The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) mandates a nationwide licensing and registration system for residential Mortgage Loan Originators (MLOs). The purpose of the Act is to provide transparent information regarding mortgage loan transactions to regulators and consumers. The goal of the required registration is to improve the flow of information to and between regulators; provide increased accountability and tracking of mortgage loan originators; enhance consumer protections; support anti-fraud measures, and increase consumer access to information about mortgage loans originators. This SAFE Act Training for MLOs online training will provide you with the information you need to know about registering mortgage loan originators and the SAFE Act.
Course Learning Objectives
By taking this online SAFE Act Training for MLOs course, the user will learn to:
- Determine if you are an MLO who needs to register with the NMLS
- Understand your responsibilities as a registered MLO
- Ensure compliance with the Act
This online SAFE Act Training for MLOs course is made up of the following sections:
- What is an MLO?
- MLO Responsibilities
- The Registration Process
- Use of the Unique Identifier
- Financial Institution Responsibilities
This SAFE Act Training for MLOs online training course was designed for bank employees.
If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.