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AllRegs SAFE Act course approved by NMLS

sion of learning objectives; the course must have sufficient material, the course must be of sufficient difficulty; the course must be of sufficient length; the course must be delivered in an environment conducive to learning; and the course must have a defined start and ending time. “This approval brings AllRegs one step closer to achieving our goal of being the premier source for SAFE Act education and helping industry professionals meet their licensing requirements,” Thoms added. State-licensed mortgage loan originators are currently required to have the 20 hours of pre-licensing education completed by Jan. 1, 2011 or an earlier date set by each state.

Non-licensed mortgage loan originators must have their pre-licensure education completed by July 30, 2010 or a deadline determined by the regulator of the state in which they do business. For more information, visit

LPS acquires fraud prevention provider Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage and real estate industries, has announced its acquisition of Verification Bureau, a developer of fraud prevention and

Residential Mortgage Banking Branch Program for Professionals Guaranteed, an established and well-funded Mortgage Banker since 1992, is positioned to continue its prominence in the industry. As a leading FHA Direct Endorsed Lender, we underwrite all files in-house. This allows for faster approvals, common-sense underwriting and timely closings. We are actively seeking relationships with productive mortgage teams and entrepreneurial mortgage professionals.


108 Corporate Park Drive, Suite 301, White Plains, NY 10604 CALL: Kelley Berkheiser at (443) 418-7213 or Louis Tesoriero at 888-329-GHMC.

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AllRegs has announced that its 20-Hour Mortgage Loan Originator SAFE Comprehensive course has been approved by the Nationwide Mortgage Licensing System & Registry (NMLS). The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires that pre-licensing and continuing education courses for state-licensed mortgage loan originators be approved by the NMLS. Currently, 20-hour pre-licensing and eight-hour continuing education courses are set as the minimum requirements in every state under the SAFE Act. In order to meet these SAFE Act requirements, courses must be approved by the NMLS. AllRegs’ 20-Hour Mortgage Loan Originator SAFE Comprehensive coursework fulfills the entire 20-hour prelicensing requirement. “We are happy to announce that AllRegs’ 20-Hour Mortgage Originator SAFE Comprehensive course has been granted ‘NMLS-approved’ status,” said Dan Thoms, senior vice president for

AllRegs. “Now, loan originators will be able to fulfill their 20-hour pre-licensing requirement with this single, all-inclusive course. Additionally, lenders are already calling us now to provide a comprehensive training solution at their location. They are looking for this approved course, the practice assessment questions developed by AllRegs, and access to our state compliance product to provide a best-in-class solution for meeting SAFE Act requirements and preparation.” The NMLS must “apply reasonable standards in the review and approval of courses” in order to approve a course to fulfill SAFE Act requirements. The NMLS has established six criteria that a course must satisfy to gain approval, including: the posses- O

based Inc. Under the terms of the agreement, will recommend the integrated, multichannel Mortgagebot PowerSite pointof-sale (POS) platform to its clients and prospects as a preferred solution. “Mortgage lenders are increasingly turning to advanced POS automation as a means of reducing costs, increasing efficiency, and providing better service,” said Dan Welbaum, chief marketing officer of Mortgagebot. “Our new alliance with PCLender enables even more banks and credit unions to gain easy access to mortgage POS technology that can make them more competitive—and more profitable.” Mortgagebot PowerSite is a “hosted,” software-as-a-service (SaaS)-based solution. Both Mortgagebot and products can be conveniently deployed and updated via the Internet; with no PC software for lenders to install or maintain. PowerSite integrates a lender’s consumerdirect mortgage Web site with every other mortgage point of sale: the branch, the call center, and the lender’s team of professional loan officers. “Today’s market needs efficient, affordable mortgage automation,” said Sean Dugan, vice president of sales and marketing at “The integration of PowerSite with our Web-based LOS platform provides lenders with a robust, highly compliant, and cost-effective solution that can handle every aspect of the mortgage-lending process.” The new alliance gives clients ready access to mortgage POS tools that can help better serve borrowers, but also to manage increasing application volume and maintain full regulatory compliance—elements that are critical business requirements in light of today’s rising mortgage volumes and sweeping regulatory changes. For more information, visit or