The Mortgage Bankers Association’s education division, CampusMBA, recently got the OK to provide courses through the Nationwide Mortgage Licensing System (NMLS) under the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act).
"CampusMBA has long been committed to ensuring our members have the relevant tools and training necessary to comply with the most up-to-date industry and regulatory standards," said Paul Green, MBA’s senior vice president of corporate relations, education and business development, in a press release. "We are thrilled to provide thorough and dynamic courses to ensure companies and their staff can meet the SAFE Act’s pre-licensure and continuing education requirements with minimal disruption to their important daily business."
Those requirements include at least 20 hours of pre-licensing education and at least eight hours of continuing education on an annual basis, according to the MBA. Required subject matter includes federal law and regulations, ethics, fraud, consumer protection and fair lending issues, as well as instruction on mortgage origination.