Compliance Reminders for the End of the Year

Credit unions have until Dec. 31 to register or renew their Mortgage Loan Originators and complete both a SAFE Act and ACH audit.

Reminder: NMLS Annual Renewal Period Ends Dec. 31

The SAFE Act requires residential mortgage loan originators who are employed by agency-regulated institutions to register with the Nationwide Mortgage Licensing System and Registry. The annual renewal period runs through the end of the year.

Think You Are Safe With Regard to the SAFE Registry? Think Again.

The Nationwide Mortgage Licensing System (NMLS) and Registry, the registry for mortgage loan originators, has warned users that its renew status report contains errors.

Reminder: NMLS Annual Renewal Period Ends Dec. 31

The SAFE Act requires residential mortgage loan originators who are employed by agency-regulated institutions to register with the Nationwide Mortgage Licensing System and Registry. The annual renewal period runs through the end of the year.