Skip to main content

CampusMBA offering comprehensive SAFE Act courses

NationalMortgageProfessional.com
Dec 04, 2009

CampusMBA, the award winning education division of the Mortgage Bankers Association (MBA), has announced it has begun offering courses as approved by the Nationwide Mortgage Licensing System (NMLS) under the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act). The SAFE Act, part of the Housing and Economic Recovery Act of 2008 (HERA), establishes minimum national standards for mortgage training, both in pre-licensing and continuing education. CampusMBA's approved courses include a 20-Hour SAFE Comprehensive course on the essentials of mortgage origination as well as various SAFE elective courses covering FHA, reverse, and VA fundamentals. "Through CampusMBA's newly approved course offerings, meeting the SAFE Act's pre-licensure requirements could not be easier," said Paul Green, MBA's senior vice president of corporate relations, education and business development. "As lenders have to carve time out of their busy schedules to meet the new SAFE Act requirements, we are proud to offer various options to fit their unique situations." In addition, CampusMBA announced that its School of Mortgage Banking I (SOMB I) curriculum has been approved to meet the 20 hour pre-licensing requirement under the SAFE Act. The 33 hour SOMB I course offers an all-encompassing curriculum on the essentials of mortgage banking. Those who successfully complete SOMB I also earn points toward becoming a Certified Mortgage Banker (CMB), the mortgage lending industry's most prestigious designation. For more information, visit www.campusmba.org.
Published
Dec 04, 2009
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021