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.