Mortgage Loan Originator S.A.F.E. 11 Hour Comprehensive Course for New York and 12-HR for New Jersey
The next NY S.A.F.E. 11-hr 2 Day MLO CE course will start on September 14, 2017 at 9 a.m.
The price for the course is $150.00
Click Here to Register
11 Hour NY SAFE Comprehensive: The Informed MLO CE Course
The Brooklyn School of Real Estate is an NMLS approved provider (Provider ID: 1400474) for the 11-hr qualifying licensing course (course ID:# 7153 for NY and # 7137 for NJ)
Our NMLS-approved classroom course provides all of the tools to help you successfully complete your required MLO continuing education - and prepare you for your exam. Our courses are flexible and convenient, allowing you to mix and match day sessions and night classes. This 11 Hour NY SAFE Comprehensive Mortgage Loan Originator course is designed to meet the core criteria established by the SAFE Act for national mortgage loan originators.
We pay your NMLS banking fees after you complete our course.
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires that state-licensed mortgage loan originators (MLOs) complete annual continuing education. In order to meet continuing education requirements state-licensed MLOs must complete 8 hours of NMLS approved education which include the following:
For annual continuing education, the SAFE Act requires state-licensed MLOs to complete:
a. 3 hours of Federal law and regulations;
b. 2 hours of ethics that shall include instruction on fraud, consumer protection, and fair lending issues;
c. 2 hours of training related to lending standards for the nontraditional mortgage product market; and
d. 1 hour of undefined instruction on mortgage origination.
While the SAFE Act requires NMLS to approve pre-licensure and continuing education courses, it is individual state law that compels mortgage loan originators to take the pre-licensure and continuing education as a requirement for state licensure. Many state agencies require that pre-licensure education be complete prior to submitting an application through NMLS. NMLS provides information concerning education requirements and administers the process for completing it, but state-licensed MLO's should refer to their state agencies regarding the specific details associated with meeting the education requirements.
General Licensing Requirements:
For more information on NY requirements go to http://www.dfs.ny.gov/banking/iambmloins.htm
For more information on NMLS Approved Education go to http://mortgage.nationwidelicensingsystem.org/profreq/education/Pages/default.aspx
All mortgage loan originators must complete 20 hours of NMLS approved education and become licensed under New York laws.
To become a loan originator you must have completed at least 20 hours of education during the two years immediately proceeding the time of application. You must also pass the loan originator exam on Federal and State laws and rules not more than one year before the granting of the license.
To access the testing service and learn more about taking a SAFE test, by downloading the MLO Testing Handbook
The following test administration fees are in effect for the SAFE Act Mortgage Loan Originator Test:
* National Component
* NY State Component
NMLS Unique Identifier - Required for licensing.
Each loan originator needs to obtain a unique identifier through NMLS.
If you have not obtained your unique identifier number, you need to log on to State Regulatory Registry.
Access the necessary forms for licensing in the state of New York at the NMLS Resource Center