Mortgage Licensing News

Home » Mortgage Licensing News

Latest Licensing News

5 11, 2009

Michigian Mortgage Licensing Education Requirements Clarification

2015-05-23T08:11:48-07:00November 5th, 2009|Education, Mortgage Licensing News|

TO: Mortgage Industry and Interested Parties SUBJECT: Discontinuance of Michigan Loan Officer Registration Examination, and Clarification of Michigan Pre-registration Education Requirement Effective today, October 22, 2009, the Michigan loan officer registration examination administered through Pearson VUE is discontinued and will no longer be available. Any individual who scheduled a new loan officer registration examination or [...]

5 11, 2009

CA Passes NMLS Loan Originator Licensing Requirements

2017-01-23T19:53:15-08:00November 5th, 2009|Licensing Requirements, Loan Originator Licensing, Mortgage Licensing News, NMLS|

California recently adopted several mortgage related bills. CA Senate Bill 36 became effective October 11, 2009 and includes the following revisions and adoptions: Adopts new sections covering: licensing requirements for loan processors and underwriters; application requirements including fingerprinting, personal history, and independent credit reports; minimum standards that must be met by mortgage loan originator licensing [...]

11 09, 2009

Rhode Island Mortgage Loan Originator Professional Requirements under SAFE

2015-05-23T08:12:01-07:00September 11th, 2009|Loan Originator Licensing, Mortgage Licensing News|

Sent on September 11, 2009 Rhode Island Bill Numbers H 5704 A and S 0461 A were enacted into law on July 16, 2009 in order to bring the mortgage licensing laws of the State of Rhode Island into compliance with the federal Secure and Fair Enforcement for Mortgage Lending Act of 2008 (“SAFE Act”). [...]

22 06, 2009

FAQ for Washington Consumer Loan License Changes

2017-01-23T19:53:16-08:00June 22nd, 2009|FAQ, License Updates, Mortgage License, Mortgage Licensing News|

When SB 6471 was passed during the 2008 legislative session and became effective June 12, 2008, the definition of mortgage broker under the MBPA was amended to remove references to making a loan.  The net effect of the amendment was to prohibit lending under the MBPA.  SB 6471 also expanded the Consumer Loan Act (CLA) [...]

19 06, 2009

FAQ for Maryland NMLS Transition

2017-01-23T19:53:17-08:00June 19th, 2009|FAQ, Mortgage Licensing News, NMLS|

FAQ for Maryland NMLS Transition FREQUENTLY ASKED QUESTIONS AND ANSWERS REGARDING MARYLAND NMLS TRANSITION FOR YOUR ASSISTANCE As you know, Maryland's transition to the Nationwide Mortgage Licensing System is under way.  Your continued cooperation in this transition is greatly appreciated.  To assist licensees and applicants, we have prepared a list of "Frequently Asked Questions" and [...]

10 04, 2009

How do you get an FHA Approval?

2017-01-23T19:53:17-08:00April 10th, 2009|FHA, HUD, Mortgage Licensing News|

As seen in Scotsman Guide Magazine, Titled 4 Keys to FHA Approval It has been about 4 years since FHA became a major part of the mortgage market. Many mortgage companies that do not have FHA Approval are finding it difficult to survive. So what is required to get an FHA License? There are 4 [...]

4 04, 2009

What is the Nationwide Mortgage Licensing System?

2017-01-23T19:53:17-08:00April 4th, 2009|Mortgage Licensing News, NMLS|

For those of you located in states that have already transitioned onto the Nationwide Mortgage Licensing System (NMLS), you are probably already intamitely familiar with the new NMLS. However, if you are not licensed in one of the 23 states that have transitioned or are in the process of transitioning on to the NMLS, you [...]

Go to Top