Tag Archives: NMLS

First Federal grows mortgage biz with NOLA Lending acquisition

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The Florida-based thrift expands its retail mortgage operations into Louisiana and Mississippi, and will keep most of NOLA Lending Group’s employees and brand identity. Continue reading →

Mortgage originator fined $31K, loses license in 19 states

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The settlement resolves allegations that someone else took pre-licensing and continuing education courses that Colorado-based loan officer claimed credit for. Continue reading →

Regulators modernizing giant database of mortgage pros

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Launched in the midst of the 2008 financial crisis to weed out bad actors, the Nationwide Multistate Licensing System & Registry (NMLS) is scheduled to be updated this weekend as part of a long-term modernization project. Continue reading →

How to become a mortgage broker in 6 steps

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Mortgage brokers have to undergo specific training to do their jobs, but a higher education degree is not required. Those with an aptitude for hard work and client relationships can find great success over the course of their careers. Continue reading →

Big Purple Dot launches recruiting tool for mortgage lenders

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BPD Recruit taps CoreLogic data to let lenders see who their competitors’ most productive loan officers are, then automates the process of luring them away. Continue reading →

Regulators probe ‘education fraud scheme’ by loan originators

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California is leading a multi-state regulatory task force investigating a company suspected of allowing mortgage loan originators to skirt their pre-licensing and continuing education coursework requirements. Continue reading →