Sales/Enroll 888-360-8764
We have 4 formats: Live Classroom Instruction, Classroom Equivalent Webinars: for Pre-Licensing and Continuing Education, Online Instructor Led for Pre-Licensure, Self Study Continuing Education classes
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- Utah Loan Originator License
agentcampus.com offers these Alabama mortgage education courses in conjunction with MortgageEducation.com. All the mortgage education courses are NMLS-approved and will satisfy all the required education hours for your state. Should you have any questions please feel free to contact MortgageEducation.com.
MortgageEducation.com
NMLS Provider No. 1400051
Address: 555 West 23rd Street, N10E New York, NY 10011
Customer Support:
(404) 496-4177
Who is required to have a license? (Jurisdiction-Specific)
Utah Division of Real Estate to directly or indirectly solicit, render services related to the origination of, or transacts the business of a residential closed-end mortgage loan secured by a first lien or equivalent security interest on a one to four unit dwelling, through a Principal Lending Manager.
Who does not need this license?
- The federal Government, a state, a political subdivision of a state, or an agency of or entity created by a governmental entity. Depository institutions and affiliates of depository institutions or their employees or agents are also exempt.
- An individual who makes a loan secured by an interest in real property with the person’s own money and for the person’s own investment that does not engage in the business making loans secured by an interest in real property
- A nonprofit corporation that is exempt from paying federal income taxes and is certified by the United States Small Business Administration as a small business investment company; and is organized to promote economic development in the is state; and has as its primary activity providing financing for business expansion.
- A court appointed fiduciary; or an attorney admitted to practice law in this state if the attorney is not principally engaged in the business of negotiating residential mortgage loans; and when the attorney renders services in the course of the attorney’s practice as an attorney. However an exempt attorney m ay not engage in conduct described in Section 61-2c-301 when transacting the business of residential mortgage loans.
Pre-requisites for License:
- 40 Hours of Utah approved education
- 20 Hours of NLMS approved education
- Take and pass the NMLS national exam
- Take and pass the State DRE exam
- Fingerprints for an FBI criminal history background check
Utah Mortgage Loan Originator License
SAFE ACT Requirements
- SAFE MLO Test – Existing licensees must pass the National Component of the SAFE MLO Test at time of renewal in 2010 but no later than 12/31/2010. It is recommended that individuals pass the National Component of the SAFE MLO Test by 5/31/2010 in order to ensure adequate time for processing of the application. All new applicants must pass the National and State Components of the SAFE MLO Test before a license will be approved.
- Criminal Background Check - Licensees must submit fingerprints through NMLS for a criminal background check prior to renewal in 2010 but no later than 12/31/2010.
- Credit Report - Licensees must authorize a credit report through NMLS at renewal in 2010 but no later than 12/31/2010.
Utah Mortgage Education Requirements
- Continuing Education (Required courses – 2 hours ethics, 3 hours Fed/State Law) – This course should be taken every 2 years on renewal.
- SAFE Act Pre-License (Required courses – SAFE CORE 8 hours) – All new applicants on or after 1/1/2010 must have completed 20 hours of NMLS approved pre-licensure education, and an additional 40 hours of UT specific. Existing licensees will not need 20 hours of NMLS approved pre-license education if all other MLO requirements are met by 12/31/2010.
- SAFE Act Continuing Education (Required courses – SAFE CORE 7 hours) – All licensees prior to 10/1/2009 must complete 14 hours of Utah DRE or NMLS approved continuing education in 2010 in order to renew for 2011. All licensees after 10/1/2009 must complete 8 hours of Utah DRE or NMLS approved continuing education in 2010 in order to renew for 2011. This course should be taken Yearly by 12/31.
- Certification (Education) – Currently licensed MLOs who have completed at least 20 hours of UT-DRE state approved education on or before 12/31/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information
- Certification (Test) – Currently licensed MLOs who have passed the UT-DRE mortgage test no later than 2/21/2010 may be eligible to participate in the testing certification process and may not need to take the UT-DRE State Component of the SAFE MLO Test. Refer to your state agency for more information.
MortgageEducation.com and 360Training Marketing Questions
What are the different course formats available to the student?
How long is the course good for? For Pre-license? For CE?
Course purchases are good “forever,” with the only barrier being if we discontinue a course. The course timing expiration varies:
- Classroom – scheduled
- Webinar- 2 to 5 Hours
- Online Instructor Led- 3 to 5 days
What is the vendor approval number?
Our NMLS Provider ID: 1400051
What are the course approval numbers?
Consult the NMLS Master Course Catalog for more detail
How can the Live Instructor help while the customer is taking the course? Is it 24X7?
When the students are in the Webinar based classes, the instructor is there the entire time to answer questions. With the Online Instructor Led, emails go to two instructors, both of whom have general knowledge and are generally available. Responses to activities in the courses occur twice a day. Tech Support – 9:30- 6:30 EST
What’s the Refund policy?
A request for refund, less a 15% processing fee, will be honored if requested within seven calendar days of purchase date. Additionally, for classroom courses, refund requests must be received no later than seven days prior to the course start date. No refunds will be issued for completed courses
How does the online course player work?
75%
What’s the passing score for Pre-license and for CE?
We use “articulate.” we have timed slide progression, interspersed with Knowledge Check, which are short four-question quizzes that require 100% to pass and continue
Are we going to take care of the Live classroom registrations if yes please specify how?
A mix of manual and technology based requests will be done on our end
Are there any pre-test requirements for Pre-licensing for each state if yes please specify.
Students may take the NMLS State and National Exams in any order they choose, and may take them before or after completing the Pre-Licensing Education
Are the printable certificates available upon completion?
If you are not taking these courses for Continuing Education Credit or State Certifications of any Kind, your Certificates will be available to you to Print from your Final exam box located on your “Welcome Page” instantly upon completion of the Final exam
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