22-Hr. TN MLO Pre-Licensing Course Only Package

$329

This product includes:

Elective Hours: 2 Mandatory Hours: 20 Total Hours: 22

Description

Package content and courses

State Requirements

This package includes all 22 hours of Pre-Licensing education required to become a mortgage loan originator (MLO).

This package includes:

20 Hour SAFE Comprehensive: Mortgage Loan Originator Pre-Licensing Course
2 Hour TN SAFE: State Pre-Licensing Course

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.

Package Content:

2 Hour TN SAFE: State Pre-licensing Course

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

Tennessee 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

10 hours of electives
2 hours of Tennessee law

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:

he 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 Tennessee Mortgage Continuing Education requirements.

Tennessee Contact Details for Mortgage Continuing Education

Tennessee Department of Financial Institutions
Phone: 615-741-2236
Email: askmortgage.licensing@tn.gov
Website: Tennessee Department of Financial Institutions

NMLS Resources for Mortgage Continuing Education

Tennessee MLO License Description Page

Mortgage Education

Criminal Background Check

Credit Report

MLO Testing