20 Hour NMLS Pre-Licensing Training For New Loan Originators
If calling after business hours please leave your contact # or e-mail address with our live answering service.
Our staff will contact you the next morning to answer your questions and assist you in registering for this training.
NMLS requires as a precondition of being licensed as a loan originator, that all individuals at a minimum take an approved 20 hour course of instruction and then pass a combined test referred to as the national test and the Unified State Test. Capstone is one of the few training institutes in the United Sates that offers this training in a live classroom environment with you and your instructor physically in the same classroom.
Next Training After March 3-4-5th Will Be April 7-8-9th
Future Training Date At Bottom Of Page
Friday: 8:30 AM to 5:30 PM
Saturday: 9:00 AM to 5:00 PM
Sunday: 9:00 Am to 4:30 PM
Be leary of schools advertising unrealistic passing rates and the lowest prices
If this training was easy everyone would be passing. Don’t fail your test and pay again for refreshing training plus the cost of retesting.
Scotsman’s Guide is reporting that the best way to prepare for the National test & Unified State test is not with online training but by sitting in a real classroom with your instructor in front of you. Online training works well for some people , but for many others not so well. If you weren’t a brainiac high tech computer person back in school please consider attending our classroom training in Atlanta GA.
Not every person passes their test the first time. GOOD News! Capstone is the only school that allows you to retake the class again free.
We limit our class size to 25 students so register early.
This training is covered under the G.I Bill of Rights
Contact your Veterans administrator for instructions on how to apply for tuition reimbursement.
Total Licensing Fees For Loan Originator in GA
After completing Capstone training you’ll need to pay for the following items which are all paid directly through the NMLS website.
These fees do not have to be paid all at the same time:
$110.00 National Test Including the Unified State Test
$130.00 NMLS processing fee
$ 15.00 Credit report
$ 36.25 Criminal Background check
How To Get Your NMLS ID # and access your NMLS Loan Originator Handbook
Learn how to get your personal NMLS user account
View your NMLS Originators Handbook
We try to schedule our training the first weekend of every month at our training facilities in Sandy Springs, Georgia.
You may register and pay here on-line or call our offices at 888-254-3431.
We set our class limit at 25 so please register as early as possible to reserve your seat.
Why Choose Capstone Institute’s Classroom Training In Atlanta, Georgia
If you’re just starting your career in the mortgage industry or returning, you really need to understand there’s a reason why only about 63% of people taking the National and UST test pass. The NMLS national test is extremely tough and previous mortgage experience really doesn’t give you much of an edge.
Many of our students have never been in any type of banking job before and their passing rate with our instruction and materials are equal to experienced loan originators who are re-entering the mortgage business.
Nothing works better statistically than a live class, with your instructor in front of you, who has the time to take your questions and answer them on the spot. In our 3 day training format we have the time to allow our students to ask lots of questions, and take lots of practice tests.
To view the current NMLS Testing outline click below on Download.
View Your Manual’s Table of Contents (641 pages)
In order to meet pre-license education requirements, most state-licensed MLOs must complete at a minimum 20 hours of NMLS-approved education and must then pass the national NMLS test component.
The NMLS requires all educational providers to cover the following areas of mortgage education.
3 hours of federal law and regulations
3 hours of ethics, including fraud, consumer protection, and fair lending issues
2 hours of training related to lending standards on nontraditional mortgage products
12 hours of undefined instruction on mortgage origination.
Additionally your training will include getting you prepared for the Unified State Test.
The Unified State test is made up of 25 additional questions that are combined with your 100 question national test. We’ll cover all this in detail during your training.
If you choose to register for our training we can offer you another benefit. As soon as your tuition payment has cleared you’ll receive an e-mail from us giving you access to the training manual using our online training library.
When you arrive the first morning of training you’ll receive you printed manual, and all your case studies, homework and practice tests.
Your training manual has 641 pages, which is a lot of pages. No you don’t have to memorize every page but getting an early start will help you tremendously.
Georgia Real Estate agents can earn 20 hours of CE
Visit the GA Real Estate & Insurance Commission and check Your CE standings. Capstone Institute is one of the approved GREC educational providers whose certificate of completion can be substituted for 2 years of mortgage experience.
There is $50.00 fee to transfer 20 hours to your GREC – Post Licensing or CE account.