Mortgage/ Pre-Licensing/ Arizona/ 24-Hr. AZ MLO Pre-Licensing Premium Package

24-Hr. AZ MLO Pre-Licensing Premium Package

$599

This product includes:

Elective Hours: 4 Mandatory Hours: 20 Total Hours: 24

Description

Package content and courses

State Requirements

This package includes all 20 hours of Pre-Licensing education required to become a mortgage loan originator (MLO), as well as Exam Prep Edge to help you pass your exam, an eTextbook, and credits for your first renewal package!*

This package includes:

20 Hour SAFE Comprehensive: Mortgage Loan Originator Pre-Licensing Course
4 Hour AZ SAFE: State Pre-Licensing Course
SAFE Mortgage Loan Originator Exam Prep Edge

This 20 hour course fulfills the SAFE Act requirement and provides a comprehensive introduction to the principles and practices of mortgage lending. In addition to the required core topics, the course will focus on content areas appearing on the SAFE MLO Test:

Uniform state content
General mortgage knowledge
Mortgage loan origination activities, including loan inquiry and application process requirements, qualification, closing, and financial calculations

The course brings the content to life through a variety of videos and activities allowing students to learn the content, discuss it with an instructor and other students, and apply it to a range of exercises, real-life scenarios, and case studies.

This package also includes access to Residential Mortgage Lending Principles and Practices, 7E, an eTextbook full of great information on the mortgage loan industry. You will have access to this eTextbook including benefits such as sharable notes, flashcards, and study guides for one year.

*Includes 8 hour AZ MLO CE Package.

Package Content:

4 Hour AZ SAFE: State Pre-licensing Course

An individual seeking a mortgage loan originator (MLO) license in Arizona is required to complete 20 hours of NMLS-approved education. Of this requirement, four hours of AZ-specific law must be completed. This online self-study course satisfies the four hours of required state-specific education.

Within this course, students will spend time reviewing state regulations and acts impacting MLO activities; perusing scenarios, examples, and case studies; and completing activities to demonstrate understanding of the content

State Requirements For Arizona

Arizona Requirement Details for Mortgage Pre-Licensing Education

Hours Required by the State: 20

3 hours of federal law
3 hours of ethics
2 hours of non-traditional mortgage lending
8 hours of electives
4 hours of AZ state specific

Seat Time:

Seat time will be enforced and our online course delivery system manages this requirement

NMLS ID Registration:

The NMLS system is used to process MLO licensing requests for all 50 states. A unique NMLS ID is required to report all course completions. Creating an account and obtaining an ID number is a simple process that can be completed here.

Licensing Exam:

The licensing exam is administered by NMLS. Registration for the licensing exam is an entirely separate process from your course final exam. For instructions to register for your licensing exam and further information, please click here.

Provider Approval # 1405076

The CE Shop's Offering: 20 hours

Final Exams: Final exams must be passed with a minimum score of 70% and may be taken a maximum of 3 times.

Course Completion Reporting: Mortgage course completions are reported to the Nationwide Multistate Licensing System. A unique NMLS ID is required to report course completions. The CE Shop will report your course within 7 calendar days.

Expiration Date of course:

National Pre-Licensing courses have a specified start and end date and are instructor-led. Students must select their course start date within 90 days of purchase. Once the start date has been selected students will have that day plus an additional 12 full calendar days to complete their course.

State-specific Pre-Licensing courses, where required, must be completed within 90 days from the date of purchase. Verify state requirements here. After licensing, licensees will be required to complete Arizona Mortgage Continuing Education requirements.

Arizona Contact Details for Mortgage Pre-Licensing Education

Arizona Department of Financial Institutions
Phone: 602-771-2800
Email: licensing@azdfi.gov
Website: https://dfi.az.gov/industry/mortgage-industry

NMLS Resources for Mortgage Pre-Licensing Education

Arizona MLO License Description Page

Mortgage Education

Criminal Background Check

Credit Report

MLO Testing