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Quick and Convenient
With ProSchools' Utah Mortgage Officer Success Training course, you can quickly and conveniently satisfy Utah's mortgage officer education requirement. If you want the convenience of "anywhere learning" you'll want our popular online program!
Our comprehensive program, approved by the Utah Division of Real Estate, meets the state’s course requirement and includes exam prep FREE! This course makes learning fun with interesting lessons, multimedia reviews, interactive exercises, practices quizzes and finals. Plus, our Customer Support team and your instructor are always here to help you along the way.
Changes to Utah Mortgage Loan Originator Licensing
Due to the passage of the SAFE Act, many changes will occur that affect the licensing of new and current loan originators. The changes that will occur in 2009 and 2010 are:
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Existing Licensees |
New Licensees Until December 31, 2009 |
New Licensees As of January 1, 2010 |
| License Expiration |
All current licensees will expire 12/31/2010. Licenses will then be renewed annually. |
All current licensees will expire 12/31/2010. Licenses will then be renewed annually. |
Licenses are annual and expire 12/31 of each year. |
| Prelicense Education Requirements |
No additional education will be required for existing licensees. |
20 Hours of Utah-approved education will be required to get a license. |
20 hours of NMLS-approved education AND 40 hours of Utah-approved education. |
| Background Check Requirements |
Beginning in 2010, all licensees will be required to complete a background check every 3 years through the NMLS. |
Beginning in 2010, all licensees will be required to complete a background check every 3 years through the NMLS. |
All licensees will be required to complete a background check every 3 years through NMLS. |
| Testing Requirements |
By 12/ 31/ 2010 licensees will have to pass the National component of the SAFE MLO Test. The Utah component will not required. |
Licensees will have to pass a National exam and a Utah state exam. The national portion is registered for through the NMLS and the Utah portion is registered through Pearson VUE. |
1/1/2010 to 2/21/2010:
Licensees will have to pass a National exam and a Utah state exam. The national portion is registered for through the NMLS and the Utah portion is registered through Pearson VUE.
2/22/2010 and thereafter:
Pass the National and Utah components of the SAFE MLO Test. |
| Continuing Education Requirements |
14 hours of state-approved CE will need to be completed by 12/31/2010. Subsequent renewals will be require 8 hours of NMLS-approved CE. |
8 hours of NMLS or state-approved CE will need to be completed by 12/31/2010. Subsequent renewals will be require 8 hours of NMLS-approved CE. |
8 hours of NMLS or state-approved CE will need to be completed by 12/31/2010. Subsequent renewals will be require 8 hours of NMLS-approved CE. |
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