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Popular question of the week from Iowa mortgage loan originators: “When will ProSchools ‘certify’ my continuing education hours with the NMLS?”Unpopular answer: “Never.” OK, we’re not that blunt, but ProSchools cannot certify continuing education hours to NMLS, only the state can certify state-approved h read more...

I received an email from the Rhode Island Department of Business Regulation a couple days ago, stressing that all loan originators have to take the SAFE exams by 12/31/09. Whether they are new mortgage loan originators or previously licensed prior to 7/31/09, they need to pass the tests and meet NMLS requirements.We’ve received some read more...

South Carolina loan originators will now have to complete 20 hours of prelicense education and pass the SAFE exam to be licensed. The exams will consist of a National component and a separate South Carolina component. The deadline for current and new licensees to meet the new SAFE requirements depends on when you were licensed. Loan Origi read more...

Some states feel like they are a long ways off before needing to complete NMLS requirements.  Vermont feels like one of those states, but we’re getting calls, so here is a quick re-cap of what Vermont mortgage loan originators should expect.Vermont mortgage loan originators need to: Complete at least 20 hours of NMLS-approved pr read more...

Bad news: there are 50 states (plus territories) to track NMLS requirements, transition plans, and deadlines. Good news: there seems to be some common themes and practices, making it feel a little easier to grasp. This is where I find Maryland mortgage loan originator requirements.Like all states, Maryland loan originators must complete 20 read more...

ProSchools’ course contains Virginia laws (usually 2-3 chapters) to help loan originators prepare for the state component of the S.A.F.E. test. The rest of the course contains national topics that will help people prepare for the national component of the exam. As of July 1, 2010, all Virginia loan originators need to be l read more...

ProSchools has recently received approval for Rhode Island mortgage courses to meet the 20-hour S.A.F.E. Act requirements. Rhode Island mortgage loan originators must complete at least 20 hours of approved education, including a minimum of 3 hours of Rhode Island law, 3 hours of federal law, 3 hours of ethics and 2 hours related to nontra read more...

ProSchools has taken a few calls from Massachusetts loan originators lately. Often these loan originators are licensed in multiple states, making it a bit of a puzzle to figure out the most strategic plan. Image via  Wikipedia Here is a quick look at what Massachusetts loan originators need to do as of July read more...

Rhode Island loan originators may not have it too difficult. Looks like mortgage loan originators that have taken at least 20 hours of state-approved education should be able to have their hours “certified” as having fulfilled the 20-hour NMLS prelicense education requirements. I’ve seen other states operating on this ap read more...

Every day we learn a little more about the SAFE Loan Originator Test and what to expect. First off, don’t plan on bringing your own paper and calculator to the test.  The test center provides scratch paper and a basic calculator. What should you do if you can’t make your scheduled exam time? Your test enrollment fees are n read more...

For a few minutes, I’m taking an NMLS-break. This posting is about something really cool that happened today and how ProSchools helped make it happen. Last year I met a 12 year old boy in  Debre Zeyit, Ethiopia. In some ways he was a normal boy, except a year earlier his life took a horrible turn. At age 11, Abayneh was injured read more...

Every state has a specific deadline to meet education requirements mandated by the SAFE Act. New Hampshire and Pennsylvania are requiring individuals complete at least 20 hours of NMLS-approved education by December 31, 2009. The rest of the states are requiring the education sometime in 2010, with most requiring NMLS education completion read more...