Items Tagged with 'SAFE MLO'


  • House passes sweeping change to loan originator licensing rules

    SAFE Transitional Licensing Act of 2015 moves to Senate
    The House of Representatives just passed a bill that could create a huge impact on the mortgage industry, as mortgage loan officers may soon be able to transition from a traditional bank to a nonbank and keep originating new mortgage loans without having to wait for a new license. Now, it's on to the Senate for the SAFE Transitional Licensing Act of 2015.
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  • Colorado adopts the SAFE Mortgage Loan Originator test

    51 state agencies now use test
    Colorado is the newest state to start using the nationwide SAFE mortgage loan originator test, bringing the total number to 51 state agencies. When the test was first made available in 2013, only 26 state agencies joined in. The test combines both the national and state testing requirements of the SAFE Act and streamlines the license application process for MLOs seeking licenses in multiple states.
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