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Assessing Income for Salary and Hourly Employees ~ E3

SKU 4306US00825A00

Format: Online Self-Paced

Category: Professional Development

$49.00
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Accurately calculating borrower income is a key component of the qualification process. This course educates students on the collection and review of income documents for hourly or salaried borrowers, as well as some red flags to consider when analyzing these documents.

8 Hour National Exam Prep (Webinar)

SKU 4304US00150G00

Format: Webinar

Category: Exam Prep

$149.00
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This instructor-led exam review covers National NMLS exam content, including tips and practice questions from an expert who has taken the exam previously. Students also have the opportunity to ask questions regarding the mortgage license exam.

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California DRE Mortgage License Requirements

Learn about the California (DRE) mortgage education requirements for mortgage licensing.

In the state of California, mortgage loan originators, under the Department of Real Estate (DRE), are required to:

    1. Complete a Criminal Background Check (CBC).
    2. Authorize a credit report through the NMLS that demonstrates financial responsibility.
    3. Fulfill all state and federal education requirements as designated by your state agency.
    4. Take and pass the National Component.

California (DRE) NMLS Pre-Licensing Education Requirements:

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:

  • 3 hours of federal law
  • 3 hours of ethics
  • 2 hours of non-traditional mortgage lending training
  • 12 hours of electives

California (DRE) Continuing Education Requirements:

State-licensed MLOs are required to complete 8 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:

  • 3 hours of federal law
  • 2 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 1 hour of electives

MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.

California (DRE) Mortgage Licensing:

  • California Department of Real Estate
  • Phone: 877-373-4542
  • Website: www.BRE.ca.gov

NMLS Resources: