NMLS Approves AllRegs’ SAFE Act Classroom Equivalent Course

Posted by Orb Staff on June 30, 2010 No Comments
Categories : Residential Mortgage

s, an information provider for the mortgage lending industry, says its 20 Hour SAFE Comprehensive Mortgage Loan Originator classroom equivalent course, NMLS # 1633, has been approved by the Nationwide Mortgage Licensing System & Registry (NMLS). The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires that pre-licensing and continuing education courses for state-licensed mortgage loan originators be approved by the NMLS. AllRegs became an Approved Education Provider (#1400024) by the NMLS on July 7, 2009. Currently, 20-hour pre-licensing and eight-hour continuing education courses are set as the minimum requirements in every state under the SAFE Act. In order to meet these SAFE Act requirements, courses must be approved by the NMLS. AllRegs' 20 Hour SAFE Comprehensive Mortgage Loan Originator classroom equivalent course coursework fulfills the entire 20-hour pre-licensing requirement, AllRegs reports. "Students can now take this pre-licensing training at their convenience, whether at their home, office or other location, based on a regular course schedule," explains Dan Thoms, executive vice president of AllRegs. "We now plan to have a compelling value proposition for every mortgage loan originator and broker that are required to meet this training requirement." SOURCE: [link=http://www.allregs.com]AllRegs

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