CampusMBA, the education division of the Mortgage Bankers Association (MBA), has been approved as an educational provider through the Nationwide Mortgage Licensing System (NMLS) to offer courses under the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act).
The SAFE Act, part of the Housing and Economic Recovery Act of 2008, establishes minimum national standards for mortgage training, both in pre-licensing and continuing education. In order for an educational provider to offer these courses, it must be approved by NMLS, which was created by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators, and is responsible for implementing these requirements.
"CampusMBA has long been committed to ensuring our members have the relevant tools and training necessary to comply with the most up-to-date industry and regulatory standards," says Paul Green, MBA's senior vice president of corporate relations, education and business development. "We are thrilled to provide thorough and dynamic courses to ensure companies and their staff can meet the SAFE Act's pre-licensure and continuing education requirements with minimal disruption to their important daily business."