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Idaho Mortgage Education Includes SAFE Loan Originator Test Prep
ProSchools' online instructor-led training is NMLS-approved. Courses contain easy-to-understand lessons, lots of
practice exams, easy access to your instructor, and flexible online learning allowing you to move through the course
quickly. Plus, you study when and where you want. Exchange ideas via discussion forums, blogs, and instructor
assignments. An optimal learning experience for busy Idaho Loan Originators! Prepare for your SAFE Loan Originator
exam while completing your NMLS course.
Choose the training session that best meets your schedule. Course sessions start and end weekly. If you need
longer to complete your course, call our helpful NMLS Account Specialists to discuss transferring to the next
available session. At the end of your session, upon course completion, ProSchools "banks" your completion
record to the NMLS. There is a $1.50 per hour mandatory NMLS-Banking fee that will be added at checkout.
 
What do ProSchools' NMLS-Approved Courses Include
- Courses are online and instructor-led
- Easy-to-read and printable lessons
- Multi-media chapter reviews
- Instructor assignments
- Knowledge building exercises
- Hundreds of online exam questions with explanations and score tracking (this prepares you for the SAFE Mortgage Loan Originator Tests)
- Helpful resources including a student discussion forum, instructor blog, and useful links to NMLS information and testing resources
- Easy access to your instructor via "live chat" office hours, email, or phone
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 background check.
- Demonstrate financial responsibility.
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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This NMLS-approved course fulfills the 20 hours of prelicense education required under the SAFE Act. Included are all mandatory hours for Federal Law, Ethics, Non-traditional Mortgage Products, and 2 hours of mandatory Idaho law. Complete at home or office; study when and where you want. Interact with your instructor via assignments and online forums or directly via live chat, phone, or email. Exam prep is included to help prepare you to pass the National and Idaho SAFE Mortgage Originator Tests.