IGNOU Admission 2019: Admission technique for UG, PG guides for July consultation starts offevolved on ignou.Ac.In

Every Mortgage Loan Originator licensed in the United States must complete Pre-License Education to obtain a license and Continuing Education each year to renew the license. There is a federal mandate that each state require at least 20 hours of Pre-License Education and at least 8 hours of Continuing Education each year after the license is approved. And many states have decided to require additional “state-specific” Pre-License and Continuing Education on top of the federally mandated minimum requirement. If a Loan Originator obtains licenses in many states, there could be a lot of Continuing Education required each year, which brings us to our main topic. How do you choose a Mortgage License Education Course Provider that can make this process as simple and painless as possible?

Education CoursesAvailability of Courses – Each Mortgage License Education Course Provider must get their courses approved through the NMLS (Nationwide Mortgage Licensing System). Some Course Providers only get the main 20-hour Pre-License Education and 8-hour Continuing Education, so if you are licensed in any states that require state-specific education, you’ll have to do that part with another Course Provider. Most Course Providers only get some of the state-specific education approved for the larger states. It is very time-consuming to get approved and maintain if they don’t have enough customers taking the courses. Very few Course Providers get the state-specific Mortgage License Education Courses approved by the NMLS in every state that requires it. If licensed in many states, it is best to find one of these few Course Providers that offer all courses.

Course Formats – The Course Providers can provide Pre-License Education in 3 formats: Classroom, Webinar, and Online Instructor-Led. The classroom is a live course in person. The webinar is a live course via a webinar online. And Online Instructor-Led, which is by far the most popular, is an online course at your own pace with a small amount of instructor involvement to meet the NMLS requirement that there be an interaction between the student and the instructor. Due to the instructor interaction, the Online Instructor-Led courses must be done within a certain time window. Usually 2 days for a few hour courses up to 12 days for a 20-hour course. For Continuing Education, Course Providers can offer all of the same course formats as the Pre-License Education plus an Online Self-Study format. The Online Self-Study format is virtually identical to the Online Instructor-Led format. There is no window of time that the course must be completed, and there is no instructor interaction.

For most people, the Online Self-Study format would be the best option for Continuing Education. Not all Course Providers offer all Course Formats, so you will want to find a Course Provider that offers the formats you prefer. Every Mortgage Loan Originator licensed in the United States must complete Pre-License Education to obtain a license and Continuing Education each year to renew the license. There is a federal mandate that each state require at least 20 hours of Pre-License Education and at least 8 hours of Continuing Education each year after the license is approved. And many states have decided to require additional “state-specific” Pre-License and Continuing Education on top of the federally mandated minimum requirement.

If a Loan Originator obtains licenses in many states, there could be a lot of Continuing Education required each year, which brings us to our main topic. How do you choose a Mortgage License Education Course Provider that can make this process as simple and painless as possible?

Availability of Courses – Each Mortgage License Education Course Provider must get their courses approved through the NMLS (Nationwide Mortgage Licensing System). Some Course Providers only get the main 20-hour Pre-License Education and 8-hour Continuing Education, so if you are licensed in any states that require state-specific education, you’ll have to do that part with another Course Provider. Most Course Providers only get some of the state-specific education approved for the larger states. It is very time-consuming to get approved and maintain if they don’t have enough customers taking the courses. Very few Course Providers get the state-specific Mortgage License Education Courses approved by the NMLS in every state that requires it. If licensed in many states, it is best to find one of these few Course Providers that offer all courses.

IGNOU Admission 2019: Admission technique for UG, PG guides for July consultation starts offevolved on ignou.Ac.In 2
Jaclyn H. Dempsey
Beer geek. Tv scholar. Passionate music maven. Freelance travel buff. Zombie fanatic. Professional pop cultureaholic.Spent a year exporting carnival rides for fun and profit. Spent a year analyzing human hair in Salisbury, MD. Spent childhood licensing Elvis Presley in Jacksonville, FL. Spent the better part of the 90's licensing g.i. joes in Suffolk, NY. Spent 2001-2007 researching chess sets for farmers. Spent a year developing jump ropes in Orlando, FL.

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