Continuing Education Classes for Mortgage Loan Originator License Renewal
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If you want to become a loan officer, you can complete the necessary training online. there are many online mortgage loan officer training courses to choose from. Some may offer better options for you than others.
Of course, you want to make sure the option you choose offers a course approved by your state. Since state requirements can vary, so can these courses. Let's look at some of the top providers to help you decide.
Top 7 Online Mortgage Loan Officer Training Courses
1. Affinity MLO Training Academy
Known as a top online option for mortgage loan officer training, Affinity provides everything you need. You can become an NMLS-licensed professional through their online training. The course was created by a woman that aced the MLO exam and has years of experience in real estate and mortgages.
When you choose Affinity MLO Training Academy, you will gain access to all the courses you need. They offer the following online mortgage loan officer training courses:
- Online 10-day Instructor-Led 20HR NMLS Pre-Licensing Course – Complete your course in just 10 days with this online option for $345.
- Online 5-day Instructor-Led 20HR NMLS Pre-Licensing Course – Accelerate your path to becoming a mortgage loan officer with this course for $345.
- Live Webinar NMLS 20HR Pre-Licensing Course – This offers a great option for those looking for a live course. Prices vary.
- Live Webinar NMLS Exam Prep Course – An excellent option when you want to prepare for the exam. Prices vary.
- Online NMLS Exam Test Prep Master Level Course – For $260, you get the step-by-step course you need to make sure you pass the national exam the first time.
Along with these NMLS courses, Affinity also offers continuing education options and many other options. They have a variety of courses for your online mortgage loan officer training.
Pros & Cons of Affinity
Pros
- Excellent teacher for the courses
- Flexible pricing to make it more affordable
- Provides multiple formats for students to choose from
- Offers additional training and continuing education courses
Cons
- Doesn't offer a mobile-friendly option
The benefits of choosing Affinity for your online mortgage loan training course outweigh the cons. There are many good reasons to use this provider and you probably won't find better video tutorials from any other course.
2. Online Ed
Offering many state-specific courses, Online Ed provides very effective options for mortgage loan officers. If you're looking for good online training, this might be the right choice for you.
Online Ed provides affordably priced online mortgage loan officer training courses. You can gain full certification as a mortgage loan officer through their training.
They offer everything you need in your state. For example, if you live in Florida, they offer the pre-licensing education course, along with the two-hour FL SAFE mortgage lending laws course. Each package includes:
- Online materials
- Video and audio options
- Q&A webinars
- A printable certificate
- Test simulator
- Test-taking strategy webinar
- Online flashcards
- A PDF and EPUB eBook
- And more!
When you choose Online Ed for your online mortgage loan officer training course, you will get everything you need to become certified. The cost will vary from one state to another, but it's very affordable.
Pros & Cons of Online Ed
Pros
- An affordable option with state-specific choices
- Offers a large catalog of courses compared to other options
- Provides an online option for MLO training
Cons
- Doesn't offer a guarantee
Overall Online Ed is one of the better choices when it comes to your online mortgage loan officer training course.
3. OnCourse Learning
For more than four decades, OnCourse Learning has been offering distance education. They have a ton of experience in the education field and offer excellent online mortgage loan officer training.
When you need to complete the required 20 hours of education, they offer a very accessible option. The materials in the course are clear and easy to understand. It doesn't matter if you're a beginner or already experienced in mortgages, this course will work for you.
OnCourse Learning offers the 20 Hour SAFE Comprehensive Applying Mortgage Knowledge and Exam Preparation Course in a few different formats:
- Webinar with a Physical Book for $459
- Webinar with an eBook for $419
- 7-Day Online Instructor-Led for $309
- 14-Day Online Instructor-Led for $309
They also offer the Mortgage Exam Prep Suite for $199 with Prep xL Personalized Learning.
These options are often discounted quite a bit with a promotion code for up to 25% off. You might also find a few in-person courses available in select states from this mortgage loan officer training option.
