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Texas 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 Texas 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
Texas Department of Savings and Mortgage Lending Loan Originator Requirements
The Texas Secure and Fair Enforcement for Mortgage Licensing Act requires all individuals acting as residential mortgage loan originators, independent contractor loan processors and underwriters to be licensed.
Mortgage Banker, FSC, CUSO, Auxiliary and Independent LP and Underwriter RMLO's must do the following to be licensed:
- Complete a minimum of 20 hours of approved prelicense education.
- New applicants on or after April 2, 2010 must complete 20 hours of NMLS-approved education prior to filing a MU4 in NMLS.
- Existing licensees must complete 20 hours of NMLS-approved education, or be able to have certified Texas SML approved education prior to transitioning to NMLS beginning April 2, 2010.
- All licensees must submit fingerprints through NMLS for a criminal background check at time of filing form MU4 in NMLS.
- All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
- 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. The deadlines to pass the National and Texas components of the test are:
- Existing licensees licensed on or before July 31, 2009 must pass the National component prior to renewing their license for 2011.
- Existing licensees licensed on or after August 1, 2009 and all new applicants must pass the National component prior to filing a MU4 in NMLS beginning April 2, 2010.
- Existing licensees and new applicants must pass the Texas component or be able to have the Texas MB/LO examination certified prior to filing a MU4 in NMLS beginning April 2, 2010. The Texas component of the SAFE MLO Test will be available August 16, 2010. Once the Texas component of the SAFE MLO Test is available the Texas MB/LO Examination will no longer be available.
- Register with the Nationwide Mortgage Licensing Registry (NMLS)
- File a Form MU4 through NMLS with the Texas SML between April 2, 2010 and May 31, 2010.
Mortgage Company RMLO's (formerly known as Mortgage Brokers and Loan Officers) must do the following to be licensed:
- Complete the education requirements. The education requirements for Mortgage Company RMLO's is:
- New applicants on or after July 1, 2010 must complete 60 hours of NMLS-approved education or complete 30 hours of NMLS-approved education and demonstrate 18 months of industry experience prior to filing a MU4 in NMLS.
- Existing licensees must complete 20 hours of NMLS-approved education, or be able to have certified Texas SML approved education prior to transitioning to NMLS beginning July 1, 2010.
- All licensees must submit fingerprints through NMLS for a criminal background check at time of filing form MU4 in NMLS.
- All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
- 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. The deadlines to pass the National and Texas components of the test are:
- Existing licensees licensed on or before July 31, 2009 must pass the National component prior to renewing their license for 2011.
- Existing licensees licensed on or after August 1, 2009 and all new applicants must pass the National component prior to filing a MU4 in NMLS beginning April 2, 2010.
- Existing licensees and new applicants must pass the Texas component or be able to have the Texas MB/LO examination certified prior to filing a MU4 in NMLS beginning April 2, 2010. The Texas component of the SAFE MLO Test will be available August 16, 2010. Once the Texas component of the SAFE MLO Test is available the Texas MB/LO Examination will no longer be available.
- Register with the Nationwide Mortgage Licensing Registry (NMLS).
- File a Form MU4 through NMLS with the Texas SML between April 2, 2010 and May 31, 2010.
SAFE Mortgage Loan Originator Test Information
The SAFE Mortgage Loan Originator Test consists of two separate exams called "components". The national component is available now and the Texas component is available as of August 16, 2010.
- 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%)
- Texas state component (60 question with 50 scored and 10 unscored): The exam will cover: 1) Texas Office of Consumer Credit Commissioner and the Texas Department of Savings and Mortgage Lending (5%); 2) Texas law and regulation definitions (10%); 3) Texas license law and regulation (20%); 4) Compliance (45%); 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 21-day course fulfills the 20 hours of prelicense education required under the SAFE Act. ProSchools' 21-day session is our most popular option. A new session begins every Tuesday and allows you a full 21 days to complete your coursework. A list of available sessions appears when you click Buy Now. Course includes all mandatory hours for federal law, ethics, and non-traditional mortgage products. Plus, when you purchase the NMLS-approved course a separate test prep tool to help you pass the Texas Component of the SAFE MLO Test is added for no charge. A $30 mandatory NMLS-Banking fee will be added at checkout, the fee covers NMLS administration of your records.