How many hours of elective education are needed for MLOs to meet SAFE pre-licensing education guidelines?

To meet the SAFE pre-licensing education guidelines, Mortgage Loan Originators (MLOs) are required to complete 12 hours of elective education. This is in addition to the specific hours dedicated to federal law, ethics, and other required topics. The elective education allows for flexibility in the topics MLOs choose to study, enabling them to focus on areas that may enhance their skills and knowledge relevant to their specific roles in the industry.

The predetermined number of hours ensures that MLOs receive a comprehensive foundation, equipping them with necessary tools and understanding to operate effectively. Having a definitive amount, such as 12 hours, provides clarity for prospective MLOs and ensures consistency in the education requirement across different states and educational programs.