Investing It is now official that all non-depository Mortgage Loan Originators (MLOs) must attend mortgage loan training to comply with the Secure And Fair Enforcement (SAFE) Mortgage Licensing Act. To be compliant, the Act mandates any MLO working for a non-depository institution attend loan officer training education. Referred to as Pre-licensing Education (PE), this loan officer education must be satisfied to comply with SAFE Act requirements and keep your loan officer career on track. All MLO applicants for state licensure must pass a national and state exam in addition to the loan officer education. To begin the loan officer licensing process, all applicants must first register with the Nationwide Mortgage Licensing System and Registry (NMLS&R) and obtain a Unique Identifier (UI). This Unique Identifier (UI) will serve as the Mortgage Loan Originators (MLOs) PIN and be used to track the MLOs loan officer education, exams and other loan officer activities nationwide. The Nationwide Mortgage licensing System & registry, referred to as the NMLS, is maintained by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR). Once a MLO candidate has registered, the next step is to select a loan officer education course, referred to as Pre-License Education or PE. The SAFE Act requires a minimum of 20 hours of mortgage loan training PE. This PE is available only through NMLS approved education providers, which can be accessed through the NMLS website. In addition to PE, every candidate must pass both a state and national test component with a minimum score of 75% on these loan officer exams. It is recommended before taking the mortgage exams that the MLO select a PE course designed to help prepare them to pass the loan officer tests. The PE course may be taken in one of the following three PE formats, a traditional live classroom event, instructor led online, or a live-equivalent online course. Many MLOs are choosing the live-equivalent format because it provides the powerful impact of a live event and all the convenience of an online course. This popular live-equivalent loan officer education platform allows for direct, real-time interaction with the instructor. The key concept here is that you choose a NMLS approved, mortgage loan training institution. is a NMLS approved online, mortgage loan training institution and you can get live support by visiting their website. Abacus Mortgage Training and Education has helped more than 20,000 MLOs through the licensing process. They have designed comprehensive Pre-licensing Mortgage Loan Officer Education necessary for passing the loan officer exams. The national and state tests are challenging and the main fear is not receiving the targeted mortgage loan training content necessary for passing the tests by the required 75% score. To ensure the proper mortgage loan training content and sufficient preparation, Abacus has combined its loan officer education with test targeted study tools. Abacus and its expert staff have developed the exclusive, SAFE-Smart ExamCram designed to prepare the MLO for the national and state test components. Save time and your hard earned money by registering directly with .abacusmortgagetraining.., attend your loan officer training, pass the test and get your mortgage career moving forward. About the Author: 相关的主题文章: