The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires the joint agencies (including NCUA) to develop and maintain a federal registration system for individual employees of agency regulated institutions who engage in the business of residential mortgage loan origination. The statute requires individual mortgage loan originators to register with the Nationwide Mortgage Licensing System and Registry, a database established by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators to support the licensing of mortgage loan originators by the states.

The SAFE Act sets requirements for both the employing credit union and the mortgage loan originator.

Individual mortgage loan originators employed by agency-regulated institutions must:

• Register with the registry and maintain the registration
• Obtain a unique identifier through the registry that will remain with that originator, regardless of employment changes
• Provide unique identifiers to consumers

Your credit union must:

• Determine if your credit union is required to comply with the final rule, and if so:
• Require applicable employees to comply with these requirements


• Adopt and follow written policies and procedures to assure compliance with the registration requirements

This webinar will provide your credit union with the critical information you need to be in compliance with the SAFE Act and give you the tools you need to get there.

During this webinar, you will:

• Cover the nuances of the final rule
• Identify what credit unions and individuals the final rule applies to
• Identify what employees fall under the definition of mortgage loan originator
• Clarify your credit union's role and responsibilities versus an employees' role and responsibilities
• Discuss policies and procedures
• Discuss vendor management
• Discuss CUSO employee requirements
• Provide action items to take back with you
• And much more!

Can't attend at this time? Click here for the archived version.

This webinar is beneficial for lending, compliance, or mortgage loan officers and other professionals from your credit union that originate mortgage loans.

Affiliation with CUNA/League is required for attendance.

Linda Landis
Linda is the compliance officer for Kinecta FCU. She developed, implemented and actively manages their compliance program. Linda regularly presents on compliance related topics for credit unions.

Prior to joining Kinecta, Linda worked for the California Credit Union League in their Education and Training Department and Research and Information Department.

The last day for cancellations was September 20, 2010. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.