The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) mandates a nationwide licensing and registration system for residential Mortgage Loan Originators as well as the development of policies and procedures for complying with the Act. This course will provide those individuals who are program administrators and others involved in complying with the regulation (compliance officers, human resources, operations, etc.) with the information needed to ensure compliance with the SAFE Act.
- Provide the Registry with the correct information to obtain a financial institution ID number
- Create appropriate policies and procedures for the financial institution and implement them
- Determine who at the financial institution is an MLO
- Understand the requirements that MLOs must follow in regard to the SAFE Act
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