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    Mortgage Originators

    Are you eligible to take the NMLS National exam online instead of in person? 

    Prepare for Your Online SAFE MLO Test Appointment The SAFE MLO Test is now offered via Prometric’s online proctored testing platform, ProProctor.  Candidates who would like to test online should review all of the information provided below to prepare their environments for their online testing session. Before Your Online Test Appointment There are a number of technical and procedural requirements you need to be able to meet or be aware of before you can sit for an online-proctored test appointment. Please carefully review the information provided in this section. In order to access Prometric's ProProctorTM system, you will be required to download and install the ProProctor application from the Prometric website as well as perform a System Check. This will ensure that your laptop or desktop operating system meets the minimum requirements. We recommend you complete this step prior to scheduling your online testing appointment. For complete details, please review the ProProctor User Guide. NOTE:  We strongly advise candidates to use a personal computer or laptop to take the SAFE MLO Test online. If you are using your company-issued equipment to take this test online, note that your company may have several restrictions that will not allow you to install and or use this software.

    Regulation Z (Truth in Lending); Screening and Training Requirements for Loan Originators

    Generally, if a mortgage loan originator organization employs an individual loan originator who is not licensed and is not required to be licensed, Regulation Z requires the loan originator organization to perform specific screening of that individual before permitting the individual to act as a loan originator and to provide certain ongoing training. Regulation Z is ambiguous as to whether these requirements apply to loan originator organizations employing individual loan originators who have temporary authority to originate loans pursuant to the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 (EGRRCPA) amendments to the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). These amendments take effect on November 24, 2019. This interpretive rule concludes that a loan originator organization is not required to comply with certain screening and training requirements under Regulation Z if the individual loan originator employee is authorized to act as a loan originator pursuant to the temporary authority described in the SAFE Act. View FINAL RULE View pdf 
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