Mortgage Bankers and Brokers
Association of New Hampshire

EDUCATION: Nationwide Mortgage Licensing System

Classroom Instruction Offerings

Mortgage Bankers and Brokers Association of NH is an approved NMLS course provider #1400374 and offers our members NMLS approved courses throughout the year to meet educational requirements. Additionally MBBA offers our member companies on location group SAFE CE 8 hour program at discounted fee. Further details please contact the mbba office info@mbba-nh.org.

20 Hour SAFE Pre-Licensing and State of NH Safe Act
March 12, 13 and 15, 2012 at NH Housing from 8:00am to 5:00pm
November 5, 7 and 8 at NH Housing from 8:00am to 5:00pm

In order to become a licensed mortgage loan originator, you must first complete an NMLS approved pre-licensing course which in turn prepares you for the national and state SAFE act exams. This complete course is not only for individuals wishing to fulfill the pre-licensing requirements of becoming a licensed mortgage loan originator, but it is also perfect as a refresher for employees of banks, credit unions, mortgage bankers , brokers, attorneys and real estate professionals wishing to learn more about the mortgage industry. The course discusses, in detail, the mortgage finance process as it relates to originating, processing, underwriting, closing, laws, disclosures, ethics, plus two hours on NH law as a bonus to help you prepare for New Hampshire's state test.

Member cost if a member of: MBBA, MMBA, MMA, RIMBA, CTMA, VMBA, MAMP
Includes a textbook, continental breakfast, NMLS reporting fee. two hours on NH law as a bonus to help you prepare for New Hampshire's state test. Morning, lunch and afternoon breaks, no phones allowed in the classroom, must have a NMLS number. Sign up today as seating is limited and text books must be ordered. Minimum class enrollment 5 or class will be rescheduled.

See 3 day agenda and registration for more details or email info@mbba-nh.org.

8 Hour SAFE CE program
June 12, 2012 at New Hampshire Housing, from 7:30am to 5:00pm.
October 3, 2012 at NH Housing from 7:30am to 5:00pm
Morning, lunch and afternoon breaks, no phones allowed in the classroom, must have an NMLS number
Registration Information for both dates.

In-house company instruction and group discounts are available, contact the MBBA-NH office for details

Online Course Offerings

Mortgage Bankers and Brokers Association of New Hampshire has partnered with the Association of Mortgage Educators (NMLS Provider ID:1400214) to offer online SAFE MLO Pre-licensing, NMLS Approved Continuing Education, and SAFE MLO Exam Preparation.

SAFE MLO Pre-licensing
The NMLS-approved instructor-led Pre-licensing course provides all of the tools to help you successfully complete your online MLO Pre-licensing education. The course is flexible and convenient, allowing you to move easily through the lessons, activities, and practice exams. You'll also have easy access to your instructor and other students through discussion forums and other activities.

The Pre-licensing course has a specific start and end dates-and your instructor will help make sure you keep on track to complete your course. Keep in mind that there are no "scheduled" activities so you can participate when it's convenient for you.

The course allows you to print off downloadable versions of reading assignments for offline reading and reference. And, all of your NMLS Banking fees are included!

SAFE MLO Exam Prep
The Exam Prep online course is designed to prepare you with the knowledge you need to pass the National Loan Originator Test, which is mandated by the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). It includes clear, succinct discussions on the topics from the national MLO Test outline—federal mortgage lending-related law, mortgage industry terms and concepts, the loan origination process, and ethics—and unlimited opportunities to self-assess your understanding through tests at the end of each module.

When you’re ready, you can take a comprehensive 100-question practice test that resembles the content breakdown and types of questions you will see on the national MLO Test. You can take as many practice tests as you want. Since the questions are randomized from large pool of questions, each test will be unique—you will never see the same exact questions in the same exact order. The MLO Review Crammer also includes a downloadable glossary and summaries for your reference.

NMLS Approved SAFE MLO Continuing Education Online
These courses are approved by the NMLS to fulfill the SAFE Act continuing education requirements. The online courses are flexible, convenient and easy to take with no hidden fees. Unlike other providers, your $1.50 per credit hour banking fee is included in the cost of the course!

Mortgage loan originators have to take 8 hours of continuing education by December 31 of each year. On a yearly basis, the SAFE Act calls for state-licensed MLOs to complete 3 hours of Federal law and code; 2 hours of ethics including training on fraud, fair lending, and consumer protection issues; 2 hours of training dealing with lending standards for the nontraditional mortgage product market; and 1 hour of instruction in an undefined topic (maybe state specific depending on your state).

New Hampshire Mortgage CE FAQs

Am I required to take CE if I took NH pre-licensing education this year?
No, if you received your MLO license during the year, you do not need to take Mortgage CE.
How do I find out more detailed information regarding New Hampshire mortgage CE?
For further questions, you can contact the New Hampshire agency that regulates the mortgage industry. They can be reached at:

Email:
Licensing@banking.state.nh.us

Phone:
(603) 271-8675

Address:
New Hampshire Banking Department
53 Regional Drive
Concord, NH 03301

NH Banking Department Website:
http://www.nh.gov/banking/

Am I allowed to take the same continuing education course two years in a row?
No. Per SAFE Act regulations, you must take different CE courses every year.

Do I need to take the SAFE-required education courses, if I work for a Commercial Bank?
You do not have to take continuing education courses if you work for an insured depository organization such as those regulated by FDIC, NCUA etc. You may still be interested in taking CE courses to further your career.

Can continuing education hours carryover from one year to the next?
No. The NMLS does not allow continuing education hours to be carried over to the next year.

How do I contact the NMLS if I have questions?
For questions relating to the Nationwide Mortgage Licensing System, please contact the NMLS Call Center at (240) 386-4444.

Does LearnMortgage.com submit my hours?
The NMLS requires that all completed hours be "credit banked" with them. The Association of Mortgage Educators will submit your CE hours within 7 days of completion. We will also pay the $1.50 per credit hour fee.

Our New Hampshire Online Mortgage CE courses are especially convenient if you live in or near: Manchester, Nashua, Concord, Rochester.