Get Your Montana NMLS Mortgage License

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

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

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

20 Hour MT SAFE Comprehensive: Montana Applying Mortgage Knowledge to Exam Preparation (OIL)

Format | Online Instructor-Led

Credit Hours | 20

Category | Comprehensive

SKU | 4301MT00000C00

$349.00

More Info

20 Hour MT 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 Montana law.

2 Hour MT SAFE Review of Montana Mortgage Law (OIL)

Format | Online Instructor-Led

Credit Hours | 2

Category | Elective

SKU | 4309MT00450C00

$89.00

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2 Hour MT SAFE Review of Montana Mortgage Law provides a review of the laws that impact mortgage activities in Montana. In Module 1, students will spend one hour reviewing the Montana Mortgage Act and the Montana Mortgage Broker and Loan Originator Licensing Administrative Rules. Students will examine the authority of the Division of Banking and Financial Institutions, definitions important for understanding the law, and information on license qualifications and the application process. In Module 2, students will spend the second hour of the course continuing to review the Montana Mortgage Act and the Montana Mortgage Broker and Loan Originator Licensing Administrative Rules. Students will become familiar with required and prohibited conduct for licensees, as well as the disciplinary action that may be taken when violations have occurred. This online - instructor led course meets the 2-hour Montana-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 Montana 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

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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, plus exam prep tools to help you pass your NMLS license exam. With over 50 years of experience, we are proud to offer the ultimate learning experience no matter where you are at in your mortgage education journey.

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

Montana Mortgage License Requirements

Montana Mortgage License Requirements
Learn about the Montana mortgage education needs and additional requirements for mortgage licensing. 
In the state of Montana, mortgage loan originators are required to:

  1. Complete a civil and 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 a National Test.
  5. Sponsorship: Mortgage loan originators may not be employed by, or perform mortgage origination activities for, more than one Montana entity licensee simultaneously. A sponsorship request must be submitted by an approved mortgage broker or lender before the license will be fully approved. If the originator is not currently employed by an approved mortgage broker or lender, the application will be placed into an “Approved-Inactive” status until sponsored.
  6. Experience: Designated managers must have 3 years of experience.
  7. Bond amount: (Bond may be carried by the employer of the mortgage loan originator)
    • $25,000 for a combined annual loan production that does not exceed $50 million per year.
    • $50,000 for annual loan production of $50 million but not exceeding $100 million per year.
    • $100,000 for annual loan production of more than $100 million per year.
  8. Fee: $430 (includes the NMLS fee).

Montana 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 Montana state-specific education

Montana 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 Montana state-specific 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.

Montana Mortgage Licensing: More Information 
Montana Division of Banking and Financial Institutions
Phone: 406-841-2920
Email: mortgagelicensing@mt.gov 
Website: www.banking.mt.gov

NMLS Resources:
To view the Montana 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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