Course Overview
A Mortgage Loan Originator (MLO) works directly with borrowers to secure financing for residential properties. You’ll help clients evaluate loan options, navigate the lending process, and choose the right mortgage product for their financial situation.
Why choose REEDC for your MLO pre-licensing course?
- 100,000+ Graduates Licensed and Employed
- Industry’s Most Flexible Schedule
- Classroom and Livestream via Zoom Courses Available
- Lifetime Job Placement Assistance
- Classes available in Mandarin at Select Locations (call 718-353-0062)
- Classes available in Spanish at Select Locations (call 212-967-7508)
Key Topics Covered
This 20-hour NMLS-approved (provider #1400377) course covers everything you need to pass the SAFE exam and start originating loans; from federal mortgage law and ethics to loan products, the application process, and the New York–specific rules every MLO must know. Here’s a look at what you’ll learn.
- Federal Mortgage Law (TILA, RESPA, ECOA)
- The SAFE Act & NMLS
- Ethics, Fraud & Consumer Protection
- Fair Lending Practices
- Nontraditional Mortgage Products
- New York State Law & Regulations
- The Mortgage Lending Process
- Loan Types & Products
- Qualifying & Pre-Qualifying Borrowers
- The Loan Application (Form 1003)
- Underwriting & Closing
- MLO Roles & Responsibilities
Average rating 4.2 based on 39 reviews
El H.
This recommendation is for Garry, one of the Property and Casualty Insurance Broker Pre-Licensing course instructors. He kept class interesting and fun and almost my whole class passed the exam the first time. He really seemed to care about his students and their comprehension of the material as opposed to just drilling the correct answers into us.
Jillian R.
At the time of writing this, I am about 75% done with my classes at REEDC and I am having such a great time that I felt compelled to write a review.
The instructor is very knowledgeable, funny and engaging. When you are there, you genuinely follow the material because it is taught so well.
Todd M.
I have just finished my course and exam here. I cannot say enough about this wonderful place! There is a great concern and devotion on the part of everyone there that your experience is positive and you are happy with your learning. Most impressive was the incredible effort put towards job placement, recruiting, and real world networking.
Jessie B.
The Property Casualty Insurance course was taught by Garry Smalley, a great instructor who engaged the class and made the whole experience worthwhile. Believe it or not, I remember laughing a few times in the class from some of the stories. I just got my license today! Passed on my first try, the course was more then enough if you are willing to study 1-2 hours a few nights a week
Paul L.
Just finished two weeks of classes, and I couldn’t be more pleased. The teacher, Greg is very impressive, having been in the field, and is a wealth of knowledge. He always has time to answer my many questions. I live in Brooklyn, and work in Manhattan, and if I don’t feel like coming into NY on weekends, I can go to their Brooklyn office, which works out well for me.
Susan M.
Our Mortgage Loan Originator Packages
Become a licensed mortgage loan originator. You can enroll in our Zoom course by selecting a package below:
Best Value
MLO Elite
$599
A value of $700+
- 20 Hour Pre-licensing Course
- Expert Training by Industry Professionals
- Exam Prep
- Career Assessment Review
Package
MLO Plus
$499
A value of $600+
- 20 Hour Pre-licensing Course
- Expert Training by Industry Professionals
- Exam Prep
Package
MLO Basic
$415
A value of $500+
- 20 Hour Pre-licensing Course
- Expert Training by Industry Professionals
Helpful Links
Pre-Licensing Requirements
To become a licensed Mortgage Loan Originator (MLO) in New York, you must:
- Create an account with the Nationwide Multistate Licensing System to obtain your unique NMLS ID
- Complete 20 hours of NMLS-approved pre-licensing education; including 3 hours of New York–specific content
- Pass the SAFE MLO Test (the National Component with Uniform State Content)
- Authorize a credit report and complete a criminal background check through NMLS
- Submit your license application to the NY State Department of Financial Services (DFS) through NMLS
- Be sponsored by a New York–licensed mortgage banker or broker, and post the required surety bond
Getting Sponsored
New York requires every MLO to be affiliated with a licensed mortgage banker or broker; you can’t originate loans on your own. The good news is you can now apply for your license before you’re hired: once DFS confirms you’ve met all other requirements, you’ll receive a sponsorship notification and have 30 days to affiliate with a New York–regulated employer. Our job placement resources can help you find a sponsoring company.
Frequently Asked Questions
What does a Mortgage Loan Originator do?
A Mortgage Loan Originator (MLO) helps borrowers secure financing for a home. You’ll guide clients through the lending process — evaluating loan options, collecting their application, and helping them choose the right mortgage for their situation — from the first consultation all the way to closing.
Do I need experience or a degree to start?
No degree or prior experience is required. You’ll complete the 20-hour NMLS-approved pre-licensing course, which includes the 3 hours of New York–specific content the state requires, and then pass the SAFE MLO exam. The course is designed for newcomers to the mortgage field.
How soon can I start?
You can enroll right away. REEDC’s MLO course is delivered live over Zoom, so you can begin on your own schedule and work through the 20 hours at a pace that fits your life.
What is the SAFE exam, and how hard is it?
The SAFE MLO Test is the national exam all mortgage loan originators must pass, covering federal mortgage law, ethics, loan products, and origination. You’ll need a score of at least 75% to pass. It’s a serious exam, which is why our course is built specifically to prepare you for it.
Do I need an employer to get licensed?
Yes. New York requires every MLO to be sponsored by a licensed mortgage banker or broker; you can’t originate loans independently. You can apply for your license before you’re hired, then affiliate with a sponsoring employer within 30 days of approval. Our job placement resources can help you find one.