NMLS Licensing Education Archives - Page 3 of 7

Showing 11-15 of 31 results

60 Days to Temporary Authority!

Posted by Debra Killian
Date September 26, 2019

September 26, 2019

The CFPB published FAQs today for the transitional licensing. The FAQs are broken into two categories: types of loan originators and state transitional licenses. The rules are effective November 24, 2019 and allow for ELIGIBLE registered and state-licensed originators to receive temporary authority to originate during the 120 period of obtaining a new state-license. In addition, the NMLS has issued guidance on worker classification. Watch for our CLOES.online upcoming 4-part video series on the 1099 vs …

Debra Killian

NMLS Resources – Temporary Authority (TA) to Originate

Posted by Debra Killian
Date September 3, 2019

September 3, 2019

November 24, 2019 is the effective date for Temporary Authority, and it’s right around the corner. Transitional Licensing was passed as part of S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act and provides 120-day temporary authority to operate as a state-licensed mortgage loan originator for individuals who are: 1) a registered loan originator who becomes employed by a state-licensed mortgage company, or 2) a state-licensed loan originator who becomes employed by a …

Don DeRespinis

Mortgage Originator NMLS Continuing Education 2019 – Online and On Demand

Posted by Don DeRespinis
Date August 21, 2019

August 21, 2019

Take a look Here. At last Online Continuing Education worth taking! We have taken CE courses since 2011 and they are all the same. Presenting Deb Killian in her National NMLS Continuing Education course for 2019. SAFE Federal 2019 CE – The Mortgage Professional. Find out what it means to be a Mortgage Professional. These courses are for individuals who are state licensed Mortgage Loan Originators. They meets the requirements of all 50 States for …

Debra Killian

What the Heck is SOFR?

Posted by Debra Killian
Date July 11, 2019

July 11, 2019

Every time I finish writing another episode on mortgage financing, as if on queue, something significant changes. If you sell financial products linked to LIBOR, changes may be heading your way…okay so maybe not till 2021! Today, Timothy Kitt, Senior Vice President, Head of Pricing and Execution for Freddie Mac released a statement on the replacement of the London Inter-Bank Offered Rate (LIBOR) with the Secured Overnight Financing Rate (SOFR), in support of the recommendation …

Debra Killian

Big Changes for Depository Lenders and Real Estate Professionals May Be on the Horizon.

Posted by Debra Killian
Date June 29, 2019

June 29, 2019

With low rates and refinances slowing down turn times in the middle of the summer selling season, changes may be coming that are most likely not on your radar. Depository institutions may want to begin to develop a strategy for Transitional Licensing Authority that could change the originator pool. The real estate industry is being sued for anti-competitive practices and NAMB is calling for Congress to open the SAFE ACT! What has me interested is …