Loan Originators News

News for Washington Mortgage Loan Originators.

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You are invited to participate in DFI’s Mortgage Industry Webinar. The webinar is scheduled for Wednesday, March 4 at 9:00 AM Pacific Time. During the webinar, you will hear updates from DFI Staff and learn more about common violations. The webinar will include options for asking questions.
The Division of Consumer Services proudly presents the Winter edition of our electronic newsletter.
An audio recording and documents from the October 30 mortgage industry webinar are now available.
Many people already know Microsoft has announced that on April 8, 2014, Windows XP will reach the end of its support lifecycle and will no longer be supported. The discontinuing of support means that Microsoft will no longer provide security patches, technical assistance or support for Windows XP. After April 8, 2014, Washington State Department of Financial Institutions (DFI) will consider all devices connected to the Internet running Windows XP a serious security risk. Devices include: PCs, Laptops, and Tablet PCs
The new National SAFE MLO Test Component with uniform state content was implemented April 1, which creates a single test that can meet both the national and state testing requirements of the SAFE Act. In 20 states, MLOs seeking licensure with their state regulatory agency will no longer be required to take a second, state-specific test component.
April 1 will bring an increase in Washington’s Pre-Licensing Education (PE) requirement for new MLOs. Applicants must complete 22 hours of PE with 4 hours covering Washington law.