Tag Archives: loan

The CFPB is the New Sheriff in Town … Ready for a Visit?

(OnlineEd – September 26, 2012) Compliance management requirements for all non-banks have reached a new level with the new Consumer Financial Protection Bureau (CFPB) Examination Manual. According to the CFPB’s Web site: “The CFPB’s approach to non-bank examination will be the same as its approach to bank examination. It may include a combination of any of the following tools: requiring nonbanks to file certain […]

Continuing Education Reminder Sent to MLOs Who Have Not Yet Completed

(Official NMLS Newsletter) – This is a reminder that the SAFE Act requires individual mortgage loan originators (MLOs) to complete 8 hours of NMLS approved continuing education (CE) annually. In addition to meeting the minimum federal requirements, a number of states also have state-specific education requirements that must be met. For details see State CE Requirement […]

Which OnlineEd NMLS Approved Continuing Education Course Should I Take? (California)

(OnlineEd® – Portland, OR) – The SAFE Act requires a mortgage loan originator to complete a minimum of 8 hours of NMLS approved continuing education and renew their license each year on or before December 31st. A NMLS approved course provider has up to six days to report completed courses to NMLS and then the […]

It’s Time For Mortgage Loan Originators to Start Their Annual NMLS Continuing Education

(OnlineEd) – Every state-licensed mortgage loan originator (“MLO”) in any approved status is to complete at least 8 hours of NMLS approved license renewal education as part of their license renewal requirements.  This annual continuing education must include 3 hours of Federal law, 2 hours of ethics, which includes fraud, consumer protection, and fair lending […]

The 3 Cs of Loan Underwriting Approval

(Jeff Sorg, OnlineEd) – When making a residential real estate loan application, qualifying ratios are only the beginning of the approval process. The “Three Cs” of loan underwriting approval are: Credit – the credit history of the applicant; Capacity – the income and ability to service the desired loan debt; and Collateral – the value […]

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

(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 […]

State-Specific Mortgage Continuing Education Deadlines

Most states abide by the NMLS standard continuing education deadline, which is December 31st, however OnlineEd® encourages MLOs to take note that there a number of states that have an earlier annual CE deadline.  Early state CE deadlines include: Georgia: October 31 District of Columbia: November 1 Kentucky: November 30 West Virginia: November 30 Delaware: […]

Mortgage Loan Originators Can Win FREE Continuing Education

Yes, you read that title right! OnlineEd® is offering one FREE 8 Hour SAFE Comprehensive Continuing Education Course every single week until December! All you have to do is head over to our facebook page, click like, and fill out the entry form. We pick a new winner every Friday at 3PM (PST). One entry […]

MLOs Not to Take The Same NMLS Approved CE Courses in Successive Years

(OnlineEd – Portland, OR) Mortgage Loan Originators (MLOs) cannot complete the same approved continuing education courses in the same or successive years to meet their annual requirements for continuing education credit. “Successive years” as interpreted by the NMLS means two years in a row. The SAFE Act of 2008 requires MLOs to complete 8 hours of NMLS approved CE annually. The NMLS system […]

Get Your NMLS Required Continuing Ed Online and Save 25%

(OnlineEd® – 08/31/11) Oregon Mortgage Loan Originators can get their full continuing education renewal package online with OnlineEd®. The 8-hour national requirement, plus the 2-hour Oregon requirement are combined for Oregon originators in one cost effective package. The price is just $96.75, which is 25% off catalog pricing. This special price is valid only during OnlineEd’s®  Dog Days of […]