NMLS Education Helps Regulate Loan Officers and Avoid Criminal Behavior

Mortgage training includes several different aspects of the mortgage business since the housing market crisis; federal and state laws are now requiring that loan officers be certified.

The NMLS education – National Mortgage Licensing System – which provides state-banking regulators a single database to track professionals with licenses to sell mortgages; NMLS is managed by the Conference of State Bank Supervisors and the American Association of a Residential Mortgage Regulators.

There is the safe mortgage education program – which is based on the Secure and Fair Enforcement Mortgage Licensing Act – a bill signed into law by former President Bush on July 30, 2008, which was a major component of the mortgage reform act.  For both pre-licensing and continuing education, the S.A.F.E. Mortgage Licensing Act sets forth national minimum standards for training.

Each of these government run regulatory programs are for independent brokers or loan officers and not banks because banks feel they already face more regulations than the independent brokers and the NMLS agrees.  Among some of the provisions included are: a 24 hour pre-registration education covering federal and state law ethics; those who have been working in the mortgage industry for at least 4 ½ years are exempt as long as they can pass the first test.  Criminal background checks and fingerprints will be run to screen out people convicted of or pled no contest to misdemeanors or felonies relating to forgery, fraud, embezzlement, a financial transaction or securities transaction or any felony within the previous 10 years.  There will be a one time $350 fee plus an annual renewal fee that is to be determined in each state.  The National Mortgage Licensing System charges a fee of $30 and their annual fee is also $30; and the tests fee is $100.

In addition to mortgage education programs and schools online, there are countless numbers of mortgage exam prep websites that will help those individuals seeking a new career in the mortgage lending business.  Just as with a lawyer or a beautician, a mortgage lender needs to be licensed to ‘practice’ or perform the duties of a mortgage lender.

Numbers of Uncontested Divorce in New York City Low, Couples Fight over Property, Children, Anything not Nailed Down

An uncontested divorce in New York City is probably a rare occurrence because uncontested means no one will be fighting over property or children and the couple is ending their marriage and either remaining friends, or are at least civil to each other, or going their separate ways never to see each other again.

 

Today many people enter into a marriage lightheartedly knowing that there is the possibility for divorce if things don’t work out, unlike decades ago when divorce was often frowned upon and couples stayed together for the sake of the children.  The difference between then and now is that there is more stress placed on couples including the state of the economy, the threat of foreclosure, the possibility of losing their jobs, adultery and a whole host of other things that could derail an otherwise strong marriage bond between two people.

 

A New York divorce lawyer receives hundreds of calls per week from spouses who simply cannot get along any longer and need to know what their next step is to rid themselves of the pain and pressures of a failing marriage. 

 

According to the Pentagon, many married military couples, in which one or the other or both the husband and wife are either enlisted soldiers or Marines, the divorce rate has increased to four percent in 2008, the last time the study was conducted.  This shows a whole percentage point increase from when the Iraq war began.  The current numbers on the civilian rate of divorce, according to the Center for Disease Control and Prevention, is 3.5 percent. 

 

Spouses in military combat are far away from each other for long periods of time which adds more stress to a relationship in addition to making either spouse suspicious of infidelity because of the long periods of deployment.

 

Military families are not unlike civilian families in that they fight for custodial rights to the children in addition to the right to keep the joint property and alimony.