Tag Archives: mortgage

August 13th 2012 Compliance Deadline Approaches for all Lenders, Mortgage Brokers, and Bankers

(OnlineEd) – Residential mortgage lenders take note: The August 13, 2012 deadline for compliance with the new anti-money laundering (“AML”) and suspicious activity report (“SAR”) final rule is fast approaching. Before August 13, 2012, only depository banks are required to establish AML programs and file SARs. However, on August 13, 2012, under the newly expanded […]

OnlineEd Earns Dual Approval for 8-hour NMLS and DRE License Renewal Course

(OnlineEd) OnlineEd® has received dual approval from the Nationwide Mortgage Licensing System (NMLS) and the California Department of Real Estate (DRE) to offer their new 2012 single 8-hour SAFE Act mortgage course for continuing education credits for license renewal of both licenses, mortgage and real estate. The dual approval course can be found in the […]

Another Compliance Deadline is Approaching, and We’ve got the FREE Webinar Link!

Residential mortgage lenders take note: The August 13, 2012 deadline for compliance with the new anti-money laundering (AML) and suspicios activity report (SAR) final rule is fast approaching. Prior to this date, only depository banks were required to establish AML programs and file SARs. Now, under the newly expanded regulation, all lenders, mortgage brokers, and bankers […]

Are You Using eLicensing?

eLicensing has been around for a while now, and has come along way since it was first introduced. It provides a quick, convenient way to update information regarding your real estate license, and, as an added bonus, saves on printing and postage costs since everything is submitted to the California Department of Real Estate electronically. […]

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: Character – the credit history of the applicant; Capacity – the income and ability to service the desired loan debt; and Collateral – the value […]

Attention Mortgage Brokers – You must renew before 5 PM PST Saturday, Dec. 31st

IMPORTANT INFORMATION REGARDING YOUR NMLS LICENSE RENEWAL: A critical deadline is fast approaching for all non-renewed NMLS licenses. On Saturday, December 31, all non-renewed NMLS licenses expire. This means those companies, branches or individuals who do not have an approved renewal can no longer operate. If you or someone you know has not yet renewed […]

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Washington’s MLO Renewal Deadline Approaches with One-half MLOs Yet to Renew

(OnlineEd – Portland, OR) While MLS renewal requests can be submitted until December 31, 2011, Washington is just two weeks away from the December 15, 2011 deadline for having the renewal application reviewed before December 31st.  MLOs who haven’t renewed their Washington license need to get the process started.  Here are some critical renewal reminders: […]

Oregon Sues California Loan Modification Company

(Oregon Department of Justice – Salem, OR) – Lawsuit accuses NOD Consultants, LLC, and principals Nicolas R. Godbout and Grant A. Gerhart, of misleading Oregon homeowners Attorney General John Kroger today announced a lawsuit accusing California-based loan modification company NOD Consultants, LLC of illegally collecting about $90,000 in fees from nearly three dozen Oregon homeowners and […]

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: […]