Pass the SAFE Mortgage Loan Originator Test with ProSchools' Exam Prep
Prepare for your SAFE Mortgage Loan Originator Test with ProSchools' powerful National and Rhode Island 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.

Rhode Island Loan Originator NMLS Exam Prep Title (click for details) Hours Format Price   Complete SAFE Loan Originator Test Prep (National + RI State) n/a Online $149.00 Info ⁄ Buy Now National SAFE Loan Originator Test Prep n/a Online $99.00 Info ⁄ Buy Now Rhode Island State SAFE Loan Originator Test Prep n/a Online $79.00 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

Rhode Island Mortgage Loan Originator Requirements
Rhode Island Loan Originators must do the following:

1. Complete at least 20 hours of approved prelicense education.The education must include a minimum of 3 hours of Rhode Island law, 3 hours of federal law, 3 hours of ethics and 2 hours related to nontraditional mortgage products.
• Anyone that has taken at least 20 hours of state-approved education will be eligible to have their education certified as having fulfilled the prelicense education requirement.
• Anyone that has taken less than 20 hours of state-approved education must complete the remaining hours in state-approved courses by November 30, 2009 in order to have their hours certified by the state as having fulfilled the prelicense education requirement.
• As of December 1, 2009 only NMLS-approved courses will be accepted to meet MLO education requirements.
2. Pass a national background check and authorize a credit report through NMLS by June 1, 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.
4. 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":

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. Rhode Island component (60 questions with 50 scored and 10 unscored): The exam will cover: 1) Rhode Island Department of Business Regulation Division of Banking (5%); 2) State law and regulation definitions (10%); 3) License law and regulation (20%); 4) Compliance (55%); 5) Disciplinary action (10%)

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.