Mortgage Loan Originator


If you are a professional in the mortgage business and need to have a 20-hr qualifying licensing course approved by the Department of Finance, please call us at (718) 621-7000 for more information and schedules.

The next S.A.F.E. 20-hr MLO course will start on October 19, 2017 at 9 a.m.
The price for the course is $350.00 (textbook is included)
Click Here to Register

20-Hour NY SAFE Act Mortgage Loan Originator Course

The Brooklyn School of Real Estate is NMLS approved provider (Provider ID: 1400474) for the 20-hr qualifying licensing course (course ID: 3388)

Our NMLS-approved classroom course provides all of the tools to help you successfully complete your required MLO pre-licensing 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 course uses the Mortgage Lending Principles and Practices textbook specifically written to meet the core criteria established by the SAFE Act. We pay your NMLS banking fees after you complete our course.

Course Objectives

This 20 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, including three hours on federal lending legislation,
three hours on the critical topic of fair lending and ethics, and two hours on nontraditional lending products.
In addition, the text presents elective topics selected to give students the information they need to successfully enter
the mortgage lending field. This course provides a primer on the primary and secondary mortgage markets,
as well as a review of the economic, legal, and valuation aspects of the real estate market.
This text also details types of loan products and finance instruments—including conventional,
government, and nontraditional financing tools—available today. Students will also learn the fundamentals of the
residential mortgage lending process—from pre-qualifying potential borrowers, to understanding appraisals, to closing a loan.

The Secure and Fair Enforcement Mortgage Licensing Act also requires all states to implement a mortgage loan originator
licensing process. The New York Legislature responded by passing New York Banking Law Article 12-E,
Licensed Mortgage Loan Originators. This course also examines that and other laws and regulations in the State of New York
related to consumer protection that affect the mortgage industry in general and mortgage loan originators specifically.
It introduces the Banking Department and describes the scope of its authority. It also discusses specific New York law
related to the licensing and activities of mortgage bankers, mortgage brokers, and mortgage loan originators. The three hours of
state-specific topics are covered in the New York-Specific Supplement.

General Licensing Requirements:

For more information on NY requirements go to http://www.dfs.ny.gov/banking/iambmloins.htm

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