Mortgage Loan Orginators

Mortgage Loan Officer Licensing Requirements for New York State

Prospective licensed MLOs are required to complete 20 hours of NMLS-approved education. This training must include:

• 3 hours of Federal law (includes Dodd-Frank, anti-discrimination, TILA, and RESPA)
• 3 hours of ethics (which shall include fraud, consumer protection, and fair lending issues)
• 2 hours of non-traditional mortgage lending (construction loans and FNMA conversion financing)
• 9 hours of undefined education (referred to as electives)
• + 3 hours of NY law
The New York requirement for 3 hours of instruction on the state-specific law may be satisfied by either taking a NY comprehensive course or a state-specific elective course.

COURSES AVAILABLE ONLINE ONLY: CLICK HERE!

 

MORGAGE LOAN ORIGINATOR CONTINUING EDUCATION COURSES

Licensed Mortgage Loan Originator Continuing Education Requirements for New York State
A licensed MLO (in NYS) is required to complete at least 8 hours of NMLS approved education + 3 hours of NY-specific education annually beginning the year they are licensed (unless PE was completed in the same year).

Annual CE education must include:

• 3 hours of Federal law (includes Dodd-Frank, anti-discrimination, TILA, and RESPA)
• 2 hours of ethics (which shall include fraud, consumer protection, and fair lending issues)
• 2 hours of non-traditional mortgage lending (construction loans and FNMA conversion financing)
• 1 hour of elective
• + 3 hours of NY-specific education
Note: NY-DFI will not accept any hours of other state-specific education to count towards the 1 hour of an elective. MLOs are advised to complete either an 11 hour NY Comprehensive course or an 8-hour Comprehensive course and a 3 hour NY elective course.

MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.

We are partnering with the Association of Mortgage Educators (NMLS Approved Provider ID# 1400214) to offer the online courses for Continuing Education.

 The Leader in Real Estate Training in NYS.

 

 

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