The NMLS is anticipating 24 states will be able to take the state and national components of the NMLS exam by the end of the year. So far almost every state (47 states), plus the District of Columbia, have passed legislation that requires prelicense education, passing the NMLS exam, submitting fingerprints for a criminal background check,
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Hurray for Washington!! ProSchools’ Washington SAFE Comprehensive Course just got NMLS approval! This course meets the 20-Hour NMLS education requirement for mortgage loan originators in Washington.Quick review of Washington’s transition plan for mortgage loan originators (to meet NMLS education requirements): Those licensed prior t
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NMLS education approvals are starting to roll in! Our 20-Hour Arizona SAFE Comprehensive course was approved this week. This online instructor-led course meets the 20-Hour NMLS education requirement for Arizona mortgage loan originators.Here’s a quick review of Arizona’s implementation plan in order to meet requireme
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Greetings, North Carolina Loan Originators! Changes are coming your way, due to the SAFE Act, affecting new licenses as well as renewals. A few things to know if you are a mortgage loan originator in North Carolina.Before applying for a Mortgage Loan Originator License in North Carolina, there are quite a few things you need to do. H
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As we’ve discussed before, Washington mortgage loan originators licensed prior to July 30, 2009 must complete 8 hours of approved continuing education by December 31, 2009. If someone can show they have completed a minimum of 20 hours of approved education in the past, those hours will be “certified” and he/she won&rsquo
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Image via WikipediaProSchools is here for you Louisiana Mortgage Loan Originators! Did you know that you are one of the fast track states? What does this mean? Your state, Louisiana, is one of the first in the nation to take part in the SAFE Act transition plan.ProSchools will be here,
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Where do things stand with New Hampshire, in regards to NMLS requirements? New Hampshire passed legislation that went into effect April 1, 2009, requiring all individuals whose activities fall under the legal definition of “loan originator”, to be licensed. So what’s the plan?All loan originators have to be licensed through th
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ProSchools has taken some calls from Arizona mortgage professionals lately. Loan originators have not had to complete Arizona mortgage education or pass an exam in the past to be licensed.This all changes beginning July 1, 2010. According to H.B. 2143, Arizona loan originators will need to complete 4 things in order to be license
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Are you ready for the NMLS exam? People fret about tests and taking the NMLS exam is no different. Knowing what to expect when you get to the test center can help, so here’s a quick summary so you’re prepared.
As I have posted before, mortgage loan originators aren’t required to take the NMLS education prior
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Just heard from someone at the Pennsylvania Department of Banking that the amendments to the Mortgage Licensing Act were signed by the Governor yesterday (8/5/09). House Bill 1654 amends Pennsylvania’s existing mortgage licensing law and is now titled the Mortgage Licensing Act (“MLA”).All loan originators in Pennsy
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It really depends on the state. Many states required either prelicense or continuing education for loan originators prior to the SAFE Act. If you have already taken state-approved education, the general rule of thumb is: if you’ve taken at least 20 hours of state-approved education in the last 5 years, then the state will “certify&r
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