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Washington 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 Washington 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
Washington Mortgage Loan Originator Registration Requirements
As Washington implements the requirements of the federal SAFE Act, the requirements to apply for a Washington Loan Originator (LO) license will change as follows:
Loan Originator application submitted by July 30, 2009:
Loan Originator application submitted on or after July 31, 2009:
- Complete a Form MU4 via the Nationwide Mortgage Licensing System (NMLS), including paying a licensing fee.
- 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 one fingerprint card.
- Complete 20 hours of NMLS approved prelicense education by December 31, 2009. The education must include at a minimum 3 hours of federal law, 3 hours of ethics, 2 hour related to nontraditional mortgage products, and 2 hours of Washington law.
Loan Originator application submitted on or after January 1, 2010:
- Complete a Form MU4 via the Nationwide Mortgage Licensing System (NMLS), including paying a licensing fee.
- 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 one fingerprint card.
- Complete 20 hours of NMLS approved prelicense education by December 31, 2009. The education must include at a minimum 3 hours of federal law, 3 hours of ethics, 2 hour related to nontraditional mortgage products, and 2 hours of Washington law.
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%)
- Washington component (60 questions with 50 scored and 10 unscored): The exam will cover: 1) Washington Department of Financial Institutions (5%); 2) State law and regulation definitions (10%); 3) License law and regulation (20%); 4) Compliance (50%); 5) Disciplinary action (10%); 6) Washington Unique State Test Areas (5%)
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, Non-traditional Mortgage Products, and 2 hours of mandatory Washington law. 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 Washington SAFE Mortgage Originator Tests.