Banker's Compliance Consulting Blog

SAFE Act: What’s the Purpose?

Written by Jerod Moyer | Oct 31, 2022 7:03:56 PM

Back in 2010, we were blessed with the SAFE Act. That’s the Secure and Fair Enforcement for Mortgage Licensing Act. The SAFE Act is all about keeping tabs on both financial institutions that participate in mortgage lending as well as the individual mortgage lenders that are employed by financial institutions.

Jerod explains more in the video.

 

Ready to learn more? JOIN US for our webinar, “SAFE Act.” Featured topics include:

  • Who is a Mortgage Loan Originator (MLO)?
  • Financial Institution Responsibilities
  • MLO Responsibilities
  • The Nationwide Mortgage Licensing System (NMLS) Number & Registration
  • NMLS Number Requirements
  • Policy & Procedure Requirements
  • Ongoing Monitoring
  • Your Questions, Plain English Answers & More!

Published
2022/10/31