Posts Tagged ‘state test’

Loan Originators Gain Common Ground

April 2nd, 2013 Comments off

According to the Conference of State Bank Supervisors, nationalmortgagenews says as of April 1, 2013, 20 states have signed on to a uniform state test for loan originators, allowing them to operate in those states without being re-tested. Another six states will be on board by October. As MHProNews has learned, the 2008 SAFE Act (Secure and Fair Enforcement for Mortgage Licensing Act) created state licensing requirements and testing for nonbank loan originators.

(Image credit: andyenstallblog)