Monthly Archives: December 2012

About CE Reported on December 31


CE reported into the system today will be recorded; however, it takes 24 hours for a course completion to be recognized in NMLS and for the system to recognize an MLO is eligible for renewal.  So while the system will recognize that an MLO has completed CE by the 12/31 deadline, the MLO will not be able to file for renewal on time.  MLOs instead will have to file for reinstatement or a new a license after January 1.

MLOs that do not complete CE by the 12/31 deadline will be required to make-up CE by completing a Late CE course.  The 2013 Late CE course catalog will be posted on the education page of the NMLS Resource Center on January 2.

NMLS New Year Holiday Hours


NMLS will be closed on December 31 and January 1 for the New Year’s holiday.  Normal office hours will resume on Wednesday, January 2.   We wish everybody a safe and happy holiday!

Content Outline and Reference List for National Component of the MLO SAFE Test Posted


An updated content outline for the National component of the SAFE MLO test is now available in the NMLS Resource Center.   In addition to showing weighted content domains, the test outline also includes an updated and more detailed reference list which may be used by MLOs to help prepare for the test.  The test outline also has an effective date stamp posted on it (see the Jan 10 posting of the Newsletter for more information on effective date stamping).  The test content outlines may be found on the testing page of the NMLS Resource Center at: http://mortgage.nationwidelicensingsystem.org/profreq/testing/Pages/TestContentOutline.aspx

FINAL Reminder of Annual CE Deadlines and Holiday Hours


A majority of state regulators will prevent an MLO from submitting an application for licensure renewal if they have not completed annual CE.  To help reduce calls coming into the call centers (your own as well as NMLS) it is requested that you credit bank as soon as possible so that an MLO’s CE compliance will set in the system.

It takes 24 hours for a course completion to be recognized in NMLS and for the system to recognize an MLO is eligible for renewal.  MLOs need to plan accordingly!

Smart Deadline: Courses reported to NMLS by Friday, December 21
At Risk to Miss Renewal: Courses reported to NMLS by Friday, December 28
Guaranteed to Miss Renewal: Courses reported to NMLS on Monday, December 31

NOTE: The last day for technical or customer service support for on-time CE reporting will be Friday, December 28 at 3pm ET.  Please do not wait until the last minute to report a problem. 

NMLS Holiday Hours

During the holiday, NMLS will be closed on the following days:
December 24 and 25 for Christmas
December 31 and January 1 for New Year

Reminder of NMLS Transition to One Test Delivery Vendor


The course provider community is reminded that effective January 1, 2013, NMLS will use Prometric as the sole test delivery vendor. Pearson VUE will no longer administer the NMLS SAFE MLO Test Components after December 31, 2012. MLOs who have any appointments scheduled with Pearson VUE up to and including December 31, 2012 will be honored and will not be affected.

Course providers who are offer information to MLOs about how to pay for and schedule a test appointment need to update their documentation accordingly.

December Course Renewal Period Open


The following courses are up for renewal in December.  If you have a course listed below and do not intend to renew it, please let Alan Ridenour (aridenour@csbs.org) know.

