How’s that for a blunt question?   As I promised awhile back, I’m having our Course Consultants here at ProSchools keep track of interesting questions they receive about the upcoming NMLS license exams which are part of the S.A.F.E. Mortgage License Act.  Remember, all mortgage loan originators (MLOs) will need to pass a national license exam, as well as a state exam for each state they wish to be licensed in. 

As most of you know, the first group of states will start actual testing in August and mortgage loan originators and those seeking a license in those states can now log into the NMLS and register to take the exam.  Read the rest of this entry »

In answer to the question, are we there yet? Almost! Last week we received official word that ProSchools is approved as an NMLS provider!

The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires anyone wanting to offer NMLS courses must first become an “NMLS Approved” course provider.  Step one: done!

Next, all education courses for loan originators must be approved by the NMLS. This applies to both prelicense and continuing education courses. The NMLS is accepting course submissions from approved providers as of today, July 15.  It is expected to take approximately 30 days for course approval, although NMLS expects a limited number of prelicense courses approved by late July. Read the rest of this entry »