Mortgage Loan Originator Program

The Austin Institute of Real Estate has teamed up with the National Mortgage Licensing System (NMLS Provider #1400455) to provide you with our first IN-CLASS 20 Hour SAFE Comprehensive Mortgage Loan Originator Course (#1602). This course is designed to provide you with an in-depth understanding of the Mortgage Loan process and to offer the required education that is needed to be in compliance with the SAFE Act. All the resources you need will be at your fingertips, you can interact with other students, and you can have your questions answered by our qualified instructor.

Five Steps to Your Mortgage Loan Originator License

1. Create a National Mortgage Licensing System (NMLS) Account

Before logging onto NMLS, individuals must create an NMLS Individual user account. Applicants may do so by clicking here.

Be sure to bring your NMLS number to class. We will need to report your successful completion of the course to NMLS.

2.Successfully complete the required 20-hour SAFE course

New applicants must complete the 20 Hour SAFE course in order to obtain a Mortgage Originator License. Existing licensees must complete the 20 hours OR have their Texas Savings Mortgage & Loan pre-licensure education certified.

The Austin Institute offers a live 20 hour SAFE course at our location at 8828 Research Blvd. Austin, Texas 78758. Click here for dates and times.

The Austin Institute of Real Estate has partnered with the Association of Mortgage Educators (NMLS) Provider ID:1400455) to offer the online SAFE MLO Pre-licensing, NMLS Approved Continuing Education, and SAFE MLO Exam Preparation.

Think you’re eligible for certification? Find out here!

3.Take the SAFE Mortgage Loan Originator Test

There are two portions to the SAFE Mortgage Loan Originator Test: the National portion and the State portion.

National Portion

All new applicants must pass the exam prior to filing their MU4 through the NMLS.
MLOs licensed on or PRIOR to July 31, 2009 must pass the National component before renewing their license for 2011.
MLOs licensed on or AFTER August 1, 2009 must pass the National component before submitting their MU4 through the NMLS.

National Exam Information for the National S.A.F.E. Mortgage Loan Originator exam:

The National exam fee is $92.

If you do not pass after 3 times, then there is a 6-month waiting period.
100 computer generated multiple choice questions.
3 hour time limit

State Portion

Existing licensees and all new applicants must pass the exam or be able to have certified passage of the Texas MB/LO Pre-Licensing Examination PRIOR to filing for MU4 in NMLS.

State Exam Information for Loan Originators

The state exam fee is $48 plus an additional $9.95 for fingerprinting. Total Exam Fee: $57.95. Re-takes will be $48.
75 computer generated multiple choice questions.
2 hour time limit for English Version
3 hour time limit for Spanish and ESL version

To schedule your test, click here.

4.Submit a Criminal Background Check (CBC) and file an MU4

All licensees must submit fingerprints through NMLS for a criminal background check and must provide authorization to obtain a credit report at the time of filing an MU4 in NMLS.

Click Here to submit a CBC and file an MU4.

5.Receive your Mortgage Loan Originator License

Once a candidate has passed the National Exam they must submit MU4 Form to the National Mortgage Licensing System.

Submit the MU4 Form through the NMLS.

MU4 Form Filing Quick Guide

If you have any questions, please call (512)453-0900.
You can also email us at info@austininstitute.com. Please allow 1-2 business days for a response.