We hear it over and over from state regulators: DO NOT WAIT to take the SAFE Loan Originator Test! You can take the national component of the exam now and if the state component is available, take that exam as well. Currently there are 19 states that have the state component available in addition to the national component. A
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Definitely. In fact the Georgia Department of Banking and Finance says in their Loan Originator Update: “Loan Originators are encouraged to begin the pre-licensing education and testing early and can take the National requirements separately from the Georgia requirements.”Georgia does not require state-specific hours for the prelice
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ProSchools has submitted a lot of courses for NMLS approval over the past month. Approvals are rolling in now!Our strategy is to submit a 20-hour course for each state and include the state-specific laws within the course. This serves two purposes: 1) loan originators in that state will fulfill the 20 hours for NMLS, and 2) the state laws
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We’ve just received word that ProSchools is approved to offer the 20-Hour Idaho SAFE Comprehensive Course, meeting the NMLS education requirements for Idaho mortgage loan originators! Under the new law, Idaho mortgage loan originator must complete 20 hours of NMLS-approved prelicense education, pass the NMLS exam, complete a background
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Are you staying caught up with the latest NMLS states and approvals? We’ve been moving fast!! ProSchools has quickly developed and submitted mortgage courses to meet the new 20-hour S.A.F.E. Act requirements as regulated by the NMLS. To date, we’ve received approval for the 20-hour course in Arizona, Idaho, Louisiana, Michi
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New Hampshire passed legislation that went into effect April 1, 2009, requiring all individuals whose activities fall under the legal definition of “loan originator” to be licensed. This fulfills mandates of the SAFE Act. So the question is, how does this transition out over the next months?All loan originators have to be l
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One state at a time! ProSchools just received approval from the NMLS for our 20-Hour PA SAFE Comprehensive course for mortgage loan originators. This course meets the NMLS education requirement for Pennsylvania loan originators, plus it contains an exam prep that will prepare LOs for both the state and national component o
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