SAFE Comprehensive Course Approved for Virginia Mortgage Loan Originators
Posted by Deanne Gillock in Education Requirements, Mortgage Licensing, NMLS, NMLSR, SAFE Act
- Image by ucumari via Flickr
ProSchools has the Virginia S.A.F.E. Comprehensive Course approved by the NMLS and available. Virginia’s educational requirements are very close to the SAFE Act, requiring at least 20 hours of education approved by the NMLS. Mortgage loan originators have to take at least 3 hours of federal law, 3 hours of ethics, and 2 hours related to nontraditional mortgage products.
ProSchools’ course contains Virginia laws (usually 2-3 chapters) to help loan originators prepare for the state component of the S.A.F.E. test. The rest of the course contains national topics that will help people prepare for the national component of the exam.
As of July 1, 2010, all Virginia loan originators need to be licensed and can only apply for a Virginia MLO license by filing Form MU4 through the NMLS. If you already filed this form in another state, you do not need to do it again.
Tags: mortgage license, NMLS approved, NMLS approved course, NMLS approved provider, NMLS education, SAFE Act, SAFE Comprehensive course, SAFE Test, Virginia Bureau of Financial Institutions, Virginia mortgage brokers, Virginia mortgage loan originators
Entries (RSS)