AllRegs, FICO’s preferred training provider for the mortgage industry and the official training provider for the National Association of Mortgage Brokers (NAMB), has announced that 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 in July of 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 received approval for the 20 Hour Mortgage Loan Originator SAFE Comprehensive classroom course (NMLS #1013) on Aug. 13, 2009, and announced four continuing education course approvals (NMLS Course #’s 1255, 1256, 1257 and 1258) in March 2010.
“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,” said 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.”
AllRegs’ 20 Hour SAFE Comprehensive Mortgage Loan Originator classroom equivalent course has successfully met all of the listed criteria, including:
►Possess learning objectives
►Course must have sufficient material
►Be of sufficient length
►Be delivered in an environment conducive to learning
►Have a defined start and end time
For more information, visit www.allregs.com.