[June 05, 2018] |
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BAI Offers Nationwide Mortgage Licensing System Courses
BAI,
a nonprofit independent organization that delivers the financial
services industry's most actionable insights, announced that it has
expanded its compliance course offering with Nationwide Mortgage
Licensing System (NMLS) continuing education as required by the SAFE Act.
The BAI (News - Alert) NMLS Continuing Education course satisfies the licensing
requirements for mortgage loan originators (NMLS Reporting Course) and
Regulation Z Safe Harbor (NMLS Non-Reporting Course) to provide highly
focused and efficient training. A key feature of these courses, along
with BAI's entire compliance training library, is that in-house
compliance experts actively monitor regulation changes and updates to
ensure that content is up-to-date even before the change goes into
effect, providing the most accurate, relevant and timely content
necessary for NMLS license renewal. As part of the BAI Learning Manager
platform, the courses are designed to streamline the management and
tracking of company-wide compliance training all in one place, reducing
administrative impact.
The online courses consist of the following:
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Eight-hour SAFE Continuing Education course
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16 unique, relevant case studies
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A comprehensive set of resources and job aids
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3:2:2:1 content requirements - three hours of federal law education,
two hours of ethics training, two hours of non-tradtional mortgage
lending and one elective, which may be substituted with a
state-specific requirement
"This new continuing education course is an important addition to our
Mortgage, Bank and Credit Union course offerings because it allows our
customers to provide and track MLO compliance training on one platform,
the BAI Learning Manager," said Karl Dahlgren, managing director at BAI.
"We understand that organizations need to move quickly through
compliance training to be able to focus on other business objectives, so
we've created our courseware with efficiency and convenience in mind."
For more information, visit www.bai.org/training.
About BAI As a nonprofit, independent organization, BAI
delivers the financial services industry's most actionable insights,
enabling leaders to make smart business decisions every day. We're
passionate about the trusted information and powerful tools that provide
leaders with the clarity and confidence needed to drive positive change
and move the financial services industry forward. For more information,
visit www.bai.org.
About BAI's Learning and Development BAI offers
comprehensive compliance training and professional development education
to more than 1,800 financial services organizations, including banks,
credit unions, mortgage companies and nonbank financial services
organizations. More than 275,000 financial services employees take
compliance and professional development training from BAI every year. In
addition to training courseware, BAI offers tools such as webinars,
whitepapers, regulatory update summaries and events, which help leaders
stay current and better prepared to handle upcoming regulatory changes.
The BAI Learning Manager, a learning management system specifically
designed for the financial services industry, helps reduce the
administrative impact of training management with the latest
technology. BAI's role-based courseware can save 30 percent in training
time and help increase learner ROI through the latest in interactive
learning design. For more information, visit www.bai.org/training.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180605005171/en/
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