Archive for November, 2010

Florida Deadline Approaching

November 29, 2010

The deadline for existing licensees in Florida to successfully submit an MU4 filing and be in a “Pending – Review” status is December 31. The chart below shows the percentage of existing licensees that have satisfied each of the SAFE Act requirements. See the Florida Mortgage Loan Originator New Application Checklist for the requirements to be placed in a “Pending – Review” status.

23,000 MLOs Complete Credit Report in 2 Days

November 3, 2010

On the first two days that Credit Report functionality was made available through NMLS, over 23,000 individuals went in and completed the identity verification process (IDV) to authorize NMLS to send a credit report to their regulator(s).  Wow!  With deadlines approaching, and the annual renewal process simultaneously opening, it’s a great start.  For steps on submitting your Credit Report, go to the NMLS Resource Center > Credit Report.

You can complete both Credit Report and Annual Renewal in one shot.  Just be sure to check with your company before you go in, especially if they will be paying.