NMLS offices will be closed on Monday, February 20th in observance of President’s day. Because of the holiday, any course completions for Late CE reported over the weekend will be processed on Tuesday, February 21. From Official NMLS Course Provider Newsletter … [Read more...]
Mortgage Education News
Mortgage Education News updates from your State and Nationwide Mortgage Licensing System "NMLS"
Presentation Slides from NMLS User Conference Posted
February 15, 2012 By
NMLS hosted its annual user conference last week in Scottsdale, AZ. The conference was well attended by over 450 members of industry, state regulators, and course providers. Testing and education-related sessions were held on Tuesday and Thursday. For those who were unable to attend the conference, slides have been posted under the agenda tab of the conference web site at: … [Read more...]
NMLS – Updated Course Application and Evaluation Forms Now Available
February 13, 2012 By
NMLS has updated the course application and course evaluations forms to conform to the 2012 Functional Specification. The updated forms are available under “Section 2: Course Approval” in the Course Provider Resources are of the NMLS Resource Center. Please use these updated forms when submitting a course for approval. Additionally, NMLS has also updated the course evaluation forms to … [Read more...]
NMLS – Illinois Date Stamping
February 13, 2012 By
The IL State Test Component has been released with an effective date stamp of January 18, 2012. “Effective Dating” refers to the practice of assigning a test component an effective date which will communicate to test candidates and other interested parties the currency of legislation which is used to determine the content of test questions. Candidates now taking the Illinois Component of … [Read more...]
MLO’s Early State CE Deadlines
November 8, 2011 By
MLOs and course providers are advised that there a number of states that have an annual CE deadline earlier than the standard December 31. Early state CE deadlines include: * Georgia: October 31 * District of Columbia: November 1 * Kentucky: November 30 * West Virginia: November 30 * Delaware: December 1 * Iowa: December 1 * Kansas: December 1 * Puerto Rico: December 1 * Vermont: … [Read more...]
From NMLS: Status of PE/CE course completions
September 8, 2011 By
By Tycho Rosenfeld, President and CEO MortgageEducation.com As of July 30, 2011, new or existing MLOs have completed the following number of hours of either pre-licensure (PE) or continuing education (CE): Number Hours of PE Completed: Over 369,530 hours of PE have been completed since January 1, 2011 equating to approximately 18,477 MLOs. This is an increase of 1400 MLOs since June … [Read more...]
MLO Compensation and Stricter Regulations
September 8, 2011 By
MLO Compensation and Stricter Regulations Make Education More Important than Ever By Tycho Rosenfeld, President and CEO MortgageEducation.com Extensive changes in the mortgage industry over the past 4 years have caused a fundamental challenge for MLOs and the institutions that hire them. While MLOs are now required to have a higher degree of competence with regards to understanding … [Read more...]
Just when you thought it was S.A.F.E
September 8, 2011 By
Just when you thought it was S.A.F.E. the mortgage industry announces more changes, more effective dates, more rule changes, and more regulatory agencies to make sure we are doing it all right. How does one keep them all in order? The Harvard Law School Forum on Corporate Governance and Financial Regulation gives more insight on the changes to mortgage lending practices after the Dodd-Frank … [Read more...]
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