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

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

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