Mortgage Lending Portal

Merrell Institute and THE ASSOCIATION OF MORTGAGE EDUCATORS ~ 631-563-7720

www.MortgageFinancingEducation.com

 

Mortgage Loan Officer Program-Multi-State-2 Week, 20 Hour Program begins On-Line:

DIRECT LINK:  http://www.hondrosaffiliates.com/affiliate/trackingcode.php?aid=19&linkid=N3

 

National Loan Officer Program (Check your state on list)

Click here for the National Online Mortgage Course- National Loan Officer Program

 

National Mortgage Review Crammer Program:

Click here for the National Online - National Mortgage Review Crammer Program

 

National Loan Officer Continuing Education: (Check your state on list)

Click here for the National Online - National Loan Officer Continuing Education

New York

Pre-Licensure Education Requirements

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This education must include 3 hours of Federal law, 3 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), 2 hours of non-traditional mortgage lending, 9 hours of undefined education (referred to as electives) + 3 hours of NY law. Number of hours is 3/3/2/9/+ 3hrs of NY law = 20

New York has a requirement for 3 hours of instruction on state-specific law which may be satisfied by either taking a NY comprehensive course or a state-specific elective course.

YOU MAY TAKE THE NATIONAL CLASS AND THEN TAKE THE 3 HOUR ELECTIVE COURSE TO MEET NYS REGULATIONS!

Continuing Education Requirements

Every state-licensed MLO (in any approved status) is required to complete at least 8 hours of NMLS approved education annually beginning the year they are licensed (unless PE was completed in the same year). Annual CE education must include 3 hours of Federal law, 2 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), and 2 hours of non-traditional mortgage lending, 1 hour of elective, plus 3 hours of NY-specific education. Number of hours is 3/2/2/1 + 3hr of NY law =11 Note: NY-DFI will not accept any hours of other state-specific education to count towards the 1 hour of elective. MLOs are advised to complete either an 11 hour NY Comprehensive course or an 8 hour Comprehensive course and a 3 hour NY elective course.

MLOs are advised that to comply with the SAFE Actís "successive years" rule, they may not take the same CE course two years in a row.

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National Loan Officer Continuing Education (Check your state on list)

Click here for the National Online - National Loan Officer Continuing Education


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