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Your Credit Score & S.A.F.E Act:
How Your Credit May Impact Your License!


Did you know that your credit score (as a loan originator) will play a huge part in whether or not you'll be able to get your National Mortgage License?

To be more blunt - you won't be in the mortgage business if your credit score sucks!

One of the "provisions" of the S.A.F.E. Act is the "financial responsibility" rule - and States are required to set a mandatory credit score in order for you to get or maintain your state and national license. They have also added an individual "surety bond" provision and the bond price you pay is based on your credit score! A one point difference could mean thousands of extra dollars - just for your surety bond.

You know it takes TIME to get those credit scores increased to an acceptable level. If you have had credit problems in the past, you need to be proactive and start the process now - or you'll be out of a job. Even if your credit score is great, there are "Red Flag Triggers" that may still trip you up.

Here's what you will learn:

  • The difference between a "registered" and "licensed" loan originator.
  • How the Unique Identifier Number will be used.
  • How Background Checks will be conducted.
  • What "Red Flags" on your credit report that will trigger a manual review.
  • How your credit score will affect what you pay for your surety bond.
  • Tips on how to improve your credit score.
  • Resources to help you increase your credit score.

Free Downloads:

  • S.A.F.E. Act (Federal Register Version)
  • S.A.F.E. Act (Summary Version)
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Basic Guide to
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"Million Dollar Mortgage
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Mortgage Broker On-line Resources
Loan Officer Training
Goto Link: http://www.LoanOfficerTraining.com/

Loan Officer Training website trains loan officers and mortgage originators by providing online seminars, workshops, mortgage speakers and loan officer training tools designed to help increase business, increase leads, save time and save money.

Connect The Data
Goto Link: http://www.ConnectTheData.com/

Created exclusively for real estate agents and mortgage loan officers, ConnectTheData.com is the most cost-effective training you will ever find - from how to choose a database system - to marketing ideas - to analyzing the profitability of each client.

Mortgage Girlfriends
Goto Link: http://www.MortgageGirlfriends.com/

Mortgage girlfriends is a community of mortgage women and the motto is Lending each other a hand! It's the original website for women in the mortgage industry to network, exchange ideas, refer loans, find jobs or employees and your one stop resource for sales and marketing strategies.

Mortgage Speakers Bureau
Goto Link: http://www.MortgageSpeakersBureau.com/

MortgageSpeakersBureau.com is your one-stop-shop for seminars, sales tools and speakers for the mortgage industry. Our speakers are experts in a variety of topics, including:

  • Gaining Referral Partners
  • Credit Scoring Strategies
  • Working with RealtorsTM
  • Call-Capture Systems
  • Effective Database Marketing
  • And many more...
Mortgage Currentcy
Goto Link: http://www.MortgageCurrentcy.com/

MortgageCurrentcy.com is the only mortgage rules and regulation publication of its kind.

This unique and invaluable publication presents not only the factual industry updates as they occur; it also offers expert's interpretive response to let you know exactly how the changes affect you and your real life loans.

Loan Officer Magazine
Goto Link: http://www.LoanOfficerMagazine.com/

LoanOfficerMagazine.com is the only on-line magazine exclusively for mortgage loan originators, providing step-by-step sales and marketing ideas to help the mortgage loan originator increase their business. It is published twice per month, and all articles are archived electronically for easy access.

As a subscriber, you will receive guerilla sales and marketing ideas that you can utilize in your marketing campaigns: sample advertisements, information you can use in your client and RealtorTM newsletters (access to over 15 free downloads); all sales and marketing ideas shared by superstar mortgage originators from throughout the country.

Consumer Direct Marketing
Goto Link: http://www.Consumer-Direct-Marketing.com/

Loan officers who are marketing directly to the consumer are way ahead of you. They know that Realtors™ and builders are starting their own mortgage companies; they are originating loans themselves and they are referring people to their own Internet sites.

By marketing consumer-direct they know that they are talking to potential customers way ahead of time. They are pre-approving them for their mortgage too. What Realtor™ or builder in their right mind would tell a client to start over again with another loan officer? Not many! After all, the mortgage is already approved and they get their commissions faster.

Karen Deis
Goto Link: http://www.KarenDeis.com

Karen Deis started in the mortgage industry in 1972 and since 2000, has trained thousands of loan officers throughout the United States.

Mortgage Talking Points
Goto Link: http://www.MortgageTalkingPoints.com

Mortgage Talking Points is a blog by the writers of MortgageCurrentcy.com. When you visit you will find up to date postings about the latest rule and guideline updates in the mortgage industry.

Million Dollar Mortgage Marketing
On a tiny Budget
Goto Link: http://www.MortgageMarketing-Tips.com/ for free mortgage broker marketing tips.

31 Unusual Mortgage Marketing Ideas That Will Haul In the Business!

23 street originators, trainers and mortgage marketing experts share their down and dirty, easy to implement, guerrilla-type mortgage marketing ideas.

Corporate Benefits Kit
Goto Link: http://www.CorporateBenefitsKit.com/

This unique system shows you how to work with corporate accounts so you become their preferred mortgage lender. It applies to all corporate employees - not just relocation Departments.

Apartment Tool Kit
Goto Link: http://www.ApartmentToolKit.com/

"There has never been a good way to create Apartment Mailings Lists--UNTIL NOW!

Apartment Marketing has traditionally been used to attract first-time homebuyers. The reason it works so well? The addresses of the complexes never change - but the people do. But the problem has always been...

    ...how to first make sure that the mailing addresses were accurate and secondly, could the tenants who lived there even afford to buy a home in the first place?

We've Solved Those Problems for you with ApartmentToolKit.com!

From this site you can order mailing lists in a format to easily print labels. Choose from several marketing kits that shows you step-by-step deails on how to successfully market (and get qualified leads) once you have the addresses.

Never buy another lead again.


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