Entries tagged with “ACT”.


Are You Prepared to Pass your Licensing Test?  A friend of mine, who has been in the mortgage business 17 years, failed it twice before getting a passing score!  

 http://shop.loanofficerschool.com/products/20-hour-safe-comprehensive-mortgage-loan-originator-course?ref=100315

To find a SAFE Act Prep Test near you! BTW - keep checking because there are 50 of these classes being offered throughout the country.

Unless you’ve been selling real estate on Mars for the past few years, you’ve heard about the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (called the SAFE Mortgage Licensing Act of 2008).

 

The SAFE Act mandates increased federal regulation of the mortgage lending industry, enhanced licensing requirements, and professional liability for mortgage loan originators (MLOs) who fail to comply. So if digging your way out of the recession were not challenging enough, now you have additional federal and state hurdles to clear.

 

 

Dave Reinholtz, LoanOfficer School and Prep Test trainer says: “Too many loan officers are unprepared for this new and added challenge to their professional lives. I’ve put our twenty years’ of experience to work and created a program that can give the MLO confidence and knowledge. I can’t guarantee that everyone will pass the test, but we don’t think that a better program exists.”

 

 

A provision in the National Licensing Law and Registry required a “consumer” link so they can check to make sure a mortgage company, loan officer, etc are licensed (or had their license revoked).  The website has just been launched and here’s the link:

http://www.nmlsconsumeraccess.org/Home.aspx/MainSearch

Check it out and see if you have been listed yet .