Items Tagged with 'SAFE MLO'

ARTICLES

  • Loan originator licensing rules are about to change: Here's what you need to know

    New LO licensing rules go into effect in November 2019
    It's about to get much easier for mortgage loan originators to switch jobs and continue originating mortgages without any license-related delays. Under the current rules of the SAFE Mortgage Licensing Act, an LO who moves between states or from a bank to a nonbank is required to wait for a new license before they can begin originating at their new job. But after a years-long push from the mortgage industry, those rules are about to change.
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  • 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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