail in our 20 Hour SAFE Comprehensive Course. Also, all licensees who sign up for our 20 Hour National SAFE Comprehensive Pre-licensure Course will receive FREE access to our exclusive online NMLS Test Prep which includes over 500 practice question

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Below are some things you should know about the test and education breakdown.

NMLS National Exam

The National NMLS Exam tests you in four major categories: 

1. Federal Law (35%)
2. General Mortgage Knowledge (25%)
3. Loan Origination Activities (25%)
4. Ethics (15%)

Required Education

The SAFE Act mandates that 20 hours of Pre-license education be taken by all individuals seeking to receive their mortgage license. Although 20 hours are required, only 8 of the 20 hours have topics prescribed by the NMLS governing body. The 20 hours are broken down as follows:

• 8 Core Hours
  • 3 hours of Federal law and regulations;
  • 3 hours of ethics, this shall include instruction on fraud, consumer protection, and fair lending issues;
  • 2 hours of training related to lending standards for the nontraditional mortgage product marketplace; and
   
• 12 hours of undefined instruction on mortgage origination
  • There are NUMEROUS course topics that are capable of fulfilling this requirement (Approved Course Topics - *See Section 4*)