(INDIANAPOLIS, IND. – February 26, 2019) – Diehl Mortgage Training and Compliance has launched the mortgage industry’s first mobile app to prepare for the Secure and Fair Enforcement Mortgage Loan Originator (SAFE MLO) licensing test, an exam required since 2008.
“The amount of information that must be learned to pass the SAFE MLO exam is really substantial by design,” explains Diehl’s President, Scott Weghorst CMB®. “Our Prep2Pass™ app allows users to convert free time, even in small chunks, to a passing score by accessing content anytime and anywhere.”
Currently, the national, first-time pass rate for the test is less than 58 percent.
“People in this industry need to be well-versed in lending protocols and procedures to help consumers make one of the biggest financial decisions of their lives, and this exam accomplishes that. But finding time to prepare for the test is difficult. This app helps those individuals use their time more efficiently,” said Weghorst.
The app, now available for download in the Google Play and Apple iTunes App stores, provides a variety of ways to learn including flashcards, simulated tests, category-specific questions, and videos. In addition, users can “ask a trainer” by initiating a question without leaving the app. As the loan originator candidates move through the test prep process, their managers can follow their progress.
Since 1983, Diehl has provided training for mortgage underwriters and loan originators across the country and currently offers a full suite of government loan training programs along with Nationwide Mortgage Licensing System (NMLS)-approved mortgage originator licensing training and customized compliance programs. The Prep2Pass™ app is a natural, technological progression of the company’s offerings that meet the needs of a 2019 mortgage professional.
Diehl currently allows a Prep2Pass™ “test drive” with free limited version downloads. “Fully utilizing this app saves everyone time and money by helping new recruits get licensed more quickly,” said Weghorst. “We spent considerable time researching and developing the content, and we have registered it with the US Copyright office.”
Diehl was founded in 1983 to help underwriters learn FHA mortgage underwriting. Since then, the company has grown to offer a full suite of government loan training programs for FHA, VA and USDA loans along with NMLS approved mortgage originator licensing training and customized compliance programs. Diehl provides industry smart, technical training that helps learners grow their opportunities. For more information, visit the website https://diehleducation.com.