Mortgage Loan Originator (MLO) licensees must demonstrate annual participation in CE in order to have their licences renewed. Each and every Continuing Education course has to be approved by NMLS.

Regulations requiring continuous education and instruction

In order to keep one’s MLO certification current, nine hours of continuing education must be completed. Courses must be taken from the NMLS Continuing Education Catalogue. The nine hours must be spent on a combination of federal law and regulations (three hours), ethics (two hours), unconventional mortgage products (two hours), Washington law (one hour), and anything else you’d want (the final hour).

Methods for Persevering in Your Academic Pursuits

It is crucial that you keep the following in mind as much as possible while planning your future schooling:

Select only those CE courses listed in the NMLS Master Course Catalogue that have been approved by the NMLS. The utah mlo continuing education is essential here.

If you go to the NMLS Education portal (this link will take you to an external site), you’ll see a link that says “Regular PE or CE Courses.” One of those courses must be completed by the end of the year if you wish to be eligible to renew your licence.

You should definitely sign up for CE rather than PE (Pre-Licensing Education).

Repeating a course over two consecutive years is not advised. You are free to sign up for other classes from the same vendor. This means that you cannot repeat the same course in consecutive years. Learn more about the SAFE Act’s Successive Year Rule (external link).

As quickly as possible, finish the CE hours that you need.

The submission date for satisfactorily completed courses from providers of continuing education is seven days. Licence renewal is not possible unless the Education is added to your profile.

Some courses run for a set period of time, and even if you finish them early, you won’t be able to turn in your grade until just before the course ends.

Locate a Class Finding Classes in the NMLS Database This link will take you away from the NMLS site to the NMLS Master Course Catalogue.

Make sure you sign up for CE courses rather than PE ones to maintain your licence. This data is often included in the “Category” section of the course catalogue.

What is the annual Continuing Education requirement for MLOs?

Nine hours of Continuing Education are needed each year for MLOs to maintain their certification. The requirements of the SAFE Act must be accomplished in 8 hours, plus Washington state law requires one additional hour.

An MLO may take whatever CE course they choose, right?

No. Only NMLS-approved courses for Continuing Education (CE) rather than Pre-Licensing Education (PE) are eligible for enrolment by an MLO. The NMLS Master Course Catalogue (link is external) provides a complete listing of approved classes.

Conclusion

While the great majority of MLO licensees are required to complete Continuing Education in order to renew their licences, this requirement does not apply to those licensees whose Pre-Licensing Education completion year (on their NMLS record) is the current year.