department of real estate: Updates on NMLS Pass Rates and 20 Hour SAFE Course
- 09/24/10 11:46 AM
So you have filed your MU4 application, signed up for your exams, and are ready to take the 20 hours of prelicensing education that you have been putting off since the beginning of the year. If this sounds like you, don't worry you are not alone. There are still THOUSANDS of MLOs left to take and pass the exams and become licensed with NMLS. It will be interesting to see who is still left in the business when January 1 rolls around. The test rates for August have been posted and they are not pretty. National pass rate is 70% and … (0 comments)
department of real estate: NMLS Transition Check List, One More Requirement Easily Overlooked!
- 08/20/10 06:31 AM
Well I don't know about you guys but I have been sitting here paitently waiting for word on my NMLS licenseing completion. After jumping through all of the hoops required by NMLS; filing both an MU4 and MU1 application ($500), taking my state and national exams ($169), fingerprinting, background check (ca-ching, ca-ching), giving them my first born child, I was FINALLY done and ready to receive my license. This was in MAY, so now that we are in the end of August, I broke down and called NMLS to find out what was taking so long for my licensing to be … (0 comments)
department of real estate: New California Mortgage Lending Webinar Available!
- 08/05/10 10:13 AM
For those of you who haven't taken your State Exam for the MLO licensing requirement, you will be happy to know that the Hughes School now has a California Mortgage Lending Webinar available to help you cram for your test. This live 2 hour class will cover all of the aspects of the California State MLO Exam, including CA Penal Code Law, DRE and DOC licensing and the SAFE Act. The course is available several times a week and they fill up fast so reserve your spot today. Check out our site here for more info or to order the class. … (0 comments)
department of real estate: All California Mortgage Brokers MUST Take the NMLS State and National Exams!
- 07/12/10 03:23 PM
I received a call today from a CA broker who had recevied this email from the DRE: California - DRE has agreed to certify you for SAFE Pre-Licensure Education or the State Component of the SAFE Mortgage Loan Originator Test. To complete the Certification process you must pay a fee of $15.00 for Pre-Licensure Education Certification or $5.00 for the State Test Component Certification. The invoice will indicate the certification you are paying for. They took this email to mean that they did not have to take the State and National Mortgage Loan Originator exams required by NMLS and that they could just … (0 comments)
department of real estate: Mortgage Licensing Requirements Got You At Your Wit's End?
- 07/09/10 09:55 AM
Is everyone sick of jumping through hoops trying to get their SAFE Act requirements yet? You are not alone. A lot of MLOs just want to know what they need to do and when they need to do it by. So to refresh these are some of the steps in staisfying your Mortgage Licensing requirements: 1. Register with NMLS (Nationwide Mortage Licensing System). If you haven't done this already you need to asap. They will give you a NMLS ID#. REMEMBER this number, it is what identifies you as a Loan Officer in the nation. 2. Complete your MU4 application. This … (2 comments)
department of real estate: NMLS Pass Rates for May Posted!
- 06/18/10 11:22 AM
NMLS has posted the pass rates for the MLO SAFE Test for May as listed below: National Component first-time test takes is 71% National Component re-takes is 44% (ouch!) Aggregate State Component is 79% Aggregage State re-takes is 60% Check out the Hughes School for study materials to help you pass your exam!
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department of real estate: More Classes Added to the Hughes School
- 06/16/10 05:31 PM
Hi All, Just wanted to let everyone know that we extended the class schedule for the NMLS SAFE At prelicensing education. To help meet students demands earlier and later classes have been added to better accomodate Loan Officers. We now have some evening sessions available! You can check out the course schedule here … (0 comments)
department of real estate: Go Green @ Bakersfield Street Fair tomorrow night!
- 06/16/10 05:28 AM
Tomorrow night is the Bakersfield Street Fair! Go Green at the second annual buyers and sellers Home and Garden street fair expo. We will be there to provide the public with any information on buying and selling a home including loans, insurance, and NMLS education for Loan Officers. The Hughes Group will also be giving out snow cones so make sure to stop by our booth! It is downtown from 6:00pm to 9:00pm, hope to see you there! … (2 comments)
department of real estate: In Life There Are No Guarantees...
- 06/08/10 06:59 AM
Don't be fooled by a guarantee! If you need to do any education for your NMLS or are taking a crammer study course for the National or State exam; don't believe any company who "guarantees" you to pass! NMLS states that all advertising must be truthful and void of any misleading statements or guarantees. Some approved course providers have a "100% pass guarantee" but it is IMPOSSIBLE to guarantee that anyone will pass their national exam when they go sit down and take it. What many schools will do is guarantee a refund if you do not pass or let you … (1 comments)
So you have filed your MU4 application, signed up for your exams, and are ready to take the 20 hours of prelicensing education that you have been putting off since the beginning of the year. If this sounds like you, don't worry you are not alone. There are still THOUSANDS of MLOs left to take and pass the exams and become licensed with NMLS. It will be interesting to see who is still left in the business when January 1 rolls around. 
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