Loan Officer School Reviews
The Ultimate Guide
Are you looking for a loan officer school?
Maybe you’re thinking about a career as a mortgage loan officer or maybe you just need to renew your license?
With so many loan officer schools out there how do you choose the best one?
What if the school is horrible and you fail the licensing exam. That would be awful!
Don’t worry. We’ve gotcha covered!
Below, we’ve shortlisted the top 3 schools in each state.
You’ll get a bird’s eye view of pre-licensing requirements, student reviews for each school, and course pricing.
Let’s get started!
Loan Officer Schools By State
It’s super important to complete your pre-licensing training from an NMLS-approved school.
In all 50 states, you will have to complete a mandatory 20 Hour SAFE course approved by the Nationwide Mortgage Licensing System and Registry (NMLS). 33 states/territories also require a state-specific course for pre-licensing.
Find your state below, then choose from one of the top 3 loan officer schools in your state.
Choose Your State Below:
Click your state on the interactive map to view your state reviews.
Top 3 Loan Officer Schools
Click a link below to view the full school review
Loan Officers School Ratings
Below are the top 13 loan officer schools in the United States.
They are listed in alphabetical order.
Please go to the section above to see the top 3 rated schools in your state.
If you are in a state that has a state-run school, our research has shown they are always the #1 rated school.
AAA Mortgage Training
About: AAA has an impressive track record with over 20 years of experience in Mortgage Brokering and Mortgage Lending.
Positive Reviews: The BBB reviews for this school are mostly positive with former students stating that the coursework was, “great, engaging, and made it easy to retain information.”
The tutor, Alan Griffin, comes highly recommended both for his interpersonal skills and mortgage knowledge.
AAA’s Indeed reviews backed these up, with one student saying that the course had a great structure and provided up-to-date information on the mortgage industry.
Negative Reviews: We did pick up one complaint on BBB from a student who wasn’t satisfied with the way the course was organized and delivered. The student did receive a full refund.
Star Rating: Indeed (4.5/5)
Arizona School of Real Estate & Business
About: Arizona’s School of Real Estate & Business offers courses that are accessible 24/7. By its own admission, students have been able to complete the SAFE 20-hour course in as little as 2.5 days through the online webinar portal.
Course: 2 formats (Webinar and Self-Paced)
Virtual Classroom Via Webinar
- $419 – Basic Package
- $499 – Career Start Package
Self-Paced Online Course
- $429 – 20 Hour Package (Can Be Done Within 7 or 12 Days)
Positive Reviews: Students had mostly positive things to say about ASREB on Yelp with one user claiming, “Because of the learning methods and teaching system used by ASREB, I was able to pass first time!”
Another user gushed about the tutor, “Andy Helfman is an incredible teacher. He has the ability to teach tough material but also keep everyone interested.”
Negative Reviews: ASREB also has a couple of negative Yelp reviews with one user stating, “This school and the curriculum is a huge disappointment. Limited resources available to students, unless you pay. Instructors love to tell meaningless stories that have no association with the course material.”
Star Rating: Yelp (4/5)
About: Cape has over 36 years of experience in the educational sphere, backing all its courses with a best-in-business guarantee.
The SAFE Course is accessible daily between 12pm and 8pm ET via an instructor-led format. Text, audio and visual learning options are available.
Course: 20 Hour SAFE Comprehensive Online Course (Includes 20 Hr SAFE Course + 2 Hr CO State Law)
- $279 (Basic Package) – 20 Hour SAFE Comprehensive Online Course + 2 Hour CO SAFE
- $360 (Professional Package) – 20 Hour SAFE Comprehensive Online Course + 2 Hour CO SAFE + Online TestPREP
Positive Reviews: Cape has scored a ringing endorsement on Facebook, with students claiming the coursework and instructor knowledge are superior.
Negative Reviews: A few Facebook reviews state that their customer service leaves something to be desired.
Cape isn’t widely reviewed. You won’t have a lot to go by if you’re picking this school.
We suggest considering our other two options before reaching a final decision.
Star Rating: Facebook (4.2/5)
About: Champions offers nation-wide NMLS courses online and live in-class courses in the state of Texas. It has a vast array of resources to help aspiring loan officers begin their careers with confidence.
Course: RMLO Texas License (20-Hour SAFE Comprehensive + 3 Hour TX-SML SAFE: Texas Law and Practice)
Positive Reviews: Champion’s Facebook reviews are mostly positive, with one user saying, “Took my courses through Champion Live..prep class this last week and passed the exam the first attempt! Highly Recommended.”
Another said, “Great curriculum, staff, and teachers. They are very knowledgeable, helpful, and make the content easy to understand.”
On Yelp, users were similarly impressed with one saying, “I took the 3-day required course for mortgage loan origination certification as well as the three day test prep course. The information shared was relevant and applicable to the actual test.”
Negative Reviews: Yelp also has a few negative reviews, with one frustrated former student venting that the instruction was vague and the tutor spent time reading from the book instead of imparting practical knowledge.
