NMLS Provider ID: 1400435


Mortgage Loan Originator Course teaches how to facilitate the home lending process by seeking potential clients and helping them apply for a loan.

Start a career helping people obtain the necessary financing to purchase their first home or dream home. This is the mortgage lending career.  Buying a home can be one of the most exciting, yet overwhelming, times in a person's life. By gathering and evaluating information on your clients' current financial status and explaining the features and benefits of the different loan programs available, you will ensure they select the programs that are best for their situations. We can prepare you with the information you will need to become a loan officer and later become a mortgage broker.

New York mortgage Loan Originator’s will need to complete 20 hours of NMLS-approved education, including 3 hours of New York Mortgage Law, pass both the National and New York Components of the SAFE Mortgage Loan Originator Test and meet new bonding requirements over the next year.

Special Notice Regarding NMLS ID Numbers

The ONLY way individuals can be deemed compliant with pre-licensure or continuing education requirements is to have their course completions recorded on their Course Completion Record through NMLS. Accordingly, all MLO’s must have a unique NMLS ID number in order to have their course completions recorded in NMLS. There are no exceptions to this rule, and the only way to record a course completion is through credit banking.

MLO candidates who do not know what their NMLS ID number is can create one using the instructions available in the NMLS Resource Center at:

Login into NMLS

Class schedule: 8-19-2010 from 9:30 AM to 5:30 PM
8-15-2010  and 8-16-2010 from 1:30 PM - to 7:30 PM

Demand for housing and mortgage loans:

* Loan counselors differ from loan officers in that they specialize in helping individuals who have had problems qualifying for a traditional loan.
* According to the U.S. Census Bureau, the rate of  homeownership in the United States has grown to 68%.
* In addition to helping their clients obtain financing  for the purchase of a new home, loan officers also help  their clients to refinance existing loans.

Mortgage Lending Industry Facts:

1. How long will it take to get started?

When starting out, you will benefit from taking several weeks to several months of specialized mortgage industry courses to prepare you for this career. Once you have completed your coursework,you will be ready to take and pass the required mortgage loan officer school exam.

2. Will I be able to find a job?

People will continue to purchase new homes and refinance existing homes, ensuring there always will be a demand for qualified mortgage loan officers. Additionally, you may choose to focus on an area such as loan counseling and specialize in obtaining loans for those who have been previously turned down for a mortgage.

3. How much will I work each week?

A career as a loan officer will allow you some flexibility in determining your work hours. As a full-time loan officer you will work 40 to 50 hours or more per week and your schedule will often include evening and weekend hours based on the needs of your clients. The more you work, the more successful you will be.

4. How much money can I make?

As a loan officer, you will have control over your income and nearly unlimited earning potential. You will earn a commission for each loan you secure for a client and may also earn a small salary and/or be eligible to earn a bonus. The more clients you obtain home loans for, the greater your income.

The Mortgage Lending Career choice is very popular.

These are the facts according to the US Department of Labor's national statistics:

* Average income: $43,210
* 255,000 jobs in 2002
* 28,000 annual openings
* 4.9% job growth rate
* 7.2% work part-time