TrainingPro Gains Course Approval from NMLS
TrainingPro acquires NMLS approval for its 20-hour and 8-hour mortgage pre-licensing courses. Classes available now!
TrainingPro News
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 [...]
Connecticut Passes New Mortgage Licensing Law
On May 21, 2009, Governor Jodi Rell signed Senate Bill 948 into law, making sweeping changes to the Connecticut mortgage licensing law.
The bill implements the 2008 federal Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) by imposing conditions on licensing for mortgage professionals, including education and testing. It changes definitions, confidentiality and surety [...]
TrainingPro’s New 20-Hour MD Pre-Licensing Course Now Approved
TrainingPro’s new 20-hour Maryland mortgage pre-licensing course, “Securing Mortgage Careers through S.A.F.E. Education” is now approved by the Maryland Department of Labor, Licensing and Regulation and the Maryland Higher Education Commission (MHEC).
The Maryland mortgage pre-licensing education requirement changed from 40 hours of live training to 20 hours of live training with the state’s adoption of the Secure and [...]
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 [...]
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 [...]
What is the S.A.F.E. Mortgage Act of 2008?
On July 30th, 2008, the President signed the Housing and Economic Recovery Act of 2008 (H.R. 3221) into law to stabilize the housing market and help alleviate the financial crisis. Title V of the Act, the Secure and Fair Enforcement (S.A.F.E.) for Mortgage Licensing Act of 2008, is specific to the registration and education of mortgage loan originators across the country to aid with consumer protection and fraud reduction.
The S.A.F.E. Mortgage Licensing Act mandates that all loan originators be licensed through the Nationwide Mortgage Licensing System and Registry (NMLS) and establishes uniform minimum national standards for testing and both pre-licensing and continuing education.
