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An In-Depth Look at Credit Report Analysis ~ E3

SKU 4306US00842A00

Format: Online Self-Paced

Category: Professional Development

$39.00
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Credit report analysis is one of the most basic functions any role in the loan manufacturing process will perform. Mortgage professionals that can read and interpret credit report data are able to clearly counsel borrowers on the status of their mortgage applications, determine actions needed to remediate potential concerns and collaborate with mortgage operations staff on the best course of action to resolve.

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The Closing Function ~ E3

SKU 4306US00826A00

Format: Online Self-Paced

Category: Professional Development

$39.00
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The mortgage closer performs a critical role in the loan manufacturing process.  This course reviews the purpose of the mortgage closer role and the tasks they perform.

National Mortgage License Guidelines

Virgin Islands Mortgage License Requirements

Learn about the Virgin Islands mortgage eduation requirements for mortgage licensing.

In Virgin Islands, mortgage loan originators are required to:

    1. Complete a Criminal Background Check (CBC).
    2. Authorize a credit report through the NMLS that demonstrates financial responsibility.
    3. Fulfill all state and federal education requirements as designated by Virgin Islands.
    4. Take and pass a National Test.
    5. Proof of Corporate Registration.

Virgin Islands NMLS Pre-Licensing Education Requirements:

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:

  • 3 hours of federal law
  • 3 hours of ethics
  • 2 hours of non-traditional mortgage lending training
  • 12 hours of electives

Virgin Islands Continuing Education Requirements:

State-licensed MLOs are required to complete 8 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:

  • 3 hours of federal law
  • 2 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 1 hour of electives

MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.

Virgin Islands Mortgage Licensing:

NMLS Resources: