1.  Courses are live in person or online via webinars

     2.  State specific material included (now State of Virginia)

     3.  Additional quizes included in class

     4.  Knowledge building exercises

     5. Exam questions with explanations

Virginia Mortgage Loan Originator Requirements

 Virginia Loan Originators must do the following:

     1.  Complete 20 hours of MNLS approved education. The education must include a minimum of 3 hours of federal law and regulations, 3 hours of ethics, and 2 hours related to lending standards for nontraditional mortgage product marketplace.

     2.  Pass a national background check.

     3.  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.

     4.  Register with the National Mortgage Licensing Registry (NMLS).

SAFE Mortgage Loan Originator Test Information

The SAFE Mortgage Loan Originator Test consists of two separate exams called "components":

     1.  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%)

     2.  Virginia component (60 questions with 50 scored and 10 unscored): The exam will cover: 1) Virginia Bureau of Financial Institutions (5%); 2) State Law and Regulation Definitions (15%); 3) License Law and Regulation (20%); 4) Compliance (50%); 5) Disciplinary Action (10%)

To schedule and take an exam you must:

     1.  Create an account in NMLS. Anyone seeking a license must have or create an account in NMLS prior to enrolling.

     2.  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.

     3.  Study for the exam. Note: You are not required to complete your prelicense education prior to taking the exam!

     4.  Schedule your exam through either Prometric or Pearson VUE. The test is administered at nearly 500 locations nationwide.

    5.  Arrive at the test center 30 minutes prior to your appointment with current government-issued ID that contains a photo and signature.