The user continues, “I paid $400 for someone to tell me to read a book that offers half the info needed and now I’ll be buying another course from hopefully a legitimate prep course school.”
Star Rating: Facebook (4.8/5)
Florida Mortgage School
About: Based in Longwood, Florida, FMS has been training mortgage professionals since 1995.
FMS offers NMLS-approved courses in line with Pre-Licensing Education, Continuing Education and Florida State Law to enable students to get an engaging educational experience in one place.
Price: Staring from $298
Positive Reviews: FMS has a couple of good reviews on Indeed with the general consensus being, “Flexible class hours, Good teachers, Affordable.”
A Google user also reviewed the school quite positively saying, “Florida Mortgage School is a great mortgage school with very professional, friendly, and helpful staff.”
Negative Reviews: This school isn’t very widely reviewed by students.
As far as negative feedback goes, it did receive a one-star Google review rating, however, the user did not specify the issue.
Star Rating: Indeed (4.5/5)
Key Realty School
About: Key Realty School prioritizes quality training in mortgage lending, real estate, property management and more, with over 50,000 students having been through its doors since 1991.
KRS’s mortgage lending courses are designed to comply with NMLS requirements, and use top-notch instruction to set students up for success in their MLO careers.
Students are required to attend in-class sessions at KRS’s Nevada location to complete the course. You cannot earn your mandatory 10 hour Nevada state law credits at this school as it does not seem to offer the course.
Course: The 20 hour National Mortgage Licensing course – (The National and Practical Side) (Online + In-Class Instruction)
Positive Reviews: Key Realty School has picked up some pretty impressive reviews on Indeed, with most users stating that major standouts for them were the “Flexible class hours, Good teachers, Affordable, Positive environment.”
Its Yelp reviews second this, also indicating that most students were pleased with the coursework and the instructors.
Negative Reviews: Although these were fewer in number, there are some negative reviews on Facebook, with one being, “Sadly this is the only option for Las Vegas and they charge outrageous fees to have so called “teachers” read books in class instead of actually teaching!”
Star Rating: Indeed (4.5/5)
Loan Officer School
About: LOC’s courses are crafted by accomplished mortgage professionals with front-line sales experience.
It aims to provide industry-current educational resources to enable aspiring mortgage lenders enjoy a productive and successful career.
Course: 20 Hour NMLS Licensing Course (+ Required 10 Hour Nevada State Law)
- $379 – Classroom-Equivalent National 20-Hour NMLS Licensing Course (Live Webcast)
- $379 – Online Instructor-Led 20-Hour NMLS Licensing Course
- $199 – 10 Hour SAFE PE Elective Set (Includes NV State Law)
Positive Reviews: Loan Officer School has some great reviews on Trustlink with one student saying, “Passed my SAFE MLO test on the first try!!! Zero industry experience, but I was able to score an 88 after taking my PE course at Loan Officer School. They did a GREAT job of presenting the data.”
“Comprehensive, enjoyable, and easy-to-follow” was the general consensus among students.
Negative Reviews: LOC did pick up 2 complaints on BBB; one user cited issues with accessing the course on their devices.
The other complaint pointed out a miscommunication between the instructor and student on how long it would take to complete the course.
Neither complaint has been resolved.
Star Rating: Trustlink (4.8/5)
Michigan Institute of Real Estate
About: The Michigan Institute of Real Estate was established in 1985 and has a phenomenal track record of training students in mortgage lending, brokering, and real estate. The 20 hour SAFE MLO course is offered in both in-class and online sessions.
Course: 20 Hour SAFE Mortgage Licensing Course (Required 2 Hr MI State Law Unavailable)
- Starting at $335 – Classroom Sessions – Mortgage Loan Officer Licensing Course (20 Hour SAFE Act)
- Starting at $329 – Online Sessions – 20 Hour Mortgage Licensing Course (Offered Through Learn Mortgage)
Positive Reviews: Its Yelp reviews are overwhelmingly positive with students praising both the instructors and the coursework.
One user said, “I just wrapped up my last session for the pre-licensing exam. This was the best class I’ve ever attended.”
Another seconded this saying, “Just got finished with this class today with Kevin. He’s the best. He’s able to teach you straight from the book exactly what you’re gonna need to know for the exam and your career.”
On Trustpilot, 93% of users said that they had an Excellent experience at the school, with equal praise for the informative and entertaining course and instructors.
Negative Reviews: Negative reviews for this school seem to be few and far between.
On Yelp, one user claimed, “Online course sucks. The practice tests have a number of typos and incorrect answers and the online platform glitches a ton.”
Star Rating: Trustpilot (4.9/5)
About: “Engage with an immersive, convenient, online educational course bundle.”
Mortgage Educators has positioned itself as a leader in mortgage education. Its nationwide courses satisfy national and state-specific criteria in interactive virtual packages.
Positive Reviews: MEC has received rave reviews on Trustpilot with most students praising the instructor, Dave Luna, for his spectrum of knowledge and presentation skills.
