AllRegs Academy Approved As NMLS Education Provider

Posted by Orb Staff on August 03, 2009 No Comments
Categories : Residential Mortgage

http://www.allregs.com][u]AllRegs Academy[/u][/link] has gained approval as a mortgage education course provider through the Nationwide Mortgage Licensing System & Registry (NMLS). The Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) requires that pre-licensing and continuing education courses be approved by the NMLS, which was established in 2004 as an initiative of state mortgage regulators to streamline the mortgage licensing process. Established as part of the Housing and Economic Recovery Act in 2008, the S.A.F.E. Act is intended to improve consumer protection and reduce fraud through establishing various licensing standards. Currently, 20-hour pre-licensing and eight-hour continuing education courses are set as the minimum requirements in every state. In order to meet these S.A.F.E. Act requirements, courses must be approved by the NMLS. "We are proud to have been deemed an approved mortgage education provider by the National Mortgage Licensing System & Registry, and thank the NMLS team for their commitment to building this industry-wide, federally mandated licensing and registry initiative," says Dan Thoms, senior vice president for AllRegs. " SOURCE: [link=http://www.allregs.com]AllRegs

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