Announcements

Missed your licensing renewal deadline.  What are your options? Complete a late renewal. There is a short window to allow this option depending on the state you live in.  Each state have different requirements, but the federal requirements allow two … Continue reading →

Oktoberfest Origins Oktoberfest is a week’s long beer festival held annually in German.  It is among the most famous events in Germany and world’s largest fair.  To follow the theme of camaraderie, we’re inviting you to refer a friend or … Continue reading →

The window to renew opens November 1st and will continue until December 31st.  NMLS is requiring you have your education hours banked, prior to attempting to renew your license. Key points: Education hours must be completed in the calendar year … Continue reading →

The FBI has issued a Mortgage Fraud Report for 2010, and the figures are not favorable for the mortgage industry.  Fraud continues to be a trillion dollar plague on our industry.  The fraudsters don’t follow the law requirements, and may … Continue reading →

Conference of State Bank Supervisors (CSBS) has issued a newsletter report to providers outlining where MLOs are in their renewals.  It is an eye opener in a few ways. As of June 30, 2011, 13% of the expected licensees have … Continue reading →

All mortgage originating lenders are required to complete a NMLS Mortgage Call Report.  It is submitted electronically and reports all the loans closed in the first quarter of the year.  This report will be required quarterly within 45 days of … Continue reading →

This seems to be an elusive question for some.  As your Education Business Partner, we have the answers for you. DRE Licensees The endorsement received to allow you to originate mortgage loans expires December 31, 2011.  The renewal requirements for … Continue reading →

It was a valiant attempt for the National Association of Mortgage Brokers and National Association of Independent Housing Professionals to attempt to get the MLO compensations changes stopped, but the courts supported the position of TILA and Dodd Frank Wall … Continue reading →

HOEPA (Home Ownership Equity Protection Act) advocates have long been concerned with the impact of mortgage broker yield spread premium on the consumer.  It is known that consumers rely on their MLO to provide them the best loan program available, … Continue reading →

DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT (Wall Street Reform Act) was enacted into law July 21, 2010.  Among other provisions, Title XIV of the Wall Street Reform Act amends TILA to establish mortgage loan origination standards. (HR4173, 2009) … Continue reading →