Tag Archives: 8-hour mortgage broker ce continuing education

2014 Smart Deadlines for MLO License Renewal

(c) Can Stock Photo(OnlineEd – Jeff Sorg) – The deadline to complete NMLS CE for MLO license renewal is December 31, 2014. However, NMLS Rules allow course providers seven days to report (credit bank) their course completions to NMLS. This means licensees will not want to wait until the last minute before completing their education requirement. If the licensee completes before the deadline, but their provider does not submit until after the deadline, the licensee is prevented from submitting for renewal on time. It is the licensees responsibility to complete in enough time for their courses to be credit banked with NMLS by the provider.

At OnlineEd®, we report your course completions just as fast as we possibly can. This means completions are usually reported to NMLS not later than the next business day from completion (weekends, holidays, and NMLS closures excluded). For completions during the At Risk to Miss and Guaranteed To Miss periods, we upload completions several times daily. While we do as much as we possibly can to upload in a timely manner, it remains the licensee’s responsibility to know the rules and complete in time for provider reporting to take place before the deadline.

In order to allow enough time for CE to be reported into the system and for the MLO to file for renewal, NMLS sets Smart Deadlines each year. These 2014 Smart Deadlines are:

SMART: Course(s) reported by your provider to NMLS by Friday, December 19
AT RISK TO MISS: Course(s) reported by your provider to NMLS by Friday, December 26
GUARANTEED TO MISS: Course(s) reported by your provider to NMLS on Wednesday, December 31

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This article was published on July 31, 2014. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

For more information about OnlineEd and their education for real estate and mortgage brokers, visit www.OnlineEd.com. OnlineEd is NMLS Sponsor: 1400327

30,000 Mortgage Loan Originators Still Need to Complete Their CE

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(OnlineEd – Portland, OR) Over 30,000 mortgage loan originators must still meet their CE requirement before the national deadline, which is December 31. A few states have earlier deadlines, however. Georgia MLOs, for example, must complete their education requirements before October 31.

CE for mortgage brokers is relatively simple to complete. Approved providers can deliver their approved courses either online or by live lecture.  The NMLS approves providers and qualifying courses. It is important to look for the required course approval number when searching for courses and providers. The NMLS requires posting of provider and course approval numbers when the advertiser uses the NMLS logo in advertising.

The 8-hour approved NMLS course is to include 3 hours of federal laws and regulations, 2 hours of ethics, 2 hours of non-traditional loans (loans other than 30-year mortgage loans), and a 1 hour elective course. To find out if your state has a requirement for additional hours beyond the NMLS requirement, check our list of state-specific deadlines or visit the NMLS Website.

To understand all that is involved with the license renewal process and to get renewed on time with the least amount of trouble, applicants should be sure to watch this helpful video.

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The OnlineEd 8-hour NMLS approved continuing education course in our catalog for just $49.95 + $12 NMLS Banking Fee.
 OnlineEd® is  is NMLS Approved Provider No. 1400327.
For more information about OnlineEd® or to enroll in our courses, please visit www.OnlineEd.com and click on your state.

OnlineEd® Launches 8-Hour SAFE Act NMLS Approved Comprehensive Continuing Education Course

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(OnlineEd) – Mortgage Loan Originators (“MLOs”) doing business in the current market are tasked with creating a business based on sound, ethical practices that are in compliance with federal regulations and fair housing laws. At the same time, they must be knowledgeable about the many programs available for their clients. The OnlineEd® 8-hour NMLS approved continuing education course will familiarize the MLO with fair lending practices and the federal regulation requirements of RESPA, TILA, MDIA, ECOA, the Fair Housing Act, the Can-Spam Act, and the E-Sign Act.

In addition to providing a comprehensive introduction to the multitude of regulations affecting the mortgage industry, the 8-hour SAFE Act NMLS approved Comprehensive Course also offers an overview of specialty programs such as FHA’s 203 (k) Rehab Loan, Energy Efficient Mortgage, and Good Neighbor Next Door program.

Course Objectives, Goals, and Purpose:

This course has been approved by the NMLSThe OnlineEd® course is delivered wholly online and designed to guide MLOs in the development, adoption, and implementation of specific regulatory and fair housing procedures and strategies. In addition, the MLO will gain an understanding of several available FHA programs that may not have been previously considered a viable option.

The curriculum will prepare MLOs to deal efficiently and effectively with compliance regulations and help them to develop a better understanding of the laws governing mortgage banking, how to remain in compliance, and how to anticipate and prevent violations.

The course is for MLS license renewal in most states and is delivered online in text with video. The NMLS also requires an additional $12 credit banking fee to be paid. An NMLS ID Number is need to enroll in the course if it is to be used for continuing education credit. Visit www.OnlineEd.com to sign up for the course or to obtain more information.

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For more information about OnlineEd and its products, please contact Paul Cleary at 866.519.9597 or send email to mail@onlineed.com