Oregon bill exempts certain individuals from the requirement to hold a mortgage loan originator’s license By Jeff Sorg, OnlineEd Blog (December 24, 2015) – Senate Bill 879 exempts an individual from the requirement to hold a mortgage loan originator’s license who sells, offers, or negotiates terms of up to three residential mortgage loans secured by dwelling unit owned […]
OnlineEd® to credit bank NMLS course completions on the same or next business day of your course completion By Jeff Sorg, OnlineEd Blog (November 6, 2015) – At OnlineEd, the annual NMLS license renewal season is well underway! It’s a pretty easy task for a MLO to renew a license, but if you have any questions just let us […]
Submitting a NMLS license renewal request takes only a few minutes and can save hours of work if the license was to expire By Jeff Sorg, OnlineEd Blog (October 28, 2015) – In an effort to remind individuals and businesses to renew their licenses early, the State Regulatory Registry, LLC (SRR), operator of the Nationwide Multi-state Licensing […]
NMLS to place a license item on MLO licenses not yet compliant with 2015 Continuing Education (CE) (Jeff Sorg, OnlineEd) – On July 15, 2015, NMLS will place a license item on every state MLO license not yet compliant for Continuing Education (CE) in 2015. The purpose of the license item is to remind individuals that they […]
OnlineEd is awarded dual California BRE and NMLS approval for its new 2015 NMLS continuing education course (Jeff Sorg, OnlineEd) – OnlineEd today received California Bureau of Real Estate (BRE) approval for its all-new-for-2015 NMLS approved continuing education course. This makes the course offering available for 8 hours or NMLS license renewal AND 8 hours […]
(Jeff Sorg, OnlineEd) – The State Regulatory Registry, LLC (SRR), operator of the NMLS, announced today that as of November 30, 57.2 percent of licenses managed within the System have been submitted for renewal, and 63.9 percent of those requests have had their licenses approved. Current renewal facts as of November 30, 2014: 6,969, or 66 percent, of […]
(Jeff Sorg, OnlineEd) – The NMLS annual license renewal season begins tomorrow, November 1, 2014. As a condition to file for renewal MLO’s must complete their annual continuing education. 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. […]
Mortgage broker 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.