A fast-paced world is made up of rapid changes. 

For example, it’s only been about a decade since the SAFE Mortgaging Licensing Act of 2008 passed, requiring all Mortgage Loan Originators to pass a test developed by NMLS. But who is the top authority on this exam’s topic, and how can you learn from their successes and findings?

Thankfully, we’ve taken the time to analyze the frontrunners of the field and have provided you with a cheat sheet of the best NMLS test prep courses. Read on to find the best providers of practice questions and other study materials for your specific needs— as well as a brief overview of their services and offerings.


#1 – OnCourse Learning Financial Services

Last but certainly not least on this list is OnCourse Learning Financial Services. Preparing for the NMLS license exam is simple with their expansive offerings. And if you like your initial experience with this company, you can always come back for more by signing up for their Continuing Education, Late Continuing Education, and Professional Development courses.

Over 16 instructors make up OnCourse’s team; each averages 20+ years of experience. Because of this, you’ll always have a subject matter expert teaching you important material. Additionally, you can learn through live in-person classes if you live in one of their select states.

Another strong benefit to this course is its compatibility with different budgets and learning styles. While OnCourse’s Platinum Exam Prep is their best offering for NMLS prep, they also provide stripped-down webinars that cover general topics for the national and state exams.

Bottom Line

OnCourse Learning has the opposite problem of 360training.com—  they have so much content and numerous courses on offer that navigating their site at first can be a bit overwhelming despite a slick overall look to their platform. We recommend OnCourse Learning to anyone looking for a more in-depth approach to review.

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#2 – 360Training.com

360training.com is an NMLS-approved pre-licensure and exam prep provider. What makes them a worthwhile consideration for your test prep needs is the highly customizable nature of their courses and prices. 

Some of the other options on this list can be somewhat limited by only giving you one or two ways to review. In comparison, 360 Training breaks up their offerings and allows for more control for people with a-la-carte tastes.

One thing that we also liked was that they included a reminder of your NMLS and SAFE requirements as you progress. This is a way to ensure you stay on track and only focus on the education hours and subject areas that you really need to meet your specific licensing criteria.

Bottom Line

Overall, while we feel that the courses and purchasing options are substantial enough to earn them a spot on this list and a hearty recommendation, we did feel that their presentation could use some work. The 360training.com site is a bit dated looking, and at first glance this can make the information appear disorganized.


#3 – Kaplan Mortgage Education

Kaplan is the comfort food of educational providers. Just like an easily recognized brand, they’re always around, have review for the topics you need, and their products leave you with the feeling that you made a sound choice. 

We feel this comes down to their focus on their students. Kaplan wants you to succeed and their content is clearly designed with the student in mind.

Currently, the NMLS offerings provided by Kaplan include a SAFE Approved Mortgage Licensing Course as well as a SAFE Mortgage Continuing Education Course. These courses ensure that you meet your overall SAFE requirements via online instructor-led courses.

While we love Kaplan’s overall offerings and their affordable pricing, their offerings can be limited. For instance, their lack of progression tools can make it a little harder to tell just how prepared you are for your exam. And if you’re not an auditory or visual learner, their online courses may not have the level of interactivity you desire.

Bottom Line

Unfortunately, Kaplan’s mortgage classes are currently closed to enrollment— most likely due to the ongoing COVID-19 crisis. However, we definitely recommend that you check them out in the near future as they should become available soon.

 


#4 – CompuCram

As we previously mentioned, there is a second member of the Hondros Education Group on this list. And like our #1 pick Learn Mortgage, CompuCram is a fantastic prep solution for your exam. Additionally, CompuCram has helped over 500,000 students succeed on their exams— much like our #1 pick.

But what is it that sets CompuCram apart from the rest of the pack? It comes down to their focused presentation and approach:

CompuCram has concocted a potent combination of Study Vocabulary, Practice Testing, and Simulated Exams. The Study Vocabulary is great in its ability to adapt to different types of learners with flash cards, fill-in-the-blank and matching options. The Practice Testing is great at providing you with review questions; it never gives you the same exam twice and alleviates any concern that you may have about your mortgage license education.

On that previous point, this course’s Simulated Exam experience goes the whole nine yards. As a timed exam with sections and questions that are designed to imitate the actual exam, this feature ensures that you are receiving information and questions that are as up to date as possible.

Bottom Line

CompuCram offers a streamlined and efficient method for obtaining the information that you need on a shorter timeline. Depending on the expediency of your review needs, CompuCram may be the better option for you. However, those who are able to take their time when studying for their mortgage licensing exam may prefer the similar but superior Learn Mortgage prep course.

 


#5 – Learn Mortgage

Learn Mortgage has the benefit of being a part of a larger education group with over 50 years of experience educating financial professionals. As a part of Hondros Education Group, Learn Mortgage has developed a stellar set of prep courses and exam review materials that are sure to help you find success in passing the NMLS exam.

This company’s approach has helped over 500,000 real estate students pass their exams thus far. Here’s what makes this company so successful:

One of their most notable features is a Simulated Exam. This practice exam is designed to mirror the real deal, all the way down to an identical time limit and the same number of practice questions for each section as you’d find on the actual exam.

Additionally, Learn Mortgage also provides a Pre-Assessment which can help you understand how ready you are for exam day as a first-time test taker. This feature is combined with their Readiness Indicator, which tracks your progress across different review methods as you study and actually tells you when you’re prepared enough to pass.

Best of all is the fact that their entire content catalog is regularly updated. This means that you can take all the time you need to complete your test prep while staying up-to-date with the latest exam topics and changes.

Bottom Line

With powerful corporate backing and an impressive number of satisfied students, Learn Mortgage easily earns our top recommendation. Their NMLS Exam Prep is comprehensive and in-depth while still being accessible to the vast majority of people looking to enter the mortgage industry. Definitely check out the Learn Mortgage website as soon as you can to examine all of the content they have to offer.

 


NMLS Exam Frequently Asked Questions

What is the process to become NMLS-licensed?

The process for NMLS licensing differs depending on the state. Be sure to look up your state’s unique requirements for more information prior to enrolling in any courses; most NMLS prep course sites provide additional resources and information regarding this topic.

Is a background check required to obtain my NMLS license?

A federal background check and fingerprinting is required by the NMLS as part of the process to obtain your license. Additional information on the background check can be found from NMLS here.

What is a Mortgage Loan Originator (MLO)?

A Mortgage Loan Originator is a financial professional that takes a residential mortgage loan application, offers or negotiates the specifics of a residential mortgage loan, or helps in acquiring or applying for a residential mortgage loan.

Kenneth W. Boyd is a former Certified Public Accountant (CPA) and the author of several of the popular "For Dummies" books published by John Wiley & Sons including 'CPA Exam for Dummies' and 'Cost Accounting for Dummies'.

Ken has gained a wealth of business experience through his previous employment as a CPA, Auditor, Tax Preparer and College Professor. Today, Ken continues to use those finely tuned skills to educate students as a professional writer and teacher.