About This Course
This course is similar to a college-level online course and is NOT self-study. You'll need to interact with the course material and complete daily assignments during the program from the comfort of your home or office.
Students who complete this online course will receive 20 hours of pre-license education credit as required under the Federal SAFE Act for licensure as a loan originator and become prepared to begin working in the residential mortgage lending business in jurisdictions that do not require additional state-specific education 3.
This online instructor-led course covers the mandatory topics of federal law (3 hours), ethics (3 hours) and non-traditional mortgage lending (2 hours) in a manner that is easy to understand for even those with no prior origination experience. The real-world examples used in case studies and the websites visited in "online field trips" are reinforced by discussion and feedback from a professional instructor who is currently an active and "in the trenches" loan originator. Electives (12 hours) include topics such as conventional and government loan product guidelines and qualification, income assessment, the secondary market, appraisals and credit scoring.