
If you're looking to become a mortgage loan officer, online courses and training can be a great way to get started. Many online courses are designed to be completed in a few months, with some taking as little as 6-12 weeks.
To become a mortgage loan officer, you'll need to complete a minimum of 20 hours of education in mortgage lending. This can be done through online courses or in-person classes. Some online courses may also offer certification, which can be beneficial when applying for jobs.
Online courses can be a convenient option for those with busy schedules, allowing you to complete coursework on your own time. Many online courses also offer flexible payment plans, making it easier to fit education into your budget.
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Mortgage Loan Officer Education
To get started with your mortgage loan officer education, you'll need to create an NMLS account to get an account ID. This is the first step towards licensure.
The next step is to take your 22 hours of Pre-Licensure education, which will prepare you for the SAFE MLO Test. This education will fulfill all Pre-Licensure requirements.
Pre-Licensing Courses
You can choose from various online pre-licensing courses that meet federal and state requirements. Some courses are self-paced, while others have a set schedule.
The Ohio Mortgage Loan Officer Pre-Licensure Education and Exam Prep course includes 24 hours of MLO education and exam prep, with 3 1/2 hours of coaching. Coaching is scheduled directly with a local Mortgage Loan Officer.
Online courses can be completed in a variety of formats, including self-paced and instructor-led. The Standard 20 Hour National Pre-Licensing Package, for example, is a 14-Day OIL course that can be completed online.
The amount of time it takes to complete a course varies by student. For a 20-hour course, you should expect to spend at least 20 hours reading and completing assignments.
Here are some common course formats:
- Self-paced: allows you to complete the course on your own schedule
- Instructor-led: requires you to attend live sessions or complete coursework with a teacher
- Webinar: combines live instruction with online coursework
- Online Instructor-Led: similar to instructor-led, but completed entirely online
The Premier Plus 20 Hour National Pre-Licensing Package is a comprehensive training program that includes a 20-hour SAFE comprehensive course and an eBook. It's designed to help you pass the NMLS exam the first time.
Course requirements and formats vary, so be sure to check the specific requirements for your state and the course you choose.
New ETextbook Resource!
As you progress through our mortgage loan officer school, you'll have access to a valuable resource that will enhance your learning experience - the Residential Mortgage Lending Principles and Practices, 7E, eTextbook.
This comprehensive eTextbook is packed with great information on the mortgage loan industry, and you'll have access to it for one year, including benefits like sharable notes, flashcards, and study guides.
The eTextbook goes into even greater detail on many of the topics covered in our course, making it a great reference tool after you've begun your career as a mortgage lender.
You'll also have access to handbooks and reference materials that have everything you need to study for your exam, providing you with a complete learning package.
State-Specific Courses
In Florida, you'll need to complete a 20-hour mortgage pre-license course to get your license. This course can be taken in a classroom, livestream, or online format.
To complete the course, you should plan to spend at least 20 hours reading and completing assignments, and it's recommended to spend 90 minutes a day to ensure you finish on time.
In Colorado, the first step is to create an NMLS account to get an account ID, after which you can take 22 hours of Pre-Licensure education. This education will prepare you for the SAFE MLO Test.
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Pre-License Course for Florida License
To get your Florida license, you'll need to complete a Mortgage Pre-license course. This course is required to become a licensed Mortgage Loan Originator (MLO).
Gold Coast is now partnering with OnCourse Learning to offer this course in various formats, including classroom-based, livestream, or online education. You can choose the format that suits you best.
The course will take at least 20 hours to complete, and you should expect to spend about 90 minutes a day to finish it before the course end date.
22-Hour Safe Comprehensive: Colorado Loan Originator License Course
To get your Colorado Mortgage Loan Originator license, you'll need to complete 22 hours of Pre-Licensure education. This education will prepare you for the next step towards getting your license, which is taking the SAFE MLO Test.
The first step is to create an NMLS account to get an account ID. This is a crucial step that needs to be completed before you can start your Pre-Licensure education.