1977       2 Hour SAFE FHA Fundamentals CE Elective
1978       2 Hour SAFE Investors Role in Mortgage Lending CE Elective
2622       4 Hour KY SAFE Homeowners’ and Lenders’ Rights in the Kentucky Foreclosure Process
2623       4 Hour KY SAFE Homeowners’ and Lenders’ Rights in the Kentucky Foreclosure Process
2624       4 Hour KY SAFE Homeowners’ and Lenders’ Rights in the Kentucky Foreclosure Process
2724       8 Hour SAFE Comprehensive Maintaining Momentum in the Changing Mortgage Marketplace
2725       8 Hour SAFE Comprehensive Maintaining Momentum in the Changing Mortgage Marketplace
2726       8 Hour SAFE Comprehensive Maintaining Momentum in the Changing Mortgage Marketplace
2727       7 Hour SAFE Core Maintaining Momentum in the Changing Mortgage Marketplace
2728       7 Hour SAFE Core Maintaining Momentum in the Changing Mortgage Marketplace
2729       7 Hour SAFE Core Maintaining Momentum in the Changing Mortgage Marketplace
2731       1 Hour SAFE CE: Clarifying Conventional Mortgage Lending
1211       20 Hour SAFE Comprehensive Mortgage Loan Originator Course
1224       20 Hour AZ SAFE Comprehensive Mortgage Loan Originator Pre-licensure Course
1228       20 Hour SAFE Comprehensive Mortgage Loan Originator
2734       1 Hour NC SAFE: Law Update
2617       12 Hour NJ SAFE Comprehensive
1238       4 Hour NJ SAFE: NJ State Laws
2733       8 Hour SAFE Comprehensive: Mortgage Essentials
2629       2 Hour SAFE: Ethics and Fraud Consumer Protection: Fair Lending
2630       1 Hour SAFE: RESPA
1233       17 Hour SAFE Core MLO Course
1234       20 Hour SAFE Comprehensive MLO Course
1251       3 Hour VA SAFE: Virginia MLO Law
2628       1 Hour NC SAFE State Law Review
2722       8 Hour SAFE Comprehensive Mortgage Loan Originator
1212       4 Hour NC SAFE: North Carolina Origination Essentials
1213       20 Hour SAFE Comprehensive Origination Essentials
1248       20 Hour SAFE Comprehensive Mortgage Pre License Program
1209       2 Hour ID SAFE: ID State Law
1215       3 Hour MA SAFE: MA State Law
1236       3 Hour RI SAFE: RI State Law
1245       4 Hour AZ SAFE: AZ State Law
1953       2 Hour OR SAFE State Law and Regulations – CE
1974       1 Hour MD SAFE State Law and Regulations – CE
2618       1 Hour SAFE: The MARS Rule
1979       10 Hour NV SAFE: Mortgage Fraud and Nevada Law
1959       20 Hour SAFE Comprehensive Mortgage Professional Course
2619       20 Hour SAFE Comprehensive Course
2626       4 Hour KY SAFE: Kentucky Law – A Review of KRS 286.8 and 360.100
1954       2 Hour SAFE Ethics: The Essential Red Flag Rules Made Easy
1961       3 Hour SAFE Federal Law: A Summary of the Big Seven Consumer Credit Laws
1975       1 Hour SAFE Elective: How and Why Interest Rates Move & Why You Need to Know
2621       4 Hour AZ SAFE CE Arizona Mortgage Law
2730       3 Hour NV SAFE CE Nevada Law Basics
1207       20 Hour SAFE Comprehensive Residential Lending
1239       1 Hour PA SAFE CE – Pennsylvania HFA and Usury Law
2627       1 Hour RI SAFE – Rhode Island Mortgage Professional’s Rulebook
2732       3 Hour NV SAFE CE – Nevada Mortgage Professional’s Rulebook
2735       2 Hour WV SAFE Online PE – West Virginia State Law
2736       2 Hour ID SAFE Online PE – Idaho State Law
1223       20 Hour SAFE Comprehensive Mortgage Loan Originator Course
1221       5 Hour MD SAFE: Maryland Mortgage Laws
1222       3 Hour MA SAFE: Massachusetts Mortgage Laws
1226       20 Hour NJ SAFE Comprehensive: New Jersey Pre-license Course
1227       4 Hour NJ SAFE: New Jersey Mortgage Laws
1241       20 Hour DC SAFE Comprehensive: District of Columbia Pre-license Course
1242       3 Hour DC SAFE: District of Columbia Mortgage Laws
1957       3 Hour NY SAFE State Law: Mortgage Lending Conduct
1960       20 Hour HI SAFE Comprehensive: Hawaii Pre-license Course
1963       20 Hour SAFE Comprehensive Course

2013 Version of the NMLS Functional Specifications Posted


NMLS has posted the 2013 Version of the Functional Specifications for All NMLS Approved Courses (Version 4).   This new version is in the course provider section of the NMLS Resource Center under the section titled “course approvals.”   The executive summary at the beginning of the document details the changes that have been made.   As most readers will note, no fundamental changes have been made to the document.   Changes in the 2013 version are intended to provide greater clarity and consistently in language throughout the document.

As most in the industry are aware, the CFPB will be releasing a significant number of final rules in January.  The focus of NMLS in 2013 will be on ensuring course content is current to reflect all the final rule changes.  We will also be applying a great deal of effort on validating course quality and delivery.

Version 4 of the NMLS Functional Specifications for All NMLS Approved Courses is effective January 1, 2013. Courses submitted for approval on or after January 1, 2013 must be in compliance with these requirements. All previously approved courses must be in compliance with the requirements by February 1, 2013.