Changes for 2022 NMLS is constantly making changes for Course Providers like Duane Gomer Education. Due to the pandemic we have been doing webinars instead of seminars and the response has been gratifying. Of course, there will be changes. I believe this latest one will be effective on June 6, 2022. The student’s cameras must […]
A New Sheriff In Town During the last few years CFPB has been more concerned with education and resources for consumers, unlike the previous regime under Richard Cordray. There is a new JEFE MASCULINO. Or, I might say, a new sheriff in town. Name: Rohit Chopra. He was formerly at this agency as an Assistant […]
Three Types of MLOs There are three types of Mortgage Loan Originators in California: Registered: Employees of Banks, I call them the FDICers State Licensed Department of Real Estate MLO’s State Licensed Department of Financial Protection and Innovation In the latest figures available as of this writing (9/21), there are approximately 52,800 of State Licensed […]
DRE Summer Bulletin There was an important alert on page 3 of the DRE Summer Bulletin. You might check it out. Notice to Mortgage Loan Brokers The Department of Real Estate (DRE) has seen an increasing number of applications for mortgage loan originator license endorsements from people without a real estate license, which is a […]
Requirements MLO: Complete a 20 Hour NMLS approved Mortgage Lending Course and pass a 125 question exam. Details HereREAL ESTATE SALES: Complete 3 college levels courses and pass a 150 question exam. Details Here REAL ESTATE BROKER: Complete 3 more college […]
We Can Not Present Any Live Classes At This Time But We Have Some Great Opportunities For You In a Lockdown #1- MLO 20 Hour Qualification Course and an MLO Test Prep Course by WEBINAR (NMLS is now testing) MLO PreLicensing Course #2- Get a Real License License: 3 Required Courses by PDF Download […]
Refinancing In current advertising MLO’s are touting unbelievable low interest rates for homeowners. There are some as low as 2.19% on 30 year loans and 1.975% on 15 year loans. Now those are low rates. My question: In all of the ads I very rarely ever see any information on rental home interest rates. Being […]
Student Inquiry The other day someone sent me an extensive email asking a complicated MLO question that wasn’t simple to answer. First, I checked to see if he has ever taken classes from us. None. When I phoned him, I asked him about this. He said that he used another company. I asked, “Why?” He […]
The New California Consumer Financial Protection Law A new Assembly Bill 1864 was published on 9/29/2020. It was passed as a trailing bill on the Budget Process so it went through fast. It will go into effect on Jan. 1, 2021. But another little bill was also passed to change the name of the DBO (Department […]
Attempting to complete the meeting in your car, at a Starbucks, while barbecuing, or in an area known for bad reception. Trying to sign at 9:05 for a 9:00 meeting and you have lost passwords and other needed information. Using an old computer, outdated software such as Windows XP, unsupported web browser such as Internet […]