You can take your 22 hours of Pre-Licensure education online, and it will be provided by the National SAFE Act. This education will cover all the topics you need to know to pass the SAFE MLO Test.
Here's a breakdown of the different 20-hour and 22-hour Pre-Licensure courses available:
Keep in mind that some courses may have additional requirements or features, such as coaching or personalized learning. Be sure to check the details of each course before enrolling.
20-Hour SAFE Exam Prep
The 20-Hour SAFE Exam Prep is a crucial step in becoming a licensed mortgage loan officer.
You can choose from various formats, including webinars with eBooks, 14-Day OIL Video courses, and 7-Day OIL Video courses.
Some programs, like the Premier Plus 20 Hour National Pre-Licensing Package, offer 20 credit hours and are taught by industry experts.
Others, like the Standard 20 Hour National Pre-Licensing Package, offer a 14-Day OIL Video course and meet all federal pre-licensing requirements.
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A 10-day training program, such as the 20 Hour SAFE Comprehensive Applying Mortgage Knowledge to Exam Preparation (Webinar with eBook), can also be a good option.
Here are some key features of 20-Hour SAFE Exam Prep programs:
Each program has its unique features, so be sure to research and choose the one that best fits your needs.
20-Hour SAFE Comprehensive Exam Prep (14-Day Course)
The 20-Hour SAFE Comprehensive Exam Prep (14-Day Course) is a comprehensive program designed to help you prepare for the mortgage licensing exam. It's a 14-day online interactive learning (OIL) course that covers all the necessary topics to meet federal pre-licensing requirements.
You'll have access to expert instructors who will guide you through the course, providing valuable insights and advice along the way. The course is designed to be engaging and interactive, with a focus on helping you apply your knowledge to real-world scenarios.
The course is divided into 14 days, with each day building on the previous one to help you develop a deep understanding of the material. By the end of the course, you'll be well-prepared to take the mortgage licensing exam and start your career as a mortgage loan officer.
Here are the key features of the 20-Hour SAFE Comprehensive Exam Prep (14-Day Course):
- 14-day online interactive learning (OIL) course
- Meets all federal pre-licensing requirements
- Expert instructors guiding you through the course
- Focus on applying knowledge to real-world scenarios
Course Demo
Our mortgage courses are proven to help you learn what you need to know so you can excel in your career.
Over 50,000 students choose us as their go-to education resource each month.
Our courses engage you from start to finish and will help you effectively learn and retain vital information for your benefit.
Frequently Asked Questions
How hard is it to become a mortgage loan officer?
Becoming a mortgage loan officer requires meeting specific state and national requirements, including education and licensing exams. While the process can be challenging, it's achievable with dedication and the right preparation.
How long does it take to become a loan officer in GA?
To become a loan officer in GA, you'll need to complete a 20-hour licensing course, which is a standard requirement. After completing the course, you can apply for your loan officer license and start your career.
How to get a MLO license in Michigan?
To become a licensed Mortgage Loan Originator (MLO) in Michigan, you must first obtain an NMLS account and ID number, then complete a series of steps including education, licensing exams, and background checks. Follow our guide to learn more about the process and requirements for obtaining your MLO license in Michigan.
How much do mortgage loan officers make in Michigan?
In Michigan, the average annual salary for a Licensed Mortgage Loan Officer is $88,771, which translates to approximately $42.68 per hour.
Sources
- https://dre.colorado.gov/division-programs/mortgage-loan-originator/education/mortgage-loan-originator-qualifying-education
- https://www.tri-c.edu/corporatecollege/professional-development/online-courses/ohio-mortgage-loan-officer-pre-licensure-education-exam-prep.html
- https://www.oncourselearning.com/mortgage/national/mortgage/new-license
- https://goldcoastschools.com/courses/mortgage/mlo-pre-license/
- https://www.theceshop.com/mortgage/colorado/nmls-mortgage-loan-originator-license/colorado-mortgage-loan-officer-pricing
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