I was scrolling through Federal Regulations (my favorite light reading) and discovered a new rule. Thought it might be of interest to MLO company leaders and future applicants for the National Exam. To become an MLO you have to complete a 20 Hour Pre-Licensure Course and pass an exam.
The Interesting Point :
You do not have to take the course before you sign up for the exam. The cost of the courses runs from a low of around $450 (for Duane Gomer Inc.) to much, much more from other companies. This is a chance to just take the test cold turkey and see how you do. This is only for the brave and foolhardy as the Course and our Exam Prep Course really prepare you for the exam. Any questions call me personally at 800-439-4909.
This is different than DRE and the Notary Public regulations. For those you must complete the pre-courses before you can test.
So you applicants, you could see how you would do on the test. The cost is $110.00. About 59% of the students are passing it at this time. Or you could schedule your exam before you take the course so that you get a time that is suitable for you.
We will always keep looking for ways to make it easier for you.