What are the continuing education requirements?
Both mortgage brokers and loan officers are required to take during the term of the license 15 hours of education, including at least 8 hours of Core training.

What courses are approved for Core?
Core content focuses on RESPA, TILA, ECOA, the Mortgage Broker License Act & regulation, compliance issues, loan origination related to math, predatory lending, and deceptive trade practices. All of ProSchools courses are approved in Core content.

Can I take online classes for my continuing education requirement?
Mortgage brokers and loan officers may take continuing education courses through online or correspondence courses.

Can I carry over continuing education hours from one renewal period
to the next?
No.

Can loan officer applicants apply for a new license or renew an existing license without a sponsoring mortgage broker?
An individual applying for a loan officer license or renewing a loan officer license can submit an application without a sponsoring mortgage broker and be approved as a inactive licensee. An inactive license is good for the full two year term. An inactive loan officer can not conduct loan origination or perform any other service requiring a license.

Do inactive licensees still need to comply with the continuing education requirements and renew the license?
Yes. Inactive licensees must comply with the continuing education requirements and renew the license prior to the expiration date.

Visit our catalog for a list of online courses to renew your license..