ProSchools is watching closely how the Nationwide Mortgage Licensing System (NMLS) will implement the education and testing requirements set forth in the Housing and Economic Recovery Act of 2008, referred to as “SAFE Act.” We get calls daily from mortgage originators, wanting to know what is happening in their state and how th
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As ProSchools tries to understand the national landscape for implementation of Title V of the Secure and Fair Enforcement for Mortgage Licensing Act, known as the SAFE Act, we finally got word on the transition plan for Oregon, our home state! Currently, Oregon loan originators are required to complete 20 hours of entry-level educat
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ProSchools just received approval from the Massachusetts Division of Banks to offer three mortgage originator continuing education courses. These three online courses cover the topics outlined in the SAFE Act. Currently, loan originators in Massachusetts need to renew their license by November 1 each year and they must complete 8 hours o
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ProSchools just got Iowa Division of Banking approval for the 20-hour loan originator prelicense course. One of the requirements under Title V of the Secure and Fair Enforcement of Mortgage Licensing Act (SAFE), requires mortgage loan originators (MLOs) to meet minimum standards for education and passing an exam.Beginning January 1,
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