Get Your Michigan NMLS Mortgage License

Become a Michigan loan officer with the mortgage educator you can trust

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Choose from these Michigan mortgage education courses to get your NMLS license

Start your Michigan mortgage broker career with confidence with our NMLS-approved mortgage courses. Be prepared for the Michigan mortgage loan originator NMLS exam with our 20-hour Michigan SAFE course. This comprehensive course meets the SAFE Act mortgage pre-license education requirements for new mortgage loan officers. 

20 Hour MI SAFE Comprehensive: Michigan Applying Mortgage Knowledge to Exam Preparation (OIL)

Format | Online Instructor-Led

Credit Hours | 20

Category | Comprehensive

SKU | 4301MI00000C00

$349.00

More Info

20 Hour MI SAFE Comprehensive Applying Mortgage Knowledge to Exam Preparation is a test-focused mortgage pre-licensing course, organized to review topics specifically outlined in the National Mortgage Loan Originator Test Content Outline. This course meets the federal mortgage training requirements found in the SAFE Act and helps to prepare students for the National Mortgage Loan Originator Test. This MLO pre-licensing online course also satisfies the required 2 hours of Michigan law.

2 Hour MI SAFE Review of Michigan Mortgage Law (OIL)

Format | Online Instructor-Led

Credit Hours | 2

Category | Elective

SKU | 4309MI00450C00

$89.00

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2 Hour MI SAFE Review of Michigan Mortgage Law provides a review of the laws that impact mortgage activities in Michigan. In Module 1, students will spend one hour reviewing the Mortgage Loan Originator Licensing Act and the Mortgage Brokers, Lenders, and Servicers Licensing Act. Students will review definitions, information on license qualifications, compliance issues, and other important topics under each of the laws. In Module 2, students will spend 30 minutes reviewing the Secondary Mortgage Loan Act, and the remaining 30 minutes examining the provisions of the Consumer Finance Services Act, the Consumer Mortgage Protection Act, and the Mortgage Lending Practices Act. Like Module 1, students will examine definitions, licensing qualifications, and various issues related to compliance and the authority of the Commissioner to ensure all persons covered under each of the Acts is adhering to the law. This online - instructor led course meets the 2-hour Michigan-specific pre-licensing education requirement for loan originators and offers a thorough review of the information and laws that license applicants must understand in order to make, broker, or originate loans in compliance with Michigan law.

PLATINUM: Mortgage Exam Prep Suite with Prep xL Personalized Learning

Format | Online Self-Paced

Category | Exam Prep

SKU | national-nmls-mortgage

$199.00

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Take your Mortgage License Exam Prep to the next level with personalized learning!

This online Platinum Mortgage Exam Prep Suite includes Prep xL Personalized Learning, a sophisticated mortgage exam prep tool for anyone that is preparing to take their mortgage license exam. It leverages personalized learning technology to tailor study materials and create customized learning paths to help ensure you pass the NMLS mortgage exam on your first try! Perfect for individuals who have limited experience in the mortgage industry and need to pass the NMLS mortgage exam.

This package includes:

- NMLS Exam Test-Taking Tips

- SAFE Mortgage Loan Originator National + UST Content Material

- OVER 1200 questions

- Eight Simulated Exams

- OVER 800 Interactive Flashcards

- Personalized Dashboard

- Real-time Reports

- Mobile Compatible

NOTE: This is not an NMLS-approved course and will not satisfy the pre-license education requirements.

GOLD: Mortgage Exam Prep Suite

Format | Online Self-Paced

Category | Exam Prep

SKU | 4304US00050A00

$169.00

More Info

Gain confidence in taking the rigorous NMLS exam!

This online mortgage license package is designed for individuals who have some experience in the mortgage industry, and need to pass the NMLS mortgage license exam. It includes comprehensive tools including test-taking tips, comprehensive content and over 375 practice questions.

This online mortgage license exam prep package includes:

- NMLS Exam Test-Taking Tips

- SAFE Mortgage Loan Originator National + UST Content Material

- 375 practice questions

NOTE: This is not an NMLS-approved course and will not satisfy the pre-license education requirements.

 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

Michigan Mortgage License Requirements

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

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

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

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

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: More Information

Michigan Department of Insurance and Financial Services

Phone: 877-999-6442

Email: difs-fin-info@michigan.gov

Website: www.michigan.gov/difs  

 NMLS Resources:

To view the Michigan 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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