West Virginia Begins Using Uniform Mortgage Test

Jun 01, 2018

The CSBS has announced that the West Virginia Division of Financial Institutions began using the National SAFE Mortgage Loan Originator (MLO) Test with Uniform State Content, bringing the total number of state agencies that use the test to 58.

The test combines both the national and state testing requirements of the SAFE Act. Previously, West Virginia licensees had to take two tests: One national and one state. The new test replaces the separate, state-specific tests. A license applicant who passes the National SAFE MLO Test with Uniform State Content will not need to take any additional state-specific tests to hold a license within participating states.

“The West Virginia Division of Financial Institutions is committed to commonsense regulation of the financial services industry and protecting West Virginians from financial crime,” said Commissioner Dawn E. Holstein. “Professionals can become licensed as loan originators efficiently and affordably through this new streamlined process. We are pleased to offer this path to licensure in West Virginia.”

Louisiana Commissioner and State Regulatory Registry Chair John Ducrest said, “West Virginia’s adoption of the Uniform Standard Test is yet another critical step toward a single national testing standard for mortgage loan originators. State agencies that have adopted the test have witnessed a significant increase in mortgage license applications. This reflects the efficiency the uniform test brings to the licensing process and the expanded opportunity for conducting multi-state business.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Jun 01, 2018

Home Equity

Achieve Closes $261.5M HELOC Securitization Ahead Of Planned TPO Launch

The company expects to begin purchasing fixed-rate HELOCs from correspondent lenders during the third quarter

Achieve has completed a $261.5 million securitization backed by 3,129 fixed-rate home equity lines of credit as it prepares to begin purchasing HELOCs from correspondent lenders.ACHM Trust 2026-HE1 closed July 30 and was announced Aug. 6. It is Achieve’s first HELOC securiti...

Analysis and Data

Better Will Miss September Break-Even Target, Interim CEO Says

Platform volume overtook DTC, but costly enterprise integrations have yet to deliver, and new partnership growth is not expected until Q4

Better Home & Finance will miss its goal of reaching adjusted EBITDA break-even by the end of September, interim CEO Daniel Lewis acknowledged during his first earnings call leading the company.Rather than set another deadline, Lewis said Better must first show that it c...

Nov

California Mortgage Expo – Pasadena

Pasadena, CA

More from

Regulation and Compliance

Servicers Begin Testing Systems Ahead of VA Partial Claim Deadline

VA lenders and servicers have until Nov. 28 to implement the new loss mitigation waterfall and Partial Claim Program

Regulation and Compliance

Aug 06, 2026

ROAD Act’s Housing Incentive May Be Too Small To Move Supply

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

Regulation and Compliance

Aug 05, 2026

CRA Proposal Could Reshape Bank Lending And Affordable Housing Investment

The OCC and FDIC would put more weight on lending while easing community development requirements for hundreds of banks

Regulation and Compliance

Aug 05, 2026

Fannie Mae AI Governance Deadline Arrives Aug. 6

Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place

Regulation and Compliance

Jul 31, 2026

Condo Review Deadline Puts Lenders On The Clock

Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3