TrainingPro Gains Course Approval from NMLS
TrainingPro acquires NMLS approval for its 20-hour and 8-hour mortgage pre-licensing courses. Classes available now!
Loan Officer Training
TrainingPro Is an Approved NMLS Education Provider
TrainingPro, the national leader in mortgage education, is proud to announce its approval as a mortgage education course provider through the Nationwide Mortgage Licensing System & Registry (NMLS). TrainingPro is now authorized by the NMLS to provide the federally mandated mortgage pre-licensing and mortgage continuing education outlined in the 2008 Secure and Fair Enforcement for [...]
Is Your Identity Theft Prevention Plan Written?
The Red Flag Rules, new provisions under the Fair and Accurate Credit Transactions Act (FACTA), will go into effect in August of this year. These rules address the nationwide problem of identity theft including the facilitatation of consumers’ access to the information retained by credit reporting agencies and the improvement in the accuracy of consumer reports. [...]
Are You Familiar with the New RESPA Requirements?
Beginning January 2010, mortgage professionals will be responsible for knowing the new requirements set forth in the Real Estate Settlement Procedures Act (RESPA), a 35-year old federal mortgage law.
RESPA was enacted in 1974 to help consumers make informed choices regarding settlement services pursuant to a loan transaction. It allows consumers to obtain information on the [...]
Washington Passes S.A.F.E. Act Legislation
The Washington legislature recently passed HB 1621, making the state compliant with the S.A.F.E. Mortgage Licensing Act.
This law requires the completion of 20 hours of pre-licensing education for mortgage loan originators. The topic requirements mirror those found in the S.A.F.E. Act including:
Three hours of federal law and regulations
Three hours of ethics, including fraud, consumer protection [...]
Kentucky Increases Pre-Licensing Education Requirements
Governor Steve Beshear signed House Bill 106 into law on March 27, 2009, officially changing Chapter 104 of the Kentucky Revised Statutes in regards to mortgage licensing.
Kentucky was one of the first states to participate in the Nationwide Mortgage Licensing System (NMLS) as required by the federal S.A.F.E. legislation. As of June 30, 2008, all [...]
Mortgage Education Deadlines Approaching
Three states have upcoming mortgage education deadlines - Virginia, Nevada and Montana.
Virginia’s deadline is May 1 to complete the required 18 hours of initial mortgage education. This training can be completed in online or home study formats.
Nevada mortgage agents and brokers must complete 30 hours of initial education OR pass a state exam prior to [...]
Twenty One States Adopt the S.A.F.E. Mortgage Licensing Act
According to the State S.A.F.E. Act Legislative Tracking document available on the website of the Conference of State Bank Supervisors (CSBS), 21 states have adopted the federal legislation in the S.A.F.E. Mortgage Licensing Act, which implements licensing and education requirements for the country’s mortgage professionals.
The version of the document dated April 23, 2009, reveals four [...]
Maryland Changes to Annual License Renewals
To ensure compliance with the federal S.A.F.E. Act and facilitate the shift to the Nationwide Mortgage Licensing System (NMLS), Maryland’s Department of Labor, Licensing and Regulation has modified its mortgage licensee regulations. It is moving both licensing renewals and education deadlines to an annual cycle as opposed to their previous biennial cycle.
The new renewal cycle [...]
CSBS Releases Content Outlines for National and State Exams
The Conference of State Bank Supervisors (CSBS) recently released the National State Content Outline and a State Component Content Outline for the written mortgage loan originator tests required by the S.A.F.E. Act.
The content outlines were finalized and approved by more than 90 subject matter experts across the country. The national test is scheduled to be launched [...]
