When the Housing and Economic Recovery Act was signed into effect this time last year, one of the sections of the law had to do with establishing national minimum standards for mortgage education, both pre-licensing as well as continuing educational requirements.

Officially titled the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, this particular section may be better know in and outside of the industry as SAFE mortgage licensing.

Essentially, SAFE mortgage licensing requires a minimum standards of 20 hours in the area of pre-licensing education as well as 8 hours or more of continuing education. These requirements apply to all loan originators. While these are the minimum requirements put forth by the federal government, the states may have more layers of education required in addition.

If you are looking to fulfill your SAFE requirements, you might consider seeking out online mortgage training as a quick and efficient way to fulfill your pre-licensing or ongoing education. There are a number of very well rated online entities which will provide you with a quality experience learning the new information.

Even though there are no established approving bodies yet in place, the Conference of State Bank Supervisors is working on a standards body and as such, individual states will soon have the authority to approve course material.

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