WASHINGTON STATE LICENSED LOAN ORIGINATOR CONTINUING EDUCATION REQUIREMENTS

 Licensed Mortgage Loan Originators are held to the highest standard in the mortgage lending industry.  All WA State Licensed Mortgage Loan Originators are required to complete at least 9 hours of NMLS approved education annually:

• 3 hours of Federal Regulations and Law.
• 2 hours of Ethics. Fair Lending, Consumer Protection and Fraud Prevention.
• 2 hours of Non-Traditional Mortgage Lending.
• 1 hour of Washington Specific Education.

 NMLS courses cannot be repeated two years in a row, according to the SAFE Act’s “successive years” rule.  Our NMLS approved courses ensure you will never run into this problem.

WASHINGTON LICENSED LOAN ORIGINATOR STANDARDS AND REQUIREMENTS

 The SAFE Act, (Secure and Fair Enforcement for Mortgage Licensing Act of 2008), established requirements for the licensing and registration of all Mortgage Loan Originators. (MLO's)

• Federal Criminal Background Check - Fingerprints submitted through the NMLS for an FBI background check.
• Education requirements are 20 Hours for Pre-licensure, and 9 hours CE Annually.
•  Originators are required to pass both National and State SAFE MLO Exams.
• Applicants must submit authorization for a credit report through the NMLS Registry.

WAMP EDUCATES AND INFORMS YOU

•  WAMP provides the highest quality NMLS Required Continuing Education at one the lowest costs in the industry.
• Our classes are taught by Licensed industry veterans with a minimum of 10 years of lending experience.  
• Live classes provide the ability to engage with your peers and discuss best practices in a relaxed learning environment.

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We all realize it's critical (and mandatory) for us to stay up-to-date on the changing Federal and State Regulations.  As a non-profit organization, WAMP is in a unique position to offer our valued Members excellent class content at an extremely competitive price.  Continuing Education Classes are offered for Federal, as well as Washington, Oregon and Idaho.

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