“The course was extremely informative and the time just flew by. Great course!” said one student.
Similar reviews could be found on Yelp. Excel Mortgage, an independently owned mortgage broker says, “As always we at Excel Mortgage Services give you and MEC a huge ringing endorsement!”
Negative Reviews: Although you do have to dig a little to find them, former students have also left a few scathing remarks about MEC’s course.
On Trustpilot, one user said, “I watched the whole course and felt like I didn’t learn anything. There are videos within a course that have repeated the same video 2 times. Totally a waste of time.”
Star Rating: Trustpilot (4.8/5)
About: OnCourse Learning is one of the more popular mortgage training schools in the country. Its courses promise to help students make a strong entry into the professional world of Mortgage Lending.
- $309 (Bestseller) – 20 Hour SAFE Comprehensive Applying Mortgage Knowledge to Exam Preparation (14-day OIL course)
- $309 – 20 Hour SAFE Comprehensive Applying Mortgage Knowledge to Exam Preparation (7-day OIL course)
Positive Reviews: Going by its positive reviews on Indeed, OnCourse has definitely made a splash with some students.
“Flexible class hours and good career preparation”, seem to be the general consensus.
Negative Reviews: The company has its fair share of negative reviews on BBB. A couple of students reported problems when they tried to log back in to access the course.
There were also some concerns about the lack of disclosure as to how many times the final exam could be taken.
OnCourse seems to be responsive and most complaints have been resolved satisfactorily.
Star Rating: Indeed (4.4/5)
Real Estate Training Center
About: RETC has seen over 50,000 graduates since its inception in 1989, offering a range of pre-licensing and continuing education courses in real estate, brokering and mortgage lending.
You can complete your MLO pre-licensing course either though in-class or online sessions, with the full flexibility to mix and match day and night classes.
RETC has partnered with NMLS-approved provider Learn Mortgage for the online portion of the course.
Course: 20 Hour NMLS Licensing Course (+ Required 3 Hour New York State Law)
- $429 – New York 20-Hour 12-Day Package + CompuCram Exam Prep (Includes 3 Hour New York State Law)
- $429 – New York 20-Hour 7-Day Package + CompuCram Exam Prep (Includes 3 Hour New York State Law)
Positive Reviews: RETC saw quite a few positive reviews on Yelp with one user stating, “Great company, great instructors, and great skill set to know. Located close to almost every kind of transportation you could ever need.”
Negative Reviews: There doesn’t seem to be any outright negative reviews, although on Yelp, one student did claim that there were a few scheduling conflicts in class times.
Star Rating: Yelp (4.5/5)
About: Based in North Wales, Pennsylvania, Schlicher-Kratz Institute specializes in mortgage education, training hundreds of aspiring MLOs every year.
The school offers both in-class and online sessions as part of its MLO pre-licensure education. SKI has partnered with NMLS-approved provider Learn Mortgage for the online portion of the course.
You will most likely not be able to earn your mandatory 3 hour Pennsylvania state law credits at this school as it does not seem to offer the course.
Course: 20 Hour NMLS Licensing Course (+ Required 3 Hour Pennsylvania State Law)
- $(NA) – Check this list to find an in-class session that fits your schedule.
- $429 – Pennsylvania 20-Hour 12-Day Package + CompuCram Exam Prep (Includes 3 Hour Pennsylvania State Law)
- $429 – Pennsylvania 20-Hour 7-Day Package + CompuCram Exam Prep (Includes 3 Hour Pennsylvania State Law)
Positive Reviews: On Facebook, student feedback is generally positive.
One user had this to say: “I want to thank you for the wonderful MLO class – I passed my S.A.F.E Exam this week, AND, achieved a score of 86%!”
Negative Reviews: We found a few negative reviews on Yelp, with one student claiming, “The instructor constantly ignored my questions. The professor tried to rush through the materials. Avoid.”
Star Rating: Indeed (4.3/5)
The Tennessee Association of Mortgage Professionals
About: TNAMP is dedicated to advancing training and career growth in the mortgage broker industry. It focuses on delivering quality instruction through in-person classroom sessions in Nashville and Knoxville.
- $(NA) – LIVE 20 Hr TN Comprehensive Pre-Licensing Class
- $(NA) – LIVE 2 Hour TN SAFE: Tennessee Mortgage Law Pre-Licensing Class
Positive / Negative Reviews: We didn’t find any reviews for this school on independent websites. Check out TNAMP’s Facebook page for the latest updates.
Star Rating: NA
Loan Officer Graduation Day
Now that you have a school in mind, you’re one step closer to getting your MLO license.
We wish you all the success in your career!
After you get your license, you will be able to work independently or show off your talents at a mortgage lending institution, bank or credit union.
Vintage Lending works with loan officers just like you, offering the opportunity to earn the highest commission split in the industry.
Ready to join forces with an enthusiastic and talented team of loan officers?
Contact us today.
Have you had a good or bad experience with one of the schools mentioned above?
Leave a comment below and let us know how your experience was.