13 Reasons Why 30% of LOs Fail the National Loan Originator Exam

NMLS Resource Center

The first time “pass” rate of the national loan originator exam has fallen to 69 percent.  This is an indication that th

New WA State Short Sale Seller Advisory and Licensee Guidance Bulletins

The Real Estate Division of the Washington State Department of Licensing and the Department of Financial Institutions ha

Former Loan Originator Eliza Bautista Finally Arrested in Seattle

Liza Bautista worked for a mortgage broker with a strong client base inside her Christian church in Tukwila. After succe

“Feds to local mortgage originator Shawn Portmann: We want our money”

From the Seattle PI:Alleging a long-running fraud involving a cash-packed safe and a garbage bag stuffed with money, fed

Golf Savings Bank Merges with Sterling Savings Bank

I just received this email from one of my students, a Golf Savings employee:There have been some exciting changes at Gol

19 Washington State Lenders Lose FHA Approval

Today HUD released it’s Administrative Actions from the Mortgagee Review Board. Read the Federal Register PDF here.  The

How loan originators are compensated and why consumers should care.

The Merkley Amendment to the Wall Street Financial Reform legislation limits loan originator compensation to no more tha

WA State Real Estate Agents are now Brokers.

On July 1, 2010, real estate salespeople in Washington State will become brokers.  It’s taken the Department of Licensin

Loan Home Inc. Lead Generation Scam

Loan Home Inc. is a lead generation company telling consumers that they can be paid for the referral of their own transa

Merkley Amendment Will Transform LO Compensation

The Senate has passed an amendment to the Wall Street Reform bill that would ban loan originators from accepting compens