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:
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- 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!