In what states does ProSchools have NMLS-approved courses available?
Posted by Deanne Gillock in Education Requirements, Mortgage Licensing, NMLS, NMLSR, SAFE Act
The last few weeks have been busy with NMLS submissions and approvals. The online instructor-led format has kept our instructors and staff on their toes. I track our student feedback, and people seem to enjoy and get a lot out of the courses. We continue making improvements along the way. A few of our staff attended a webinar this week and we received some good ideas & suggestions from experts that specialize in this type of training.
To date, ProSchools has received NMLS approval for the 20-Hour SAFE course in 15 states: Arizona, Idaho, Kentucky, Louisiana, Massachusetts, Michigan, New Hampshire, Pennsylvania, Rhode Island, Vermont, Virginia, Washington, Iowa, Maryland, and Georgia. Each of these 20-hour courses contains state-specific laws. We also have the 20-Hour SAFE Comprehensive course approved without state laws. Any loan originator in the country could take that course right now.
We also have state-specific law courses approved. Those courses include 2 hours - Idaho law, 3 hours-Pennsylvania Law, 2 hours-Washington Law, 3 hours-Rhode Island Law, and 4 hours-Arizona Law.
We are getting quite a few calls from loan originators licensed in multiple states. Try this handy chart to see all the NMLS courses by state. This can feel complex, but I think it’s a matter of separating the NMLS education requirements from the testing requirements and then going from there.
For example, a loan originator licensed in Pennsylvania and Arizona. Start by looking at the education: a person could take the Pennsylvania SAFE Comprehensive course (it contains 3 hours of Pennsylvania Law), and then they only need the 4 hours of Arizona Law. They do not have to take another 20 hour course.
Regarding the SAFE Test, if they have passed the National Component, they only need to pass that test once. They will, however, need to pass the State Component for each state they are licensed in. Where it gets complex is that some states have already had a license exam in place for mortgage originators and in those states, the State Component might be waived. Give us a call if you need help!
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