Pros & Cons of OnCourse Learning
Pros
- Some In-person instruction
- Webinars for a classroom experience online
- Multiple options for online instructor-led courses
- The content is very relatable
Cons
- Might be a bit higher priced than other options
- No self-paced option
There are many benefits to using OnCourse Learning for your online mortgage loan officer training course. For most people, this will be a good choice to become a mortgage loan officer.
4. CompuCram
Another option for your online mortgage loan officer training course is CompuCram. They offer a full set of exam prep options and have helped more than 500K students. All of their courses are web-based online courses with self-paced options.
Currently, they only offer one online mortgage loan officer training course. It's the SAFE Mortgage Loan Originator Test Prep Option. The cost is $149 and the course provides everything you need to pass the NMLO exam.
When you choose this option, you will get:
- Interactive flashcards for vocabulary
- Dynamic practice tests
- Pre-assessment to help figure out your strengths and weaknesses
- Unlimited practice exams
- 180 days of access
This test prep option is mobile-friendly and up-to-date. Its' available in most states and offers a good option, if you're trying to prepare for the exam.
Pros & Cons of CompuCram
Pros
- Mobile-friendly and works on all devices
- Very affordable at less than $200
- Unlimited practice exams
Cons
- Only a test prep option and not the full course
- The lessons are not the best and don't provide a great walkthrough
This isn't the top choice on the list for a reason, but CompuCram does offer a decent test prep option for mortgage loan officers.
5. Loan Officer School
With more than 20 years of experience, Loan Officer School offers a good option for your training. If you want to become a mortgage loan officer, they have the right courses for you. They are an approved NMLS course provider with experienced instructors.
Choose to take the 20-hour course in a webinar format or with an instructor-led online option. Both are $379. You can also choose a live classroom option for $429. This option will help you complete the course in just two days.
All courses also include the NMLS test preparation online video course. This seven-hour course will help you to prepare for the test. It comes with two 100-question practice exams and plenty more.
Pros & Cons of Loan Officer School
Pros
- Save time with the classroom option
- Good test prep course with plenty of material
- Affordable options
Cons
- A bit of a bare-bones type of course
- Not many resources
Loan Officer School is a decent choice, especially if you're looking for just the basics.
6. Learn Mortgage
Offering both online and live mortgage loan training options, Learn Mortgage provides everything you need. They have provided training for mortgage loan officers all across the country.
Learn Mortgage is a part of Hondros Education Group. They have over 50 years of education experience in the online and distance learning category.
The courses offered by Learn Mortgage vary by state. However, they do offer the 20-hour course in most states with multiple packages. Learn Mortgage also offers CompuCram exam prep with many of their packages.
Packages include:
- 20-hour 7-day package – $448
- 20-hour 14-day package – $448
- 20-hour 7-day package + CompuCram – $597
- 20-hour 14-day package + CompuCram – $597
The cost is often discounted quite a bit and does vary from one state to another. Courses are offered in a webinar format and you will need to select a scheduled time.
Pros & Cons of Learn Mortgage
Pros
- Webinar format for easy learning
- Offers test prep from CompuCram
Cons
- Doesn't offer any other format
- It may not be compatible with mobile devices
Learn Mortgage is a solid option for online mortgage loan training.
7. Allied Schools
If you're looking for a fully-approved school in every state, Allied Schools might be the right option for you. They provide courses designed for professionals and specialize in mortgage loan officer training. Classes remain up-to-date with the most current information.
The package options are very similar to Learn Mortgage. Allied Schools also uses CompuCram exam prep. All courses are offered in a webinar format, as well.
There are plenty of online mortgage loan officer training courses to choose from. Make sure you choose an option that fits with the way you learn and offers the test prep materials you need. All of these options are highly rated, but they are also different. Compare the options to choose the one that fits best for you.
Jordan Fabel
Covering different 'paths' that people's lives can take. Creative, foster parent, ticket dismissal, you get the idea. Exploring the requirements, certifications, exams, and obviously, approved courses along each path. I, personally, am the high school dropout son of two teacher parents. So how did I get here? That story is coming soon!
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