NMLS SAFE 20 Hour Pre Licensing
SAFE Comprehensive PE /
Loan Originator Pre-Licensing Course
NMLS Approved Course # 1121
Course Type: Classroom Training
Course Length: 3 Days 9 AM to 5:30 PM
Tuition $330.00 (Includes all NMLS credit banking fees)
Live Classroom Training In Marietta, GA
How To Register: Visit our Calendar tab on the home page or click here
View A Few Minutes Of Capstone Institute's live training.
Why 3 days are better than 2 days of classroom or online training like other companies offer?
Capstone students who take our training and advice are reporting over a 91% first time passing rate on their NMLS National & State testing. Spreading the course over 3 days makes all the difference. If you're just starting your career in the mortgage industry or returning you really need to understand there's a reason why only 68% pass their test the first time. The NMLS national test is extremely tuff and previous mortgage experience really doesn't give much of an edge. Condensed 2 day programs and online programs would like to improve their teacher / student interactive experience but its a technology nightmare. Nothing works better statistically than a live class with your instructor in front of you.
Let's talk about academic comprehension and retention levels. With Capstone's 26 years as a mortgage training institute, it is our opinion that there is simply too much information to be thoroughly covered and all student questions answered in 2 (ten hour) days or in an online class. There's simply is not enough Student /Teacher interaction and communications. In our 3 day class we have "BUILT IN" the time to allow our students to ask questions, discuss issues and get meaningful answers from their instructor. Many of our students have never been in any type of banking job before and their passing rate with our instruction is equal to experienced loan originators who are re-entering the mortgage business. We believe this is why Capstone has over a 91 % first time pass ratio.
Click On Your Manual And See What We'll
Be Covering In 3 Days To Properly Prepare
You To Pass Your National NMLS Test
Capstone Institute Instructors
All Capstone Instructors have a minimum of 10 years of current practical mortgage banking knowledge and all have at least 5 years of live mortgage training experience. Many individuals have mortgage knowledge but few have the ability to pass this knowledge on to others.
Every Instructor who works for Capstone Institute must first sit the entire SAFE Act class and participate in the class as a student. Then the instructor applicant must study Capstone's instructor course manual and then instruct a live 2 hour learning module under the supervision of one of our senior instructors. The instructor applicant is then critiqued by our staff and their students. If successful they will be permitted to instruct the entire SAFE Act course on their own but still under the supervision of a senior instructor. If again they're successful, the Instructor applicant will receive Capstone Institute's designation as "Instructor" and be permitted to instruct the SAFE ACT course without supervision.
Capstone Student & Company Support 800-229-8556
Supporting our students and major clients after training is, and always will be, our highest priority. You will always hear a live person at the other end of the telephone when you call. If you call after hours we have a full time live answering service which takes your request and passes it on to us the next morning. Have an emergency? Need some help after regular hours? Just tell our service it's an emergency and they'll page a senior staff member to call you.
Not everyone passes the SAFE Act test the first time. If something happened after your training and you were prohibited or restricted from studying your materials we will continue to support your effort to retake your test. You may re-sit the entire course or only the areas of training that you were weak on at no charge.
REMEMBER: If you have a mortgage question after training, pick up the phone and call us or e-mail your questions.
What Will The SAFE Act Training Prepare Me For ?
The SAFE Act, as you will learn later in your training, is just the beginning. To be eligible to work for a mortgage lender or broker as a loan originator you must take the applicable SAFE Act training for your State and pass the required test or tests. Once hired, you'll have to learn how to input data into your company's loan origination software and start learning all of the different loan programs offered by your company. You'll need to understand how FHA and VA loans work and how to qualify self employed borrowers. You will also need training in understanding how to properly interview a borrower and how to correctly take a (1003) mortgage loan application.
Completing you SAFE ACT licensing requirements makes you eligible for licensing but unfortunately
not competent to do your day to day duties as a loan originator.
Do I have to take the 20 hour course for every State?
Under the SAFE Act, all states now require at least a 20 hour comprehensive PE course to be completed. Some states require more than 20 hours. For example, Mississippi requires loan originators to have the required 20 hour SAFE Act PE course plus another 4 hours covering Mississippi mortgage regulations and law, for a total of 24 hours. So if you wanted to originate loans in Georgia and Mississippi, you would need to complete a 20 hour course for Georgia and then a 4 hour course on Mississippi law.
How Do You Get A Loan Originator License?
As a loan originator you must first be hired by a Lender or Broker and then your employer will submit you file to the State where you will be originating and request that your license be placed under their company name. When the State receives the employer's license request it will then contact the NMLS and have your completed file forwarded to them for review. Your NMLS file must be complete and all fees paid before the NMLS will send your file to the State for licensing review. Most employers will require you to have your SAFE Act training and testing completed before hiring you.