FHA MIP Changes.
NMLS Approved Course
20 HOUR ARIZONA LOAN ORIGINATOR COURSE IS HERE! All mortgage loan originators must complete 20 hours of NMLS approved education and become licensed under Arizona Law. On the Legislative front, House Bill 2143 has passed and Arizona law now conforms to all of the provisions of the federal S.A.F.E.Act. The date by which Arizona loan originators…
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Loan Originator Licensing Update, July 22, 2009
GREAT NEWS! Hogan School is the First Arizona School to receive approval as a course provider from the NMLS (Nationwide Mortgage Licensing System.) We are now in the process of submitting our Loan Originator Licensing course to the NMLS. We expect that approval to be obtained by the end of August or Early September. We…
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Loan Originator Licensing Update, June 10, 2009
We have been getting lots of phone calls about the course and exam for loan originator licensing. Here’s the latest…The Arizona Department of Financial Institutions is trying to reconcile the differences between Arizona loan originator licensing statutes and the federal loan originator licensing law under the S.A.F.E. Act. What we know now is: The required…
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Important Mortgage Licensing Dates
The Arizona Department of Financial Institutions (AZDFI) has posted a list of dates by which all mortgage bankers, mortgage brokers and loan originators must comply with new laws and register with the Nationwide Mortgage Licensing System (NMLS.) This is High Priority for all mortgage licensees and loan originators.
Loan Originator Licensing Update
Last year Senate Bill 1028 was passed and signed into law (ARS 6-901 et seq.) It requires all loan originators in Arizona to be licensed by January 1, 2010. Late last year a federal law known as the S.A.F.E. Mortgage Licensing Act was enacted. It too requires loan originators to be licensed. Both laws require…
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