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New Hampshire 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 New Hampshire 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
New Hampshire Mortgage Loan Originator License Requirements
Loan originators can only be licensed through the Nationwide Mortgage Licensing System (NMLS). In order to be licensed as mortgage loan originator in New Hampshire you must do the following:
- Complete at least 20 hours of NMLS-approved prelicense education. The prelicense education must include at least (3) hours of federal laws and regulations; (2) hours of ethics, including instruction on fraud, consumer protection, and fair lending; and (2) hours related to lending standards for the nontraditional mortgage product marketplace.
- Pass the SAFE Mortgage Loan Originator Test. The SAFE Mortgage Loan Originator test is actually two exams, a national exam and a state exam, which may be taken separately.
- Submit fingerprints for a criminal records check and credit checks to the NMLS. Although this requirement is effective July 31, 2009, it is anticipated that you will not be able to begin submitting fingerprints to the NMLS until November 1, 2009.
- File the MU4, pay the fee and provide explanations for any affirmative answers given to any disclosure questions on the MU4 application.
- All loan originators must be sponsored by a company who has an approved filing on the NMLS. A sponsorship request must be filed on behalf of the originator by the originator's employer.
New Hampshire Mortgage Loan Originator deadlines to the complete the education and pass the SAFE Mortgage Loan Originator Test
To ensure a smooth transition the following are the deadlines for current and new loan originators:
- Originators licensed between April 1, 2009 and July 30, 2009 must complete the fingerprinting and criminal background check, the credit check, 20 hours of NMLS approved prelicense education and pass the SAFE Mortgage Loan Originator Test before December 31, 2009 in order to be renewed for 2010.
- As of July 31, 2009, any originator applicant who files for a license will not be approved unless they have completed all the licensing requirements.
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%)
- New Hampshire component (55 questions with 45 scored and 10 unscored): The exam will cover: 1) New Hampshire Banking Department 5%); 2) State law and regulation definitions (15%); 3) License law and regulation (20%); 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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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, and Non-traditional Mortgage Products. Two hours of New Hampshire law is included to prepare you for the state component of the SAFE exam. 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 New Hampshire SAFE Mortgage Originator Tests.