New Jersey NMLS-Approved Mortgage Continuing Education

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

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

2 Hour SAFE Elective: Underwriting and Risk Analysis for Conventional Loans

SKU : 4303US19250A00

Credit Hours | 2

Category | Elective

$44.00

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Underwriting is the risk assessment step of a residential mortgage transaction. It gives lenders that make home loans and the investors that purchase them the opportunity to complete an analysis of the risks associated with offering mortgage credit to a particular loan applicant. This course will review the underwriting tools and practices used by loan originators in the early stages of a lending transaction to evaluate a consumer�s loan eligibility, as well as underwriting requirements established by federal lending laws and other guidelines followed by lenders known as credit overlays.

2 Hour NJ SAFE: New Jersey Mortgage Law Updates

SKU : 4303NJ19500A00

Credit Hours | 2

Category | Elective

$44.00

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This course will focus on the laws and rules that regulate mortgage loan originators doing business in New Jersey. Throughout this course, students will review fictionalized scenarios based on real regulatory decisions made by the Department of Banking and Insurance in recent months, paired with a discussion of the relevant sections of New Jersey law and regulations. In Module 1, students will review standards for obtaining and maintaining a license, disclosures, fees and charges, and advertising. In Module 2, students will look at prohibited conduct for licensees, prohibited actions for secondary and high-cost loans, and disciplinary action that may be taken when violations of the law occur.

12 Hour NJ SAFE Comprehensive: Maintaining Mortgage Industry Awareness

SKU : 4303NJ19000A00

Credit Hours | 12

Category | Comprehensive

$164.00

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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. Finally, students will review mortgage laws and regulations specific to the state of New Jersey. This course is NMLS-approved for twelve hours of continuing education required for New Jersey mortgage loan originators, as specified by the S.A.F.E. Mortgage Licensing Act and New Jersey law. Annual S.A.F.E. Act continuing education requirements for New Jersey loan originators include three hours of federal law, two hours of ethics, two hours of nontraditional mortgage lending, three hours of electives, and two hours of New Jersey-specific laws and regulations, for a total of twelve hours.

 

 

Your Success is Our #1 Priority

OnCourse Learning empowers aspiring mortgage loan originators (MLOs) 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
  • NMLS test prep tools to help you pass your NMLS license exam
  • Over 20 years of mortgage education experience

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

New Jersey Mortgage License Requirements

Learn about the New Jersey mortgage education requirements for mortgage licensing.

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

    1. Complete a state and federal 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. Satisfaction of character and fitness requirements.

New Jersey 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

8 hours of electives

  • 4 hours of New Jersey state-specific education

New Jersey Continuing Education Requirements:

State-licensed MLOs are required to complete 12 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
  • 3 hours of electives
  • 2 hours of New Jersey state-specific education

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.

New Jersey Mortgage Licensing: 

NMLS Resources: