Mortgage Broker and Loan Officer Training in
Michigan (MI) State Education Requirements
Michigan National Licensing Courses:
CLICK HERE for online 20 Hour SAFE Comprehensive courses.
CLICK HERE for online 8 Hour SAFE Comprehensive courses - Continuing Education.
CLICK HERE for National Examination Preparation Package.
All new applicants on or after 7/31/2010 must have completed 20 hours of
NMLS approved pre-licensure education.
Existing registrants that did not complete the 24 hour state approved pre-licensure
education must complete 20 hours of NMLS approved pre-licensure
education by 7/31/2010.
State approved courses will no longer be accepted after 7/30/2010.
The state of Michigan will certify pre-education for persons who are currently
registered as loan officers and who have completed at least 20 hours of MI
approved education on or before7/30/2010. Persons whose pre-education that has
been certified need not to take the NMLS pre-licensure education. Refer to
your state agency for more information.
There is no NMLS approved continuing education required in 2010 bto renew
mortgage loan originator license for 2011.
SAFE MLO Test:
All new applicants must pass the National Component of the SAFE MLO Test
Existing registrants must pass the National Component of the SAFE MLO Test
All new applicants must pass the State Component of the SAFE MLO Test by
Persons currently registered as loan officers who have passed the MI
mortgage tests are eligable to participate in the testing
certification process and will not need to take the MI Component of the SAFE
MLO Test. The state of MI will certify the MI Component. Refer to your state
agency for more information.
Criminal Background Check:
Existing registrants must submit fingerprints through NMLS for a
criminal background check by 7/31/2010.
MLOs are required to authorize a credit report through NMLS between October 2010
and March 1, 2011.
Michigan Office of Financial and Insurance Services
333 South Capitol Avenue, Suite A
Lansing, MI 48909
For more information about this state's licensing requirements CLICK HERE.
Please Note: The contents contained on this web page are for informational purposes only.
State requirements often change. Please visit your state web site for the most up-to-date information.
This information should not be interpreted as legal advice.