MLO TRAINING ACADEMY
We’re here to help, every step of the way!
Mortgage Lending is a profession that requires knowledge of many disciplines, including real estate, finance & appraising to be effective. Our courses are designed to give you the information you need to pass your licensing exam(s) and successfully enter the mortgage profession whether it be in sales, lending, processing or underwriting.
As a mortgage loan originator school in California, we will provide students with the proper exam tools needed to earn an NMLS endorsement. Your Mortgage Loan Originator career starts before you even get your endorsement. It starts with a well-grounded education, from experienced professionals, boasting a long-standing track record of student successes. That is exactly what you can expect from Affinity Real Estate & Mortgage Service’s NMLS Training Academy.
Our NMLS Academy is dedicated to providing programs that are designed to fulfill the current as well as any future educational requirements. We offer programs to fulfill all of your educational needs including classroom, private group, and online training. Once one has received an NMLS endorsement, you can get all your renewal education at Affinity as well.
Contact us today for more information!
Mortgage Loan Originator License Requirements
If you intend to originate residential loans in the U.S. you will have to comply with Federal Law. If you intend to originate residential loans in California, you will have to comply with both Federal and California State law.
If you intend to originate residential loans in California you need the educational services we provide. You will be required to obtain a unique identifier number with the Nationwide Mortgage Licensing System & Registry (NMLS) for accountability purposes
If you originate loans as a Mortgage Broker, or under the supervision of a Mortgage Broker, you will answer to the Bureau of Real Estate (CalBRE).Working under the oversight CalBRE, you must complete at least 20-hours of pre-licensing education before receiving your Mortgage Loan Origination (MLO) designation. You must also pass a challenging National Test with a score of 75% or better.
Obtaining A Unique Identifier / NMLS ID Number
Your NMLS ID number will follow you throughout your mortgage career. You will need it for test enrollment, criminal background authorization, credit report authorization, and your required NMLS education.
To obtain an NMLS ID# visit the NMLS Resource Center website. Under ‘Popular Links’ click ‘Quick Guides – Individual’. Under ‘Account Administration’ click ‘Individual Account Creation’. Follow the directions. If you have any questions on how to navigate the system or on what information to provide, call the NMLS Call Center at (855) 665-7123. Keep your NMLS ID number confidential and secure.
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Continuing education hours must be completed by the student, submitted by the school, and processed by the NMLS by December 31st.
We encourage students to complete their continuing education course no later than November 30th, or as early as possible, to ensure on-time renewal.
NMLS has posted the new National Test Content Outline. The test content outline reflects changes coming to the test as a result of the TILA-RESPA Integrated Disclosure Rule (TRID) and the results of the recently completed job analysis survey. The updated National Test with Uniform State Content will go live on Saturday, October 3, 2015.
“When you need to get your 20 Hrs for NLMS… Do it with ATRICIA! She is very knowledgeable! She will guide you through all the information that you will need to know for the exam, along with other useful information that you may use in practice. She is a great teacher, he information flows from one subject to the next, which helps you actually RETAIN it. Will take her live course again for the 8-HR CE. Thank you!.” (via YELP)Ginger D.
“Artricia’s class is wonderful! She makes sure you know what you need to know for the tests. I am glad that I took the class. The 20 hours were well spent to prepare yourself for the tests. I highly recommend the Affinity school!”Penny W.