I’ve spent a lot of time writing about NMLS compliance, mortgage originator education and the SAFE Test, along with numerous updates regarding state deadlines. One area equally important for mortgage loan originators (and I’ve not talked about much), is completing the Criminal Background Check (CBC) process. Every mortgage l
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As you know by now, each state has its own transition plan for implementing the SAFE Act. Texas transition plan to NMLS has been interesting. Deadlines have been staggered, depending on the license type. Coming up at the end of this month: companies with a Mortgage Broker Entity license (under the Department of SML). These companies have until
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As of this week, Oregonians that are looking to buy a house or refinance their mortgage can go online to check out their mortgage lender and make sure the lender meets the new licensing standards.By going to www.nmlsconsumeraccess.org you can search for a particular mortgage company or a loan originator. You can see their licensing status and
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So far, NMLS reports almost 11,000 mortgage loan originators have taken more than one SAFE State Test, which likely means these LOs are licensed in more than one state. Or they really like taking tests (probably not). One important thing to remember if you’re licensed in more than one state is that you still need to meet each state&
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Starting January 1, 2011, mortgage broker and mortgage solicitor licenses in Hawaii will expire. Anyone wanting to do mortgage loan origination in Hawaii will need to be a licensed mortgage loan originator. This new licensing program changes the requirements of who needs to be licensed in Hawaii and also imposes standards for licensure.The SA
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