Michigan NMLS-Approved Mortgage Continuing Education

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

Our NMLS-approved Michigan mortgage loan originator (MLO) CE courses help you stay licensed and compliant. Our Michigan 8-hour mortgage SAFE comprehensive course is designed specifically for Michigan mortgage loan officers and is offered as an online, self-paced or audio course. 

8 Hour SAFE Comprehensive: Maintaining Mortgage Industry Awareness

SKU : 4303US19000A00

Credit Hours | 8

Category | Comprehensive


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!

Michigan Mortgage License Requirements

Learn about the Michigan mortgage education requirements for mortgage licensing.

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

  1. Complete a Criminal Background Check (CBC).
  2. Fingerprints will be submitted through NMLS for FBI criminal background check.
  3. Criminal background check results will be available to the State.
  4. The criminal background check fee is $36.25.
  5. Authorize a credit report through the NMLS including the credit report fee is $15.
  6. Fulfill all state and federal education requirements as designated by your state agency.
  7. Take and pass a National Test.
  8. Surety Bond: Applicants must provide a surety bond. There are two surety bond options:
  9. Individual MLO Surety Bond – form FIS-2135
  10. Company MLO Surety Bond – form FIS-2137

Each bond form is located on agency website www.michigan.gov/difs and includes specific instructions for completion, including coverage amounts.

Michigan 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
  • 10 hours of electives
  • 2 hours of Michigan state-specific education

Michigan 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.

Michigan Mortgage Licensing:

NMLS Resources:

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