Credit Plus Offering Online Registration for SAFE Act NMLS Education

Credit Plus Inc. has announced that it is offering online registration for NMLS courses that help mortgage loan originators comply with SAFE Act requirements for continuing education. Failure to complete all required coursework by Dec. 31 will result in a license suspension. State-licensed mortgage loan originators must complete eight hours of NMLS-approved education before the end of 2012. “Our goal is to help loan originators easily register for, and complete, the required eight hours of NMLS approved education. Our online registration enables busy professionals to fit the classes they need into their schedules, and ensure their license is never in jeopardy,” said Greg Holmes, national director of sales and marketing for Credit Plus Inc. NMLS coursework must include: ►Three hours of federal law and regulations ►Two hours of ethics, which must include instruction on fraud, consumer protection, and fair lending issues ►Two hours of training related to lending standards for the nontraditional mortgage product ►One hour of undefined instruction on mortgage origination It takes 24 hours for course completion to be recognized by the NMLS system and a license renewal to be approved. “The best time to finish up this coursework is now,” said Holmes. “Get it done before all the other end-of-year responsibilities come due.”