On November 13, the CSBS reported that 14 mortgage loan originators (MLOs) associated with one company failed to provide the required information for completing their continuing education courses online, resulting in the loss of credit for 175 courses. The SAFE Mortgage Licensing Act of 2008 mandates that state-licensed MLOs complete eight hours of continuing education annually. With over 171,000 MLOs expected to complete continuing education online this year, the CSBS emphasized the importance of identity verification when taking online courses and noted that failing to identify when taking courses was a serious violation. The CSBS stated that it will continue to monitor continuing education activity and enforce compliance with NMLS rules of conduct.
