Mortgage loan originators and brokers in New Jersey must now pass a New Jersey mortgage license test to conduct business in the state. The New Jersey mortgage test is a new requirement by the state and the Nationwide Mortgage Licensing System (NMLS). Mortgage professionals must pass the New Jersey mortgage test within four tries or risk the ability to do business in the state in the future.  Candidates must wait 30 calendar days between each test attempt. After the fourth attempt, they must wait 180 days before retaking the New Jersey mortgage license test.  

Buy your New Jersey Ax5 online test prep now.

The New Jersey mortgage broker exam was released by the NMLS in January 2010. The test consists of 50 scored test questions and 10 unscored. The mortgage brokers test for New Jersey includes six topic areas:

• New Jersey Department of Banking and Insurance (5%)
• State Law and Regulation Definitions (10%)
• New Jersey Residential Mortgage Lending Act and Regulations (20%)
• Compliance (45%)
• Disciplinary Action (10%)
• Unique State Test Areas (10%)

TrainingPro has the formula you need to help prepare for the New Jersey mortgage license test. TrainingPro’s Ax5 Test Taking Formula is the first formula specifically designed to help the mortgage industry prepare for the new NMLS testing requirements!

What is Ax5?

Ax5 is TrainingPro’s proprietary formula for preparing for the NMLS tests. Ax5 stands for:

• Awareness of Exam Content
• Assessment of Knowledge Level
• Arrangement of Course Material
• Action Plan
• Analysis and Self-Evaluation

TrainingPro’s Ax5 test prep product line is based off of this successful formula. Check out our Ax5 Mortgage Loan Originator Test Prep: New Jersey State Component to help you prepare for your New Jersey mortgage license test!!