Course Description
This course meets the required 20 hours of NMLS-approved pre-license education needed to obtain a Mortgage Loan Originator license. It contains 3 hours of Federal Law, 3 hours of ethics, 2 hours of non-traditional mortgage lending, plus 12 hours of undefined electives.
- Single-question quiz after each chapter
- 25-question final exam at the end of the course
- 2 case studies
- Work at your own pace – course expires 3 months after the date of enrollment (free rescheduling is available)
- Must be completed on a desktop or laptop. The NMLS prohibits courses on smartphones or tablet
What You’ll Learn?
- Mortgage loan originator basics & history
- Programs & mortgage product terminology
- Origination & borrower application analysis
- Laws that govern products, appraisals, etc.
- Settlement agent/closing agent roles
- Documents in the mortgage closing process & actual mortgage scenarios
- Ethics, major fraud schemes, UDAAPS, fair lending, and prohibited practices
Credit & Certificate
Get credit for these 20 hours of nationally accepted Pre-license education for any state. Click here for help and a guide to all Pre-licensing requirements for MLOs.
JPMLO will transmit course credit directly to the NMLS within 4-5 business days after completion. Your certificate will be available in your account and available for download immediately.
More resources are available for any supplementary state-specific education here.
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