AllRegs Offers SAFE Act-Compliant Originator Course

The 20-hour mortgage loan originator SAFE comprehensive course by mortgage lending industry information provider AllRegs gained approval by the Nationwide Mortgage Licensing System & Registry (NMLS). AllRegs, which gained its education approval from NMLS in July, offers the 20-hour pre-licensing and 8-hour continuing education courses to meet the minimum requirements nationwide under the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act). “Now, loan originators will be able to fulfill their 20-hour pre-licensing requirement with this single, all-inclusive course,” said senior vice president Dan Thoms in a media statement. “Additionally, lenders are already calling us now to provide a comprehensive training solution at their location.” The SAFE Act requires state-licensed mortgage loan originators to complete the 20 hours of pre-licensing education by Jan. 1, 2011 or earlier, depending on state law. Write to Diana Golobay.