Tag Archives: NMLS education

44% of Mortgage Loan Originators Still Need to Renew Licenses

(Jeff Sorg, OnlineEd) – The State Regulatory Registry, LLC (SRR), operator of the NMLS, announced today that as of November 30, 57.2 percent of licenses managed within the System have been submitted for renewal, and 63.9 percent of those requests have had their licenses approved.

Current renewal facts as of November 30, 2014:

  • 6,969, or 66 percent, of financial institutions have requested renewal;
  • 292,373, or 86 percent, of federal registrants have renewed;
  • 194,923, or 55.9 percent, state mortgage loan originator (MLO) licenses have been requested for renewal and 66.4 percent of those have been approved;
  • As a percentage of renewable licenses, the number of MLOs to request renewal is three percentage points higher than in 2013, and the approval rate of those requests has increased by 10 percentage points;
  • 79,701, or 65 percent, of state-licensed MLOs have completed annual continuing education; and
  • NMLS system enhancements to streamline the renewal process and recent changes to the NMLS Resource Center have resulted in a 20 percent decrease in volume to the call center.

In order to allow enough time for CE to be reported into the system and for the MLO to file for renewal, NMLS sets Smart Deadlines each year. These 2014 Smart Deadlines are:

  • SMART: Course(s) reported by your provider to NMLS by Friday, December 19
  • AT RISK TO MISS: Course(s) reported by your provider to NMLS by Friday, December 26
  • GUARANTEED TO MISS: Course(s) reported by your provider to NMLS on Wednesday, December 31



For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

  This article was published on September 18, 2014. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

Mortgage Loan Originator Late Continuing Education


 (Jeff Sorg, OnlineEd – Portland, OR) MLO licensees did not submit a renewal request prior to the December 31, 2012 deadline may have be able to request late renewal or reinstatement of their license.  However, not all state agencies participate in this reinstatement period.  For Mortgage loan originators (“MLOs”) who did not complete their (“CE”) requirements and who qualify will need to complete a late CE course between the reinstatement period from January 1, to February 28, 2013.  During this reinstatement period,  only those CE courses approved by NMLS as Late CE will meet this education requirement.  When the course is completed during the reinstatement period, the education credit is retroactively applied to 2012 for 2013 license renewal. In states that do not allow late CE the MLS must apply for a new license. In these states, the MLO is required to satisfy the CE requirement for the last year of active licensure as part of the new license application. It is important for MLOs to know all of their state requirements when navigating the late CE process.

Processing times for late CE are important to consider and should be calculated into the course completion deadline. A late CE course provider has 7 calendar days to report the course completion to the NMLS. The NMLS then takes up to 48 hours to process the completion after it is received from the provider. It then takes another 24 hours for a course completion to be recognized in NMLS and for their system to acknowledge the MLO as eligible for reinstatement. The safe bet is to complete Late CE not later than February 21, 2013.



For more information about OnlineEd® or to enroll in their courses, please visit their web site: www.OnlineEd.com

Which OnlineEd NMLS Approved Continuing Education Course Should I Take? (California)

(OnlineEd® – Portland, OR) – The SAFE Act requires a mortgage loan originator to complete a minimum of 8 hours of NMLS approved continuing education and renew their license each year on or before December 31st. A NMLS approved course provider has up to six days to report completed courses to NMLS and then the NMLS can take a couple days to process this upload. NMLS does not work weekends or holidays, so we recommend you complete your continuing education credits not later than the 3rd week of December.

At OnlineEd® we like to help you out whenever we can! In most cases, we are able to upload your education record to NMLS on the same or following business day you completed your training, depending on the time of day it was completed. Accuracy of your NMLS information you provide us with at enrollment is paramount to the successful uploading of your record. While we do what we can to expedite the whole credit banking process, NMLS has no tolerance for wrong NMLS ID numbers, names, or name and ID number mismatches. Please be sure to check your license for your licensed name and NMLS number and then enroll with us using that exact information. If you don’t have your license handy at the time of enrollment, go ahead and enroll, but be sure to shoot us a corrective email requesting us to update your account.

We also have three different course packages for you to choose from. We provide these different packages because we want to make sure you get the exact education you need, in the simplest way possible. Below are our NMLS approved courses along with a few sentences about which one would work best for your situation. If we provided your NMLS education last year, you are safe with us again this year! OnlineEd® writes and receives NMLS approval for a new course every year so you have no chance of taking the same course two years in a row.

 8 Hour SAFE Comprehensive: 2013 Originator Essentials – 8 HOURS

This course satisfies 8 hours of required National continuing education for mortgage loan originators.  Certain states may require additional credits for renewal.

Click HERE to learn more about this course.

EdPak S.A.F.E. – 2013 California DRE / NMLS Renewal Package (Complete Renewal Package) – 46 HOURS

If you are also a licensed real estate salesperson or broker in the state of California, then this is the package of courses  you want. It includes our National required 8-hours of NMLS approved education for mortgage loan originators, which is also approved for credit by the California BRE, as well as the necessary courses to renew your real estate salesperson or broker license. Licensees are able to complete the 8 hour NMLS continuing education before the deadline at the end of 2013 and then later complete the remaining courses for BRE credit. OnlineEd gives access to this package of courses for two years from the purchase date.

Click HERE to learn more about EdPak S.A.F.E.

8 Hour SAFE Comprehensive: 2013 Originator Essentials (For California Real Estate Licensees) – 8 HOURS

This course satisfies 8 hours of required continuing education for mortgage loan originators and California licensed real estate agents. Licensees who pass this course will receive credit for both the NMLS and the California BRE. This course is approved by both NMLS and California BRE.

Click HERE to learn more about this course.
OnlineEd® is California BRE Sponsor Number 4056
OnlineEd® is NMLS Provider 1400327
OnlineEd® NMLS Course ID Number 2941


For more information about OnlineEd®, please visit our web site: www.OnlineEd.com or give us a call at 1.866.519.9597. For information about NMLS and license renewal requirements, please visit the NMLS Resource Center.

OnlineEd Offers MLO Continuing Ed at CAMP Convention



(OnlineEd) – It’s time for Summer Camp! The California Association of Mortgage Professionals annual trade show will be happening in San Jose, CA on August 4-5, 2011.  The two-day event will include continuing education to cover both NMLS and California Department of Real Estate requirements.  The OnlineEd continuing education courses are approved by NMLS and the California Department of Real Estate for license renewal.

The OnlineEd 8-hour approved continuing education is scheduled for August 4th from 8:00 AM to 5:00 PM at the San Jose Marriott, located at 301 South Market Street in downtown San Jose, CA.  Seating at the facility is limited, and with advance registrations already nearing 200,  those who are interested in attending should also register in advance.  Early Bird, Full Conference, and Thursday Day Pass registrations for the convention each include the education at no additional cost.

For more information and to enroll in the convention, please visit the CAMP Web site at: http://ca-amp.org/news/summercamp.htm