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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 Maryland 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
Maryland Mortgage Loan Originator License Requirements
To work as a mortgage loan originator in Maryland, 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:
- Five (5) hours directly related to Maryland law
- 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
- 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.
- Meet bonding requirements.
- Pass a background check.
- Demonstrate financial responsibility.
Maryland's transition plan for current, previously exempt and new loan originators is:
Current loan originators whose expiration is after June 30, 2009 must do the following by December 31, 2010 in order to renew:
- Satisfy the 20 hour education requirement. Continuing education taken within the past 5 years will meet the NMLS prelicense requirement.
- Meet the bonding requirement. Employees of licensed lenders may satisfy with employer bond.
- Pass a national background check and authorize a credit report through NMLS by December 31, 2010. The background check is available now, however, the ability to authorize a credit report through NMLS is not currently available. Once it is available this web page will be updated.
- 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.
- Register with the Nationwide Mortgage Licensing Registry (NMLS).
Previously exempt loan originators must do the following by July 31, 2010:
- Complete 20 hours of NMLS-approved prelicense education. The 20 hours of education must include a minimum of the following:
- Five (5) hours directly related to Maryland law
- 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
- Meet the bonding requirement. Employees of licensed lenders may satisfy with employer bond.
- Pass a national background check and authorize a credit report through NMLS by July 31, 2010. The background check is available now, however, the ability to authorize a credit report through NMLS is not currently available. Once it is available this web page will be updated.
- 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.
- Register with the Nationwide Mortgage Licensing Registry (NMLS).
New loan originators must do the following prior to being licensed:
- Complete 20 hours of NMLS-approved prelicense education. The 20 hours of education must include a minimum of the following:
- Five (5) hours directly related to Maryland law
- 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
- Meet the bonding requirement. Employees of licensed lenders may satisfy with employer bond.
- Pass a national background check and authorize a credit report through NMLS. The background check is available now, however, the ability to authorize a credit report through NMLS is not currently available. Once it is available this web page will be updated.
- 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.
- Register with the Nationwide Mortgage Licensing Registry (NMLS).
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%)
- Maryland component (55 questions with 45 scored and 10 unscored): The exam will cover: 1) State of Maryland Department of Labor, Licensing and Regulation, Division of Financial Regulation (5%); 2) State law and regulation definitions (10%); 3) License law and regulation (25%); 4) Compliance (50%); 5) Disciplinary action (10%)
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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