Wyoming Mortgage Education
EasyRealEstateSchool.com offers these Wyoming mortgage education courses in conjunction with MortgageEducation.com. All the mortgage education courses are NMLS-approved and will satisfy all the required education hours for your state. Should you have any questions please feel free to contact MortgageEducation.com.
Who is required to have this license?
Any individual, who for compensation or gain, or in the expectation of compensation or gain, takes a residential mortgage loan application or offers or negotiates the terms of a residential mortgage loan, for any dwelling located in Wyoming.
Who does not need this license?
- Registered mortgage loan originators who are employed by a financial institution
- An individual who offers or negotiates terms of a residential mortgage loan with or on behalf of an immediate family member of the individual
- An individual who offers or negotiates terms of a residential mortgage loan secured by a dwelling that serves as a seller’s residence
- A licensed attorney who negotiates the terms of a residential mortgage loan on behalf of a client as an ancillary matter to the attorney’s representation of the client, unless the attorney is compensated by a lender, a mortgage broker or other mortgage loan originator or by any agent of such lender, mortgage broker or other mortgage loan originator
- An individual engaging solely in loan processor or underwriter activities, who does not represent to the public, through advertising or other means of communicating or providing information including the use of business cards, stationery, brochures, signs, rate lists or other promotional items, that the individual can or will perform any of the activities of a mortgage loan originator
Pre-requisites for license applications:
- Criminal background check
- Credit check
- Testing
- Education
For more information about the actual course please visit Mortgage Education Course FAQ’s.
Wyoming State Requirments
SAFE ACT Requirements
- SAFE MLO Test – All new applicants on or after 10/22/09 must pass the National and State Components of the SAFE MLO Test by 6/1/2010.
- Criminal Background Check – All new applicants must submit fingerprints through NMLS for a criminal background check by 6/1/2010.
- Credit Report – All new applicants must authorize a credit report through NMLS by 6/1/2010.
Wyoming Mortgage Education Requirements
- SAFE Act Pre-License (Required courses – SAFE CORE 8 hours) – All new applicants on or after 7/1/2009 must have completed 20 hours of pre-licensure education by 6/1/2010.
- SAFE Act Continuing Education (Required courses – SAFE CORE 7 hours) – All licensees must complete 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011. This course should be taken Yearly by 12/31.
For more information about the actual course please visit Mortgage Education Course FAQ’s.