July 2010 is a busy month for many states to meet SAFE requirements. Several state agencies have a deadline of July 30 or July 31 that MLOs must be fully compliant with the SAFE Act. This means they need to meet prelicense education, testing, and background check requirements by the deadline in order to continue working as loan ori
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ProSchools was one of the first NMLS-approved providers, offering “online instructor-led” (OIL) classes. Over the past year, the NMLS has required education providers update and refine their courses to meet the highest of standards required by the SAFE Act. That’s a good thing.Changes, however, sometimes cause confusion
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The SAFE Act isn’t just about education and testing, although that is where ProSchools spends most our time. Every mortgage loan originator must also complete a criminal background check (CBC) in NMLS. The timing of when the CBC must be done is different for new applicants and existing mortgage loan originators. Either the mo
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If you have completed 20 hours of state-approved education or passed a state-administered test as a mortgage loan originator, your state regulatory agency may be in the process of getting the testing and education certified. Looks like 35 states are certifying education and/or testing. But loan originators must do certain things in order to t
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It’s July 5th and quite a few more state NMLS deadlines have passed for completing prelicense education, SAFE testing, and criminal background check compliance. June deadlines included Nebraska, Wyoming, California DOC, Kentucky, and Illinois. July 1st deadlines were Virginia and Vermont.One state in particular ProSchools has been watching is
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