Are you planning to become a licensed Mortgage Loan Originator? If so, you must pass the National Test. Make no mistake, it is a tough exam.
Our test preparation program has been updated to include TILA-RESPA Integrated Disclosure Rule (TRID), New HUD Rules, and the New Borrowers Home Loan Tool Kit.
Every mortgage professional who originates loans for a non-Federal Deposit Insurance Corp.-insured entity must be licensed. Being licensed means having to pass the National Mortgage Licensing System (NMLS) pre-licensing exam.
According to the NMLS website, between July 30, 2009, and this past December 31, 2016 the first time “pass” rate of the national loan originator exam has fallen to 55 percent. That means that almost 45% of test-takers are failing the exam! This is an indication that the test is not too easy! We have a 92% pass rate based on students that have taken our Exam Prep Cram Course - Check out our YELP Reviews!!!
The exam is relatively standard. It includes 125 computer-generated, multiple-choice questions that must be answered within three hours. In order to pass the exam, originators must achieve a passing score of 75 percent or better. If you fail, you must wait 30 days to retake the exam. If you fail 3 times – you must wait six (6) month before your allowed to retake the exam. Can your business afford to be sidelined for that long?
This is an online prep courses to prepare students to take the SAFE Mortgage Loan Originator Test - National Component with Uniform State Test. Our online course includes over 10 hours of online content with 30 instructional videos and 10 practice exams modeled after the content of the NMLS Exam.
Here is an overview of what is included in the course: