The Complete California S.A.F.E. Act Study Guide Review
The Complete California S.A.F.E. Act Study Guide Overview
Congress sent the mortgage lending industry into a tailspin when it passed The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (The SAFE Act), and paved the way for the creation of the Nationwide Mortgage Licensing System (NMLS). No national system existed previously for licensing mortgage originators – an oversight that’s since become a scapegoat for America’s financial and housing crises.
The SAFE Act requires the licensing and registration of all Mortgage Loan Originators (MLOs), who must pass a written qualified test, complete pre-licensure education courses and take annual continuing education courses. MLOs must also submit fingerprints for FBI criminal background checks and authorize the NMLS to obtain independent credit reports.
This level of testing, education and background checking is new to mortgage brokers, many of whom are intimidated by the requirements. As daunting as it may appear, however, the oversight will undoubtedly raise the bar for an industry whose reputation has been marred by scam artists and other unsavory individuals for decades.
To help honest, professional mortgage brokers navigate the new state NMLS requirements and continue to enjoy fruitful careers in an industry he’s worked in for nearly 25 years, David Reinholtz, president of LoanOfficerSchool.com, is publishing series of 50 state-specific study guides for MLOs.
Reinholtz’s state study guides address a pressing need in the industry from mortgage loan originators who must be licensed in every state where they conduct business. Whether they need one guide to work in their home state, or 10 guides to originate loans in as many states, Reinholtz’s books will meet and exceed expectations.
“There’s nothing else like these books available on the market today,” said Reinholtz, an industry advocate who enjoys seeing mortgage loan originators thrive and prosper by running honest, ethical businesses. “These books fill a gap where MLOs need the most help by teaching them how to navigate and pass the new state NMLS requirements.”
The information-packed study guides walk mortgage brokers explain in plain English exactly how to comply with the new law, study for the test and buck the average failure rate of 35 percent for first-time test takers. Readers get firsthand information about the NMLS itself and the role it will play in the mortgage lending industry; learn about the testing, fingerprinting and credit check process; and find out how to set themselves up for success in the future through continuing education.
Instead of wallowing in the new regulations, waiting for a helping hand, why not take a proactive stance by ordering one or more copies of Reinholtz’s new books today? You’ll be glad to have him as your shepherd through the initial licensing process, and well into the future.
The Complete California S.A.F.E. Act Study Guide Specifications
Congress sent the mortgage lending industry into a tailspin when it passed The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (The SAFE Act), and paved the way for the creation of the Nationwide Mortgage Licensing System (NMLS). No national system existed previously for licensing mortgage originators – an oversight that’s since become a scapegoat for America’s financial and housing crises.
The SAFE Act requires the licensing and registration of all Mortgage Loan Originators (MLOs), who must pass a written qualified test, complete pre-licensure education courses and take annual continuing education courses. MLOs must also submit fingerprints for FBI criminal background checks and authorize the NMLS to obtain independent credit reports.
This level of testing, education and background checking is new to mortgage brokers, many of whom are intimidated by the requirements. As daunting as it may appear, however, the oversight will undoubtedly raise the bar for an industry whose reputation has been marred by scam artists and other unsavory individuals for decades.
To help honest, professional mortgage brokers navigate the new state NMLS requirements and continue to enjoy fruitful careers in an industry he’s worked in for nearly 25 years, David Reinholtz, president of LoanOfficerSchool.com, is publishing series of 50 state-specific study guides for MLOs.
Reinholtz’s state study guides address a pressing need in the industry from mortgage loan originators who must be licensed in every state where they conduct business. Whether they need one guide to work in their home state, or 10 guides to originate loans in as many states, Reinholtz’s books will meet and exceed expectations.
“There’s nothing else like these books available on the market today,” said Reinholtz, an industry advocate who enjoys seeing mortgage loan originators thrive and prosper by running honest, ethical businesses. “These books fill a gap where MLOs need the most help by teaching them how to navigate and pass the new state NMLS requirements.”
The information-packed study guides walk mortgage brokers explain in plain English exactly how to comply with the new law, study for the test and buck the average failure rate of 35 percent for first-time test takers. Readers get firsthand information about the NMLS itself and the role it will play in the mortgage lending industry; learn about the testing, fingerprinting and credit check process; and find out how to set themselves up for success in the future through continuing education.
Instead of wallowing in the new regulations, waiting for a helping hand, why not take a proactive stance by ordering one or more copies of Reinholtz’s new books today? You’ll be glad to have him as your shepherd through the initial licensing process, and well into the future.
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Lamp Center Tips
| Price : $90.00 | Post Date : Jan 23, 2012 21:21:24
