NMLS Pre-licensing 20 Hr. Comprehensive PE October 5-6-7th
Our Next Class will be on September 7-8-9th in Atlanta GA
The Class is limited to 25 students.
How To Become A Mortgage Loan Originator
About Capstone Institute of Mortgage Finance Training
Our NMLS pre-licensing training is totally dedicated to assist you to do only one thing; and that’s for you to pass the first time.
Learning in a classroom environment is vastly superior to learning on line. Very few companies offer live classroom training because of the expense of maintaining the training facilities and they need to go after a larger group of people. The problem with online training is its not as effective verses a classroom. . This a documented scholastic fact.
Scotsman’s Guide is the mortgage industry’s bible of authority and they reported years ago 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.
If English is your secondary language or you dislike being rushed through with online training, please consider attending our classroom training in Atlanta.
What information you’ll be expected to learn prior to taking your NMLS national test.
The NMLS national and combined UST ( Unified State Test) will probably be the most challenging test you’ll ever have to face. Your test is comprised of 125 multiple choice questions and the required passing score is 75%. The testing is administered by Prometrics with testing locations through out the US.
About Our Classroom Training In Atlanta GA.
We only offer this training once a month in Atlanta and we have a very high passing rate compared to online classes and schools offering two day cram classes. Our future training dates are listed below. We only allow students to register for the current training date. You’ll have access to access for the next class after our current class has concluded.
Take Advantage of Our Classroom Training Style
We recognize that online training is very convenient but the advantages of that convince should be weighed out carefully before making a decision.
Asking questions ?
Is it easier to ask your questions by raising your hand and have your instructor answer your questions on the spot?
Is it easier to exactly formulate your question in your head; then type it into a chat box and then wait for the instructor to answer you.
Heck; by the time you finish typing your question the instructor is 2 pages ahead and you never heard a word while typing your question.
Not everyone passes their NMLS National test the first time.
Some companies like to brag about their student passing ratios. Some even boast they have a 90% or higher passing ratio.
Although it’s easy to boast about high passing averages is difficult to prove since the NMLS does not offer passing score statistics and probably never will.
The last time we saw any statistics from the NMLS was a statement that on a national average only about 64% of students pass their national test the first time.
Our average student passing score varies monthly from 83% to 91%
For our student who don’t pass the first time we offer a free refresher course. If we have seats available you may return at no charge. There is an exception to this free refresher.
If you have waited over a year since your first class their is $150.00 fee; but in exchange you’ll receive updated books and materials. Please understand Capstone has to pay an annual fee to the NMLS to approve our program an materials.
About Our Instructors
All Capstone instructors have 30 or more years of industry experience and 5 or more years teaching this course.
About Our Training Materials
Our training manual , homework assignments and supplements are the most comprehensive available today. The author of all our materials is Kathy Lewis; who has 38 years of experience in the mortgage training industry and has publish over 112 publications. Kathy is also the founder and President of Capstone.
You saw above in the NMLS test topics how much information you’ll be expect to know before your test.
Open our manual and see for yourself the amount of detail we cover to assist you in preparing for your national test.
Safe Act 2018 Table of Contents
Future Training Dates:
Class size is limited to first 25 students
Nov 30 & Dec 1 -2
How to register for our classroom training
You can register here online or call us at the school. 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 day to answer any questions or assist you in registering over the telephone.
Getting Your NMLS Personal ID #
NMLS requires as a precondition of being licensed as a loan originator, that all individuals get their NMLS personal ID #. This is very important because without your ID # you wont be permitted to take this training or have access the NMLS Resource center portal. Also reading your NMLS handbook is highly advisable.
We limit our class size to 25 students so register early.
School Tuition Is $349.00
Friday: 8:30 AM to 5:30 PM
Saturday: 9:00 AM to 5:00 PM
Sunday: 9:00 Am to 4:30 PM
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Put in Dunwoody or Sandy Springs as your location or near zip code 303218
This training is covered under the G.I Bill of Rights
Capstone institute is the only NMLS provider approved under the GI bill. Veterans are initially required to pay for there training in advance. Upon completing the training Capstone will furnish the Veteran with a Certificate of Completion and VA forms 22-1999c and 22-8794. The Veteran will then submit these documents to the VA for reimbursement. The amounts of reimbursement will vary depending on your dates and types of service
Typical Licensing Fees For Loan Originator In GA. And Most Other States.
After training you’ll need to pay for the following items which are all paid directly through the NMLS Resource Center website:
These fees do not have to be paid all at the same time:
$110.00 National Test Including the Unified State Test ( This is the most important )
$130.00 NMLS processing fee
$ 15.00 Credit report
$ 36.25 Criminal Background check
Note On Your Back Ground Check
The NMLS will not accept payment on your background check until you’re being sponsored by a company.
What Happens After A Students Registers For Class
After registering for class the student will receive a welcome letter. It contains pertinent information covering directions, how to get your NMLS ID #, what to bring to class and your link to your online manual. Students are advised to start reading their online manual and concentrate on becoming familiar with mortgage terms /definitions and Sections 7 & 8 which cover taking a detailed application and loan processing . Students will receive their printed manual and materials when they arrive on their first day of class.
Arriving The First Day Of Training
Students are expected to be at the school location at 8:30 Am on the first day of class. Please allow for traffic on Friday. Your shouldn’t have any difficulties on Saturday and Sunday.
Upon arriving you’ll show your proof of identity ( drivers License – Passport) and then receive your printed training manual, homework, practice tests and course handouts.
You’ll have homework assignments to complete each night which will be reviewed the next day in class.
On Sunday afternoon you’ll take your school test. The NMLS requires that you pass the school test to receive your Certificate of Completion.
(HINT) If you pay attention to your homework your final school test shouldn’t be a problem
Fri: 8:30 to 5:30
Sat: 9:00 to 5:00
Sun: 9:00 to 4:00
Morning: 10:30 to 10:45
Lunch: 12:30 to 1:30
Afternoon: 3:45 to 4:00
Are you a licensed GA Realtor?
The GREC has approved Capstone and this training for 20 hours of continuing education credit.
There’s a $50.00 fees to transfer your CE hours into the GREC data base.
Visit the GA Real Estate & Insurance Commission and check Your CE standings. This training is approved by the GREC and can be used to credit bank 20 of CE to your account There’s a $50.00 fee to transfer 20 hours to your GREC account. View your GREC for your educational credits