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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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LoanOfficerSeminars.com - Provides Online Training for Mortgage Originators

Thank you so much for your conference call on the room makeover. I am going to be reinventing your wheel here in CA (if you don't mind). Keep up the awesome work.

Amanda Rawls, Branch Manager, Sacramento, CA


"Mailing to apartment complexes is so simple with my first wave of post cards, I generated 30 leads and set up 9 appointments. I can't wait to see what type of business the 2nd and 3rd mailing generate."

T.O., CTX Mortgage, CA


"Free report marketing is the best hands-on ideas I have heard in the 3 years I've been originating. Thanks for helping me increase my business."

Amada Rocha, Providence Mortgage, Kenosha, WI


" Hi Karen, I found your seminar to be excellent, while entertaining. It was chalked full of useful information. I look forward to seeing more of your ideas in the future."

Frank Baute, Bank Source Mortgage


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Scott V. Smith, American Reliance


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Kevin Svoboda, Landmark Mortgage


"Karen, I loved your seminar today! I really learned some good techniques that I am going to start using tomorrow."

Valeri McIntosh, NTX Mortgage Group, L.L.C.


" I've been taking your seminars for a couple of years now and they are truly great and worth every penny. "

Thanks, Sandy Bryan, Accent Mortgage, Alpharetta, GA


"Hi Karen and John, Thank you both so much for yesterday's seminar. I had 14 loan officers in one room and John, you wowed them. We came away with a number of great ideas, but your preferred realtor program is one we are implementing right away. And Karen what a great value. To train 14 loan officers for $99 is great for my cost center."

Best to you both, Mark McCarthy (American Home Mortgage)


Thanks much Karen. These programs are great for use in Sales Meetings. We are having our LO's watch and then give general overview of content - then pass on to another LO. Plus they give a short summary at next Sales Meeting. Thanks for the tools!

Maye Bumps, Sales Support Manager (Indpls, Carmel-Greenwood)


"I just wanted to tell you I was so pleased with the on-line seminar on hiring an assistant. I have been in the process of interviewing people and I was unsure on what I was looking for and how I could best utilize this person. I believe your seminar just saved me money and also valuable time. Thank you for having a seminar packed with great advice. I will certainly be making use of your seminars again."

Thank you, Lisa Motts (Maple Park, IL)


"I have participated in your last three seminars. The first seminar I participated in because David Jaffe is a friend of mine. However, after listening to the first seminar, I realized that your seminars are an easy, cost effective way to learn how other top producers are achieving their success."

Steve Peterson (Roseville, CA)


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Rob McIntyre (Minneapolis, MN)


"Your programs are awesome. I manage 20+ loan officers with all different skill levels. We provide training but most of it is outsourced and most comes from you and your sources. Thank you for helping make our company a great place to grow!"

Bob Johnson (Frisco, TX)


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Michael Mullin (Fair Oaks, CA)


"Hi Karen, Thank you so much for being the professional that you are and sharing. I have only been a L.O for a year. I am struggling, but still in the game. I am looking forward to earning enough money to participate in your training programs and seminars. Thank you again."

Michael K. Swann


"I'd like to see more of Brett Figueroa. He's better than a cup of coffee at Starbucks - such high energy, high motivation. He puts things in prospective and shows there really is a light at the end of the tunnel. I can't say enough on how good I feel today! Thanks Karen for offering this seminar."

Cheryl Garner (Valencia, CA)

"First, let me say, I'm a BIG fan of your work! I can honestly say that if I hadn't used some of your consumer direct marketing ideas, I would have not only been out of the business a few years ago, but I would have been bankrupt. Thank you so much!"

Brett Pehrson, Salt Lake City, UT

"If I may be honest, I was a LoanToolbox member for a very long time and after previewing your marketing ideas etc. I’ve seen more value in what you offer."

Greg Clausen, American Mortgage Centers



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