All About Licensing – Info from AAMB

Arizona Association of Mortgage Brokers

Originator licensing through the SAFE Act represents a new road to travel for Arizona mortgage brokers and loan officers.  To help you successfully navigate the new landscape, AAMB will post information over the next few weeks about the most frequently asked questions regarding licensing. 

The topics below will be featured in separate posts, and a link will be added to each item in this list as the post goes live.  This will allow you to refer back to the list as a table of contents for information you need about licensing.  

1.  Who needs a license and by when?

2.  What do SAFE, NMLS & AZDFI mean?

3.  RIs and Mandatory Education

4.  The Test

5.  The Test - Part II

6.  Finger printing/criminal background check

7.  Surety Bond

8.  How do CRMS, CMC, GMA fit in?

9.  Fees

 

AAMB's 20-hour pre-licensing education package is currently available.  Click here to view the schedule and to sign-up.

Comments

[R Roberts]

Does anyone know to what extent an individual's credit profile or criminal background will impact the issuance of a license? I have heard that foreclosures and BKs may eliminate you from licensing. I have also heard that even misdemeanor offenses (if dishonesty was involved) may prevent you from being granted a license, even if it happened 20 years ago. Very difficult to find any info regarding this.