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Impact on Customer × 1	$79.00
Redesigned URLA - How to use the new 1003 × 1	$29.00
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Mortgage Insights

Can MLOs Truly Be Independent Contractors?

Is it a Federal or State Law? Many mortgage companies operate under the assumption that classifying Mortgage Loan Originators (MLOs) as independent contractors is permissible, often citing a perceived lack of concern from state regulators. However, it's crucial to understand that

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What It Takes to Pass the NMLS Test!

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California's AB 3108: New Felony Charges for Mortgage Brokers

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Mortgage Training Doesn’t Have to Be Overwhelming or Expensive—Here’s a Better Way!

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NAR's Home Finance Resource Certification presented by Deb Killian

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The mortgage origination field can seem quite appealing, offering the potential for high earnings, autonomy, and the satisfaction of assisting others with their home financing. However, this allure often leads to unrealistic expectations and, ultimately, disillusionment and failure. True success in

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When Starting a Mortgage Broker Business...Hope is Not a Strategy!

I have been receiving many inquiries about what it takes to start a mortgage broker business and how to get started. I recently spoke to a gentleman who thought he wanted to start his own business, but after our lengthy

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The Top 10 Reasons to Teach Real Estate Continuing Education!

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DOL Closes the Door on Mortgage Originators Paid as Independent Contractors

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Under 20 Employees? Your Business May Be Subject to New Beneficial Ownership Interest (BOI) Rules!

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CFPB Issues Fines for Favors: Mortgage and Real Estate Firms Handed $1.95M Penalty for RESPA Violations

In a startling turn of events, two major players in the mortgage and real estate industry have been dealt a hefty blow with fines totaling a staggering $1.95 million. The penalties come as a result of their failure to comply

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"Accelerate Your Success with Our Exclusive 20-Hour Pre-Licensing Education Program: Unbeatable Value at Just $299!"

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7 Hours in Front of 125 Real Estate Agents! Loan Originators Pay Attention! Now Is The Time...Learn to Teach Real Estate Continuing Education!

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Jeanne Kelly & Debra Killian Announce New Program for Originators Working with Realtors!

Join Jeanne Kelly Credit Coach and Debra Killian on Credit Over Coffee as they discuss getting into the mortgage industry and Debra's E-Course, Mortgage Origination Practices. 2023 will be a challenging year for most mortgage companies and originators. Everyone wants purchase business. This

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Employee or Independent Contractor Classification Under the Fair Labor Standards Act

On October 13, 2022 the Federal Department of Labor published findings in Vol. 87, No. 197 of the Federal Register. The W-2/1099 controversary hits many businesses. As stated in previous posts, there is no special 1099 consideration for mortgage loan originators. Regardless

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Is Anti-Money Laundering (AML) Mandatory Compliance Coming for Realtors?

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UDAAP-ECOA-TILA Are You Ready for Examiners?

The overlap between federal and state laws and regulations becomes very apparent once there is an examination and/or an enforcement action. With COVID dominating our work environment over the past two years, not many audits or exams were scheduled by state

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Fannie Mae COVID Guideline Change

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Mortgage Company Compliance Requirements for AML Training

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