The S.A.F.E. Act: Registration and Licensing Compliance Now

Recorded: Feb 2, 2010

Presenter: Dena M. Roudybush

Price: $249 / $199 for Affiliation Members

The Act is one component of The Housing and Economic Recovery Act of 2008, designed to assist with the recovery and the revitalization of America's residential housing market. This course will provide a thorough review of the Act to ensure compliance with all loan officer licensing and registration obligations imposed by the S.A.F.E. Act.

• The Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) requires all financial institution employees who act as residential mortgage loan originators to register with a new nationwide registry.  Learn which employees fall within the definition of “loan originators” and who is excepted from licensing and registration.
• What are the “minimum standards” set forth under S.A.F.E?
• What are the annual registration and licensing requirements for loan originators and institutions?
• Participants will be walked through the process of using the National Mortgage Licensing System (NMLS) to apply for a company license and manage branch and loan originator licenses.
• Learn about course requirements and state requirements for the education and testing component of S.A.F.E.
• Gain valuable insight on effectively using NMLS.
• Institutions are required to establish written policies and procedures so they can monitor their registered mortgage loan originators to ensure compliance with S.A.F.E.

This comprehensive course will cover “best practices” procedures to manage your company and individual records in NMLS.

BIO: Dena M. Roudybush serves as lead counsel for Compliance Counsel, PC, a Virginia-based law firm that represents mortgage lenders and brokers, banks, mortgage servicers, and private equity firms on regulatory compliance matters.  Ms. Roudybush is recognized in the mortgage banking industry as an expert on regulatory compliance matters. She has served as General Counsel and Director of Servicing for a national mortgage servicing company and continues to educate and advise banks, credit unions, lenders, and servicers on all aspects of mortgage banking law on a national level. Additionally, Ms. Roudybush has made several guest appearances on Washington D.C.’s ABC morning and evening news in 2009 to discuss the current housing crisis. She was the first featured female guest on the CBS radio show "Start Up or Shut Up" honoring successful D.C. Metropolitan entrepreneurs in August, 2009 and was the former host of the CBS radio show "Mortgages, Money & More."

Continuing Professional Education Credit

Delivery Method: Group Internet-based       CPE Credits: 1
Program Level: Overview       Prerequisites: None       Advance Preparation: None
Registration: To register online, please select the time in the box in the upper right or call us at 1.800.477.1772

 

Sheshunoff Consulting + Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasbatools.com.

 

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