James B. Nutter & Company Successfully Completes the AllRegs 20 Hour Mortgage Loan Originator SAFE Comprehensive Course

      

Founded in 1951, James B. Nutter & Company maintains a 50-state licensing platform. With over 300 employees, the company focuses primarily on FHA, FHA HECM, VA, and Conventional loans. Like many other mortgage lending companies, James B. Nutter & Company was well aware of the new regulations established by the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), which mandates pre-licensing and continuing education courses for state-licensed mortgage loan originators.

"We began looking at several vendors that offered SAFE Act training courses. The quality of service we received from AllRegs was really beyond the others that we considered," said Al Pitzner, Assistant Vice President of Compliance for the Kansas City, Missouri-based company. "Every company is different in size. We were able to bring in the AllRegs [training] staff and still continue our day-to-day processes. No one else could have done it but AllRegs."

The 20 Hour Mortgage Loan Originator SAFE Comprehensive Course was developed by industry experts, using proven instructional methodologies. It includes instructor presentation to ensure understanding and retention of knowledge, along with hands on activities designed to reach all learning styles. The course also includes two practice exams to test the overall mastery of the course information, and students must receive a composite score of at least 75%.

"We have a very experienced staff; our average employee tenure is ten or more years. In addition, we believe that being well informed and a resource to our borrowers is the way to do business," Pitzner added. "The AllRegs training focuses on getting people effectively educated and prepared for the test. Our loan originators thought they were well-informed before, but now they feel more prepared than they've ever been."

"AllRegs is proud to be the premier source for SAFE Act education to help industry professionals meet their licensing requirements," said Dan Thoms, Senior Vice President for AllRegs. "We appreciate the opportunity to provide this 20-hour training course to James B. Nutter & Company's already knowledgeable staff, in order to better prepare them for their upcoming NMLS License Exam."

State-licensed mortgage loan originators currently are required to have the 20 hours of pre-licensing education completed by January 1, 2011 or an earlier date set by each state. Non-licensed mortgage loan originators must have their pre-licensure education completed by July 30, 2010 or a deadline determined by the regulator of the state in which they do business.

To learn more about the 20 Hour Mortgage Loan Originator SAFE Comprehensive course, or for more information about any of the products AllRegs Academy has to offer, please visit www.allregs.com or call (800) 848-4904.

About AllRegs: First introduced in 1989, AllRegs is used by virtually all of the top 100 lenders as well as throughout numerous governmental agencies, including Fannie Mae, Freddie Mac, the FHLBs, FHA, VA, RHS, Ginnie Mae, and more. AllRegs is a Mortgage Technology Magazine Top 50 Service Provider for 2009 and the exclusive electronic publisher of the Fannie Mae and Freddie Mac Single and Multi-Family Seller/Servicer Guides, The Federal Home Loan Banks' MPF Program Guidelines, and CalPERS' Member Home Loan Program Guidelines. Products include single and multifamily underwriting & insuring guidelines as well as federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, policy and procedure manual templates, contract publishing services and a library of historical guidelines. The educational division, AllRegs Academy, offers distance learning, classroom training and practical guides, with courses approved for continuing education. AllRegs is FICO's preferred training provider for the mortgage industry and the official training provider for the National Association of Mortgage Brokers (NAMB). For more information, call (800) 848-4904 or go to www.allregs.com.

About James B. Nutter & Company: Founded in 1951, James B. Nutter and Company is a proud pioneer in the mortgage lending industry. They are a family-owned, family-run company that did not engage in subprime lending. James B. Nutter & Company holds the distinction of closing the first FHA HECM reverse mortgage in 1989. After five decades of growth, they have become one of the largest private mortgage banking firms in the nation. James B. Nutter and Company is licensed in 50 states, the District of Columbia, and the Commonwealth of Puerto Rico. For more information, call (800) 798-3946 or go to www.jamesbnutter.com.

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AllRegs
Krista Sabol, 651-289-4809