SAFE Mortgage Loan Officer test adopted in 10 more states
Ten additional state agencies adopted the National SAFE Mortgage Loan Officer test, bringing the total to 30 state agencies that have implemented the exam, the Conference of State Bank Supervisors said.
The test first launched in April, with 26 states agreeing to utilize it. Another ten states jumped on board this week.
The new states include: Alabama, Alaska, Indiana, Kansas, Montana, Nebraska, New Jersey, Tennessee, Vermont and Wyoming.
"Today’s adoption of the new National SAFE MLO test by these agencies makes the application process easier for individuals seeking mortgage loan originator licenses in their state," said Bob Entringer, commissioner of the North Dakota Department of Financial Institutions and chairman of the State Regulatory Registry.
He explained, "An originator who passes the new test is compliant with the SAFE Act testing requirements in thirty states."