STATE LINKS
Wisconsin Department of Financial Institutions

345 W Washington Avenue
Madison, WI 53703
(608) 261-9555

   
Mortgage Loan Originator
           
 
Courses
Continuing Education
$99

Other Courses
National Exam Test Preparation


SAFE ACT Requirements
    • See education requirements below - BUY SAFE ACT HOURS HERE
    • SAFE MLO Test - All licensees must pass the National and State Components of the SAFE MLO Test by 12/31/2010 - BUY NATIONAL EXAM TEST PREP HERE
    • Criminal Background Check - All licensees must submit fingerprints through NMLS for a criminal background check by 12/31/2010.
    • Credit Report - All licensees must authorize pulling of a credit report by 12/31/2010.


Education Requirements
Type Hours Required Courses Frequency
Continuing Education 16 Law and Procedural Update 2 yrs on license date
Notes: Loan Solicitors only need 12 hours. Can choose to test-out
SAFE Act Pre-License 20 SAFE CORE 8 hours
Notes: All new applicants on or after 1/1/2010 must have completed 20 hours of NMLS approved prelicensure education. Existing licensees as of 12/31/2009 must complete 20 hours of NMLS approved prelicensure education by 12/31/2010. State approved courses will no longer be accepted after 12/31/2010.
SAFE Act Continuing Education 8 SAFE CORE 7 Hours Yearly by 12/31
Notes: All licensees must take 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011.
Certification (Education)
Notes: Unless certified as having already taken 20 hours of Wisconsin approved continuing education, existing MLOs must complete 20 hours of NMLS approved pre-licensing education before 12/31/10. Refer to WI DFI’s website (www.wdfi.org) for additional information on certification.
Certification (Test)
Notes: Unless certified as having already passed the Wisconsin test or test-out, existing MLOs must pass the state component of the SAFE MLO test between 8/16/10 (scheduled date of availability) and 12/31/10. Refer to WI DFI’s website (www.wdfi.org) for additional information on certification.
 
 


Home  |  My Courses  |   FAQ  |  About Us   |  Terms and Conditions
Please review our Privacy Policy & Terms of Use
Copyright 2010 Mortgage-Education.com. All rights reserved. Designed and Powered by Nobleware, Inc