Illinois NMLS-Approved Mortgage Continuing Education

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Choose the Illinois NMLS-approved mortgage continuing education course that is right for you

Our NMLS-approved Illinois mortgage loan originator (MLO) CE courses help you stay licensed and compliant and are specifically designed for Illinois mortgage loan officers.  We offer comprehensive and core courses as video or online self-paced.

8 Hour SAFE Comprehensive: Understanding Origination Regulations Video CE

Format | Online Self-Paced

Credit Hours | 8

Category | Continuing Education

SKU | 4303US19140A00

$139.00

More Info

Understanding Origination Regulations provides a review of relevant issues facing mortgage loan originators today, specifically those outlined by NMLS as required topics for continuing education. Students will examine provisions of the TILA-RESPA Integrated Disclosure Rule, including a look at the Loan Estimate and Closing Disclosure, as well as several laws that reinforce ethical obligations of mortgage licensees like Regulation N and the Bank Secrecy Act. Students will also review rules for the origination of FHA and VA loans.

8 Hour SAFE Comprehensive: Maintaining Mortgage Industry Awareness (Online)

Format | Online Self-Paced

Credit Hours | 8

Category | Comprehensive

SKU | 4303US19000A00

$129.00

More Info

Maintaining Mortgage Industry Awareness provides a review of relevant issues facing mortgage loan originators today, specifically those outlined by NMLS as required topics for continuing education. Students will examine provisions of the Truth-in-Lending Act, the TILA-RESPA Integrated Disclosure Rule, and the Qualified Mortgage Rule, including issues related to considering the triggers, tolerances, and thresholds that enable loan originators to determine when disclosures are due and what information is required. In addition, students will take a look at the Real Estate Settlement Procedures Act, specifically rules related to lead agreements, marketing services agreements, co-marketing, desk licensing agreements, and affiliated business arrangements. Students will also review several nontraditional mortgage products, such as adjustable-rate mortgages and fixed-rate mortgages with terms of 15 and 40 years.

 Your Success is Our #1 Priority

OnCourse Learning empowers aspiring mortgage loan originators and seasoned mortgage loan officers to take their learning experience to the next level. Get and maintain your NMLS license with:

  • NMLS-approved mortgage pre-licensing, continuing education and late CE courses
  • Exam prep tools to help you pass your NMLS license exam
  • Over 50 years of mortgage education experience

We’ve helped over 300,000 mortgage brokers begin and advance their careers. Get started today!

Illinois Mortgage License Requirements

Illinois Mortgage License Requirements

Learn about the Illinois mortgage education needs and additional requirements for mortgage licensing.

In the state of Illinois, mortgage loan originators are required to:

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

Illinois NLMS 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

NOTE: PE education must be completed within 3 years of new or subsequent license application

Illinois 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.

Illinois Mortgage Licensing: More Information

Illinois Department of Financial and Professional Regulation
Phone: 800-532-8785
Email: FPR.LOANORIGINATOR@Illinois.gov 
Website: www.idfpr.com

NMLS Resources:

To view the Illinois MLO License Description Page, please click here 
Professional Standards: Mortgage Education – click here 
Professional Standards: Criminal Background Check – click here 
Professional Standards: Credit Report – click here 
Professional Standards: Mortgage Education – click here 
Professional Standards: MLO Testing – click here

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