The MMBA and the New England Mortgage Education Council has partnered with the Association of Mortgage Educators (NMLS Provider ID:1400214) to offer online SAFE MLO Pre-licensing, NMLS Approved Continuing Education, and SAFE MLO Exam Preparation.
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NMLS Approved SAFE MLO Continuing Education Online
These courses are approved by the NMLS to fulfill the SAFE Act continuing education requirements. The online courses are flexible, convenient and easy to take with no hidden fees. Unlike other providers, your $1.50 per credit hour banking fee is included in the cost of the course!
Mortgage loan originators have to take 8 hours of continuing education by License renewal (October 31st in Massachusetts!) of each year. On a yearly basis, the SAFE Act calls for state-licensed MLOs to complete 3 hours of Federal law and code; 2 hours of ethics including training on fraud, fair lending, and consumer protection issues; 2 hours of training dealing with lending standards for the nontraditional mortgage product market; and 1 hour of instruction in an undefined topic (in Massachusetts you must take a state specific course on state laws and regulations).