I keep getting asked my mortgage loan originators (MLO) who recently took a state exam (or will shortly) if they are going to have to take another exam when the SAFE Act and the NMLS kick in. As I read it, the answer is clearly “YES”. Sorry. What I’ve read is real clear. Essentially, if you have taken a
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We have gotten several calls about the mortgage broker requirements in the State of Georgia lately. The most asked question was whether brokers need to complete their continuing education by March 31, 2009. Some believed they did not, in conflict with my information, which said they did.I contacted the Georgia Real Estate Commission and it turn
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For the past few weeks I have been looking into how the SAFE Act will impact the state of Arizona. This state’s been on our “watch list” for mortgage education for years. It’s on our side of the country and we’ve been offering real estate continuing education there for years…why not offer mo
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I am starting to get calls from nervous loan originators in Iowa, asking how to meet the new SAFE Act requirements for many in the mortgage lending industry.According to a representative of the Iowa Division of Banking Finance, one of the first states to have set some specific deadlines to assure meeting the SAFE Act’s licensing requireme
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This question keeps popping up regarding SAFE Act compliance (and I don’t blame you guys):If I just took courses required to satisfy my state’s requirements for loan originators, why should I take MORE classes now?This is a very fair question and it looks like you’ll get a break on this. The NMLS is going to accept hours
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19 states will be in the first batch of states who are adopting the SAFE Act requirements which mandate a license exam and 20 hours of prelicense education for all mortgage loan originators nationwide. The big question for you is probably, how does this effect me? What’s going on in my state now? To answer these
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