Pass the SAFE Mortgage Loan Originator Test with ProSchools' Exam Prep
Prepare for your SAFE Mortgage Loan Originator Test with ProSchools' powerful National test prep program. 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.

Oklahoma Loan Originator NMLS Exam Prep Title (click for details) Hours Format Price   National SAFE Loan Originator Test Prep n/a Online $99.00 Info ⁄ Buy Now

What you get with ProSchools' SAFE Mortgage Loan Originator Test Prep

1. Hundreds of online practice questions with explanations and score tracking
2. Lessons on NMLS exam topics in easy-to-read and printable formats
3. Multi-media chapter reviews
4. Knowledge building exercises for the loan originator exam
5. Exam prep tips and strategies

Oklahoma Mortgage Loan Originator Requirements
With the passing of Senate Bill No. 1062, the requirements to be a loan originator are:

1. Complete 20 hours of NMLS-approved prelicense education. All mortgage loan originators, officers and owners who have not taken CE in the past will need to complete all 20 hours of NMLS-approved education. Anyone who has taken CE in the past will need to make sure they have taken at least 20 hours of education to meet the new requirement.
2. 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.
3. 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. The Oklahoma component will not be available until April 2010.
4. Register with the Nationwide Mortgage Licensing Registry (NMLS).

To permit an orderly transition to the new Oklahoma loan originator licensing requirements, the deadlines to meet the new licensing requirement are:

1. New applicants as of July 1, 2009 must complete the education, pass the SAFE Mortgage Loan Originator Tests and background and credit check must be completed by July 31, 2010.
2. Existing licensees as of June 30, 2009 must complete the 20 hours of NMLS-approved education by July 31, 2010, unless the licensee completed at least 20 hours of state-approved education by August 1, 2009. The SAFE Mortgage Loan Originator Tests, background and credit check must be completed by July 31, 2010.

SAFE Mortgage Loan Originator Test Information

The SAFE Mortgage Loan Originator Test consists of two separate exams called "components":

1. 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%)
2. Unique state component. (45-60 questions): The Oklahoma component will not be available until April 2010.

To schedule and take an exam you must:

1. Create an account in NMLS. Anyone seeking a license must have or create an account in NMLS prior to enrolling.
2. 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.
3. Study for the exam. Note: You are not required to complete your prelicense education prior to taking the exam!
4. Schedule your exam through either Prometric or Pearson VUE. The test is administered at nearly 500 locations nationwide.
5. Arrive at the test center 30 minutes prior to your appointment with current government-issued ID that contains a photo and signature.