Everyone who is in the mortgage loan business needs to be familiar with the NMLS. If you are new to the industry (and maybe not very computer savvy) you might benefit from a walk-through of the NMLS Resource Center website to see what all is there and how to find the things you need.
Here is a tutorial I developed with computer screen shots
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The NMLS has just released a nicely concise document that lists all Continuing Education requirements for all state mortgage license renewals.
This will answer most questions you may have about renewing your license, including deadlines and contact information for all individual states.
At last check, the NMLS reports approximately only 20% of or
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This week the NMLS released it’s latest figures regarding the pass rate for people taking the national component of the SAFE Mortgage Loan Originator License Exam. Between July 30, 2009 and July 30, 2011, 152,622 people have taken the exam and 103,521 have passed it on the first attempt. That’s a 68% success rate.127,903 peopl
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In December, 2010, the Dodd-Frank Act amended the Fair Credit Reporting Act of 1970. The Federal Trade Commission has been in charge of enforcing the FCRA. In forty years time, the FTC has used their authority to impose enforcement actions 87 times. Does that sound like a lot, or a surprisingly few?At any rate, July 21, 2011 marks th
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In an article by Josephine Nicholas of National Mortgage Professional Magazine, “How the Debt Crisis Impacts Homeowners and Buyers,” Gibran Nicholas talks about the ramifications of the U.S. debt crisis for borrowers.As I read this, I can’t help but picture a kid trying to talk his mother into seeing these problems as “reaso
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