If you have been considering becoming a licensed Mortgage Loan Originator (MLO) in the state of Georgia, you are in luck! Georgia doesn’t require any state-specific courses like so many other states do, so you just need to complete the 20 hours of Federal courses and pass the National Exam to get licensed in Georgia.
Unfortunately, that doesn’t mean things will be easy. In fact, the overall pass rate on the National Exam for first-time test takers is just 55%. If you don’t pass the exam, you can take it again. However, you have to wait 30 days before they let you attempt it again and the fee to take the test is $110. It would be wise to study a little extra harder and get things done right the first time around.
We have taken a look at the dozens of mortgage programs available for Georgia and handpicked the best ones for you. They are all approved by the NMLS and will help you increase your chances of passing on you first try.
Best School Overall
MortgageEducation.com has become one of the dominant players when it comes to helping people obtain a mortgage license. One of the major reasons for that is because mortgage education is all they do. A lot of other schools offer other programs in different fields, such as real estate, appraisal, home inspection, so they don’t provide the same level of attention to detail to their mortgage courses like MortgageEducation.com does.
What this translates to is that you get the highest quality of mortgage courses in the industry. For example, MortgageEducation.com is one of the handful of schools that offer their pre-licensing course in full video. You get to see the face of the instructor as they teach the class, which makes learning a lot more engaging than just reading words on a screen. This environment gives you the maximum interactive learning experience and helps keep you motivated. Not to mention that their instructors are experts in the mortgage industry and can answer your questions on the spot.
One of the more unique things that differentiate MortgageEducation.com from other schools is their extremely flexible class schedule. Most schools have a scheduled start day that you have to wait for until you can take the course. With MortgageEducation.com, you can start the course whenever you are ready. You are given the freedom to truly move at your own pace and can take up to 14 days to finish the course.
Being the mortgage experts, MortgageEducation.com has also developed comprehensive exam prep to study for the National Exam. They have a separate video course dedicated solely to helping you pass the exam. They walk you through what to expect, tips on how to study, and incorporate interactive activities to help you retain the information better. After you go through the videos, there are over 1,500 practice exam questions that you can take online to get you ready for the text. If you miss a question, there is an explanation that goes over the correct answer.
Best School for Text-based Courses
Learn Mortgage is a subsidiary of Colibri Real Estate. It that doesn’t ring a bell, you may have heard of Gold Coast Schools, Superior School of Real Estate or Real Estate Express. They are all part of the Colibri family of real estate schools and the largest provider of real estate courses in the country with over 1 million students from Learn Mortgage alone!
Learn Mortgage takes a more conventional approach to online learning. The pre-licensing course is mainly just reading text and answering test questions at the end of each chapter. You can study any time during the day, but the courses do have a fixed schedule. You can finish it in 7 days with start days available every Tuesdays and Thursdays, or if you need more time, you can finish in 14 days with new classes starting every Wednesdays and Fridays.
With this fixed schedule format, the course does not just start and end on specific dates. There is also a schedule of deadlines throughout the course that you have to keep pace with. For example, on the 7-day track, you will have to complete the first four chapters on Day 1, the next three chapters by the end of Day 2, and so on. If you miss the deadline, you will have to start the entire course over again and potentially pay a re-enrollment fee.
For exam prep on the National Exam, Learn Mortgage offers their propriety practice test engine called CompuCram. This is meant to be an all-in-one solution that combines vocabulary tools, online practice questions, and mock exams to help you pass the exam. The nice feature about this tool is there is a Readiness Indicator that tells you whether you have studied enough to take the test, so you don’t have to make that guess yourself.
Best School for Knowledge Seekers
Contrary to its name, The CE Shop does a lot more than just offer Continuing Education (CE). In fact, they are one of the biggest real estate schools in the nation. They have only recently entered the mortgage industry, incorporating the best practices and lessons they’ve learned from their real estate courses and applying that to their mortgage courses. Their real estate courses boast a national pass rate of 90%, so they must be doing something right.
The way they have been able to be so successful starts with their learning platform called LEAP 2.0. This is a 100% online platform that they built from the ground up. There are slides that you go through one-by-one, which contain a balanced mix of online reading, interactive exercises, and video content. The CE Shop is mobile friendly, allowing you to seamlessly switch between your smartphone and laptop.
The way their 20-hour pre-licensing course is setup is you can start whenever you want and you have up to 13 days to finish the course. You can move quicker and finish earlier than the 13 days allotted, but the course will not release the certificate until Day 13. If you are looking to get this done quickly, then this won’t be the best option.
What makes The CE Shop program special is not how easy they make the course, it’s special because of how hard it is. The students are quizzed constantly and from every direction, helping them retain the course material better. At its heart, The CE Shop is a data-driven and analytical organization. They monitor the progress of their students, evaluate what works, and makes any necessary adjustments to the courses to help their students perform better. If you don’t just want to get licensed, but also want to learn as much as possible, this is the perfect fit for you.