The proposed SAFE Transitional License Act will allow Bank Loan Originators the ability to immediately originate loans while awaiting licensing. This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 and provides Loan Originators, that meet specified requirements, a 120-day transitional license which allows them to continue to originate loans after moving from:

    • One state to another, or
    • A depository institution to a non-depository institution.

While this amendment has not been passed as of yet, it has made its way through House and Senate Committees and there is broad support in the House and Senate. It has the potential to revolutionize mobility between organizations and provides a unique opportunity for Mortgage Loan Originators considering HomeBridge – one of the nation’s top lenders!

If you are working at a bank and need licensing assistance, HomeBridge has a dedicated team of licensing professionals to help ease your transition. We will help you through the process to get your license, so you can focus on originating loans.

The HomeBridge platform is built especially for Originators who enjoy working in an entrepreneurial environment. HomeBridge offers a diverse mix of traditional and niche products, comprehensive training, continuing education and a technology platform that streamlines the way we do business.

We’re always looking for motivated sales professionals to join the HomeBridge team.

Contact me anytime to learn more!

Related Articles

There are rumors that our Fed is considering an idea to abandon its present 2% target rate for inflation in favor of a floating target where inflation would be allowed to rise above 2% for some time before considering hiking rates. This comes with two consequences that mortgage lenders, real estate…
Read More of the post Changes That Could Affect Rates

U.S. bond yields and home loan rates ticked modestly higher this week as the world watches the U.S. and China have their first serious talk since July. There is a growing sentiment that the U.S. and China will agree to some short-term measures like a postponement of tariffs, while the…
Read More of the post Fed Rate Cut Coming — But Don’t Wait

Recession fears were back in full swing this past week, thanks to the weakest manufacturing report since June 2009, which was the last month of the Great Recession. Manufacturing makes up 12% of our economy, while consumer spending makes up nearly 70%. So even though the consumer remains strong, markets…
Read More of the post Slowing but Growing

Good news is typically bad news for bonds and home loan rates. That has not been the trend of late, and certainly not this past week. Durable Goods Orders is a report which shows buying demand for products with a life cycle beyond 4 years — think cars, washing machines…
Read More of the post The US Economy Remains “Durable”