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Pass the SAFE Mortgage Loan Originator Test with ProSchools' Exam Prep
Prepare for your SAFE Mortgage Loan Originator Test with ProSchools' powerful National and Idaho test prep programs. Included are important lessons with multi-media reviews, knowledge-building exercises, and hundreds of practice questions (complete with explanations) that test you on the SAFE Mortgage Loan Originator Test topics. Plus, track your progress and exam readiness with our mortgage exam score monitor. You'll learn how to overcome test-taking anxieties too! Enroll now and pass with confidence.
 
What you get with ProSchools' SAFE Mortgage Loan Originator Test Prep
- Hundreds of online practice questions with explanations and score tracking
- Lessons on NMLS exam topics in easy-to-read and printable formats
- Multi-media chapter reviews
- Knowledge building exercises for the loan originator exam
- Exam prep tips and strategies
Idaho Mortgage Loan Originator License Requirements
To work as a mortgage loan originator in Idaho, you need to:
- Complete at least 20 hours of NMLS-approved prelicense education. The 20 hours of education must include a minimum of the following:
- Three (3) hours of federal law and regulation
- Three (3) hours of ethics, including fraud, consumer protection and fair lending issues
- Two (2) hours of lending standards for the nontraditional mortgage product marketplace
- Two (2) hours directly related to the Idaho Residential Mortgage Practices Act
- Pass the SAFE Mortgage Loan Originator Test. The SAFE Mortgage Loan Originator test is two exams, a national exam and a state exam, which may be taken separately.
- Make a Recovery Fund Payment.
- Be sponsored. Mortgage Loan Originators may not be sponsored by, or perform mortgage origination activities for more than Idaho Mortgage Broker/Lender licensee simultaneously.
- Pass a national background check. New applicants on or after July 1, 2009 must submit to the background check by July 31, 2010. Existing licensees approved before July 1, 2009 must submit to the background check by December 31, 2010.
- Pass a credit check. New applicants on or after July 1, 2009 must authorize a credit report through NMLS by July 31, 2010. Existing licensees approved before July 1, 2009 must authorize a credit report through NMLS by December 31, 2010. The ability to authorize a credit report through NMLS is not currently available. Once it is available this web page will be updated.
To ensure an orderly transition to licensing and reduce disruptions in the mortgage marketplace, the deadline for loan originators to complete the education and pass the exam are:
- Anyone licensed on or after July 1, 2009 has until July 31, 2010 to satisfy the education requirements and pass the exam.
- Anyone licensed prior to July 1, 2009 has until January 1, 2011 to satisfy the education requirements and pass the exam.
SAFE Mortgage Loan Originator Test Information
The SAFE Mortgage Loan Originator Test consists of two separate exams called "components":
- National component (100 questions with 90 scored and 10 unscored): The exam will cover: 1) Federal mortgage-related laws (35%); 2) General mortgage knowledge (25%); 3) Mortgage loan origination activities (25%); 4) Ethics (15%)
- Idaho component (60 questions with 50 scored and 10 unscored): The exam will cover: 1) Idaho Department of Financial Institutions (5%); 2) State law and regulation definitions (10%); 3) License law and regulation (20%); 4) Compliance (50%); 5) Disciplinary action (10%); 6) Idaho Unique State Test Areas (5%)
To schedule and take an exam you must:
- Create an account in NMLS. Anyone seeking a license must have or create an account in NMLS prior to enrolling.
- Enroll in the National and/or State-specific test. The fees for the exam will be paid at the time of enrollment through the NMLS.
- Study for the exam. Note: You are not required to complete your prelicense education prior to taking the exam!
- Schedule your exam through either Prometric or Pearson VUE. The test is administered at nearly 500 locations nationwide.
- Arrive at the test center 30 minutes prior to your appointment with current government-issued ID that contains a photo and signature.
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