NMLS Launches 2018 Licensing Renewal Effort; Deadline Dec. 31
The Nationwide Mortgage Licensing System’s 2018 Streamlined Renewal Process begins November 1 and ends December 31. MBA encourages Mortgage Loan Originators to renew their licenses as soon as possible.
Licensed Mortgage Loan Originators and companies around the country began receiving communications encouraging them to begin the process of renewing their licenses for 2018. The NMLS makes clear that every effort should be made to submit license renewals before November 30.
For a list of state regulator renewal deadlines, requirements, renewal fees and more, see the Annual Renewal Page on the NMLS Resource Center (http://csbs.org.bmetrack.com/c/v?e=BC0684&c=5AC5F&t=0&l=80C905&email=WXK9zh7tKFOxVpLX4BtWJQ==).
Consult the Renewal Handbook, located on the NMLS Resource Center, for assistance (http://mortgage.nationwidelicensingsystem.org/slr/common/renewals/Pages/default.aspx). Companies may be prevented from renewing if all license requirements are not met. Failure to update your record prior to the November 1 start of the NMLS Streamlined Renewal Process may delay approval of the company license renewal.
Reminder: Users that have not logged in to NMLS this quarter must review their user profile the next time they log in. Any user who has not entered their title/position held at the company associated with their user account will be required to do so when reviewing their profile.
MLOs should be working now to complete their continuing education requirements, and can review this flow chart for a quick reminder on the renewal process: http://mortgage.nationwidelicensingsystem.org/slr/common/renewals/NMLS Document Library/MLO Renewal Work Flow.pdf.
MBA Education NMLS Approved SAFE Training
Most pre-licensing training is stale, routine and deficient in providing an engaging learning experience for students. MBA Education offers NMLS pre-licensing and continuing education online, in a highly engaging format, and at an affordable price–without the expense and business disruption of travel. These are self-study and self-paced courses, so you can take them when it’s convenient for you. Anytime and anywhere.
No Textbook Required
This online course uses the same high-quality content you would expect from a college-level textbook. The content is delivered entirely over the Internet through an engaging and interactive format and can be accessed through your PC or Mac computer, as well as any mobile phone or tablet device.
8-Hour SAFE Comprehensive Continuing Education 2017 Course
The MBA Education 8-Hour SAFE Comprehensive: Continuing Education 2017 course is “successive-year compliant,” with unique content for May 2017-May 2018. The price for this course is $99.00 and includes the required $12.00 NMLS credit banking fee.
Components
–Three hours of federal law and regulations
–Two hours of ethics
–Two hours of nontraditional mortgage products
–One hour elective
Who Should Attend
–Mortgage loan originators seeking to meet their SAFE continuing education requirements in states that do not require state-specific education.
Note: Course content was developed by Dearborn Real Estate Education (a subsidiary of Kaplan Education). According to NMLS guidelines you cannot take the same 8-hour course in consecutive years and many states have additional state-specific continuing education requirements. Though NMLS recommends completing your continuing education requirements by Friday, December 22. MBA recommends that you complete the course by midnight ET on Wednesday, December 13.
To register, click http://three.prou.net/store/catalog2.tpl?exam_state=DC&schoolID=MBA&__Header6=MBA&__Header11=Y&SKU=SCE75DCMB.
For more information about MBA Education offerings, visit www.mbaeducation.org.
For more information about NMLS requirements, contact William Kooper (202) 557-2737 wkooper@mba.org.
