The period for mortgage originators to begin registration begins today and runs through July 29, the NCUA and other financial regulators announced today.
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), requires employees of federally regulated institutions who originate mortgage loans to be registered with the Nationwide Mortgage Licensing System and Registry.
After July 29, people who aren't registered can't originate mortgages. Originators who have originated five or fewer mortgage loans in the last 12 months and have never been registered do not need to register.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
