Very Important Information Regarding The SAFE Act.
The SAFE Act requires that independent or contract loan processors and underwriters must also register with the NMLS as Mortgage Loan Originators. The MLO License Endorsement will be added to the DRE Broker License as an MLO Endorsement.
Processors or underwriters who do not already have a DRE Broker License will have to obtain one by December 31, 2010, or before doing any activities as an independent or contract loan processor or underwriter after December 31, 2010.
TRID - Aug. 1, 2015
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