Mortgage Education News

At this year’s NMLS User Conference and in subsequent conversations with members of the provider community, we have been discussing concepts of “Authentic Learning” and how to develop courses that move beyond just imparting information, and instead design them with learning objectives that place focus on the relevancy of the types of real-world tasks an MLOs is expected to perform. To … [Read more...]

The April course provider renewal period will close on Monday at 11:59pm, and the May renewal period will open on Tuesday. Course providers listed below have until May 31 to pay the fees and submit their renewal applications. Organizations failing to file for renewal on time will have to apply as a new provider. Organizations seeking to renew should closely review the application and other … [Read more...]

Based on feedback we received from the provider community, NMLS has launched a redesigned page for course providers on the NMLS Resource Center. The page has been redesigned to make it easier to find documents based upon function, and all of the document descriptions have been simplified. Buttons have also been added to the top of the page to make it easier to get to the two major portals (Pulse … [Read more...]

The education page in the NMLS Resource Center has been updated. While the buttons for the course catalogs (both regular and Late CE) remain at the top of the page, the rest of the page has been divided into two columns: PE requirements are on the left; CE information is displayed on the right. Course providers and MLOs are also advised that the 2012 State-Specific Education Charts have been … [Read more...]

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...]

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 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...]

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...]

… [Read more...]

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...]

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 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. 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...]