National Mortgage Loan Originator SAFE Course


On May 4, 2009, the New Jersey Residential Mortgage Lending Act (RMLA) was signed into law creating a new license law for New Jersey's mortgage bankers and mortgage brokers. The Act requires the education, testing, and licensure of mortgage load originators (MLOs), who will also be registered with the Nationwide Mortgage Licensing System and Registry (NMLSR).

This NMLS 3-day course fulfills the 20 hours of pre-license education required under the SAFE Act. Course includes all mandatory hours for federal law, ethics, non-traditional mortgage products and 4 hours of New Jersey state law.

All course material is included in tuition. Tuition includes a non-refundable $75 application fee.

Tuition: $450

Contents:

  • Introduction to the Mortgage Lending Business
  • General Mortgage Knowledge
  • Mortgage Origination Knowledge
  • Mortgage Laws and Regulations
  • Mortgage Lending Ethics and Mortgage Fraud
  • New Jersey Department of Banking and Insurance
  • State Laws and Regulations
  • New Jersey Residential Mortgage Act and Regulations
  • Compliance Issues
  • Disciplinary Actions
  • The New Jersey Home Ownership Act of 2002

Available Courses with Start Dates

To register, click on the Start Date in your preferred course below:

Full Day Course Schedule (3 days) - 2012
8:00 AM to 5:00 PM
Feb 6 to Feb 8
Apr 23 to Apr 25
Jun 18 to Jun 20
Aug 20 to Aug 22
Oct 29 to Oct 31





ALL DATES SUBJECT TO CHANGE