NMLS Licensing Education Archives - Page 2 of 7

Showing 6-10 of 31 results

MLO Licensing to Mastery – Your 1st Year

Posted by Debra Killian
Date February 15, 2024

February 15, 2024

The definition of insanity: doing the same things over and over and expecting different results. Welcome to the mortgage business! Mortgage company owners and recruiters often entice new Mortgage Loan Originators (MLOs) into the industry with the allure of minimal entry requirements. However, this approach frequently leads to a puzzling outcome: these new entrants struggle to succeed. The critical question arises: where is the emphasis on truly understanding the mortgage business? Beyond the basics of …

Debra Killian

The Feds Beef Up Employment Enforcement on Independent Contractors

Posted by Debra Killian
Date February 14, 2022

February 14, 2022

With rates going up, refinance volume quickly heading south and originators looking for the next shiny thing, we are bound to see movement in the industry. That means mergers, buyouts and some companies closing. Migrating originators can be a tricky challenge for the next employer. There are two issues that may surface; who owns the customer and how were the originators compensated? I’ll save the former for another time. Last week I received a call …

Debra Killian

Update: NMLS Test Centers Start Opening Again!

Posted by Debra Killian
Date May 1, 2020

May 1, 2020

The Nationwide Multi-state Licensing System and Registry just posted an update on MLO testing. Here is the list of NMLS test centers opening as of May 1, 2020. The announcement went on to state alternative testing options: Starting in mid-May, SAFE MLO National Test candidates will also have the option to take the test via remote proctoring. More details will be provided soon. Once remote proctoring begins, test candidates will continue to have the option …

Debra Killian

The SAFE ACT of 2008 vs 1099s!

Posted by Debra Killian
Date January 30, 2020

January 30, 2020

With so much focus on AB5, California and the IRS reporting of originator income, is it possible we are missing the 10,000 lb gorilla? California is leading the country into a necessary review of worker misclassification. Recently New Jersey, New York, Illinois, Wisconsin, Oregon and Washington joined California with their version of how to address this issue of “worker misclassification.” The SAFE Act passed in Congress on July 30, 2008 mandated that all states adopt …

Debra Killian

W-2 Contagion? The “ABC” Test Federalized?

Posted by Debra Killian
Date October 28, 2019

October 28, 2019

If you followed our mini series on California’s latest law AB5, you know that independent contractor “1099” status just got tougher in CA. AB5 seriously increased the ability for state and federal governments to reclassify workers from independent contractors to “employee”(W-2) status. If this is not a topic you are familiar with, you may want to watch this 5 part mini-series. Episode 1The Dynamex Case Episode 2Dynamex Exemptions Episode 3Dynamex Penalties Episode 4Dynamex What You …