In 2008 Congress passed the Secure And Fair Enforcement (SAFE) Mortgage Licensing Act in order to regulate the mortgage lending industry and protect consumers against fraud and deceptive practices by mortgage loan originators (MLO’s). The SAFE Act established the Nationwide Mortgage Licensing System and Registry (NMLS&R) in order to register and license certain MLO’s, which requires the passing of the loan officer exam before applying for licensure. View full article » ... read more ->