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#1564464 - 06/14/11 03:18 PM Active status
WHAT ?!?! Offline
Member
WHAT ?!?!
Joined: Dec 2006
Posts: 67
Received the e-mail from NMLS that our MLOs registration status has changed from pending to active. So are they now good to go and the next steps are to make sure they provide their NMLS ID with initial contact, when requested and are educated?

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S.A.F.E. Act Forum
#1565088 - 06/15/11 02:58 PM Re: Active status WHAT ?!?!
silver shamrock Offline
Member
silver shamrock
Joined: May 2011
Posts: 55
Kentucky
The lenders at our bank also have been upgraded from "Pending" to "Active" status following the completion of their background checks. I think you are correct in your understanding of the process, but just to be safe I have begun to re-read the SAFE Act. Wouldn't want to neglect something and then discover it after July 31st.

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#1565127 - 06/15/11 03:17 PM Re: Active status silver shamrock
MPComply Offline
New Poster
MPComply
Joined: Jun 2011
Posts: 19
New York
As the System Administrator, you and your MLO will receive this email once the Criminal Background Check is completed and comes back as "Clear". The NMLS will automatically move the MLO to an "active" status. You don't need to do anything further. The only time you need to do anything is if you have an MLO whose CBC comes back with a RAP sheet.

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