Unique State Test Components for SAFE Act Available Nationwide

The Conference of State Bank Supervisors (CSBS) announced that unique state test components are now available for all 50 states and two territories—the District of Columbia and the Virgin Islands.

As part of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), mortgage loan originators are required to pass a written qualified test to become licensed through the Nationwide Mortgage Licensing System.  The SAFE Mortgage Loan Originator Test, which has been developed by NMLS, consists of two components: a National Component and a Unique State Component.  Mortgage loan originators must take and pass the National Component and a Unique State Component for each state in which they are seeking a license.

“Today’s announcement marks the successful completion of another requirement assigned to NMLS by the SAFE Act,” said Bill Matthews, CSBS Senior Vice President and President of the State Regulatory Registry, the wholly owned subsidiary of CSBS that operates NMLS on behalf of state mortgage regulators.  “This is one more illustration of how state regulators are committed to providing enhanced and efficient supervision of the regulatory mortgage industry by their full commitment to implement the many provisions of the SAFE Act.”


The National Test Component and the first 11 Unique State Test Components were launched by NMLS on July 30, 2009.  Since that date, NMLS has administered over 332,000 tests across the nation.



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  • I highly doubt they will accomplish what they seek to by implementing the NMLS testing. Those who committ fraud are usually the ones who know the rules better than everyone else; they have to, in order to exploit them. They will have no trouble passing a test. All they are doing is thinning the herd a little more, which is basically all this regulatory revolution we’ve been living with the last two years has accomplished. That, plus making money on testing fees and deluding the public into thinking they are earning their paychecks by convincing them that this progress.

  • It is time to level the field. If bank employees do it better then they should have no trouble passing these exams. By adding them to the mix, fees would drop and the number of originators would be the same (or some want us to believe so).

    Making the super “originators” exempt proves the inappropriate influence the nationally chartered banks have on Congress. Unlike the view of some even on this thread, the biggest problem is not the testing or the deluding, it is the exempting.

    Why do the banks NEED this exemption for their employees? It is certainly not fair or competitive. It is an unreasonable bar to those who do not want to be an employee of a nationally chartered bank and still wants to originate mortgages. If there is a reasonable basis, then why hasn’t it been presented? There is something that stinks but it isn’t in Denmark.

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