NMLS National LO Exam

New National LO Exam Pass Rate 69%

The pass rate of the new national LO exam is 69%.  Between July 30, 2009 and November 30, 2009:
10,421 national exams were taken and 7,219 passed the exam. The report PDF is available here.
This means the new national exam is too easy, like I surmised back in June.  Or is it?
What would be more helpful to [...]

27Dec2009 | mf | 38 comments | Continued

Will Currently Licensed LOs Have to Take the New National LO Exam?

The National Mortgage Licensing System (NMLS) will be taking over licensing at the end of July 2009.  The old LO exam will phase out and new LOs will also take a new state exam with new test questions on WA State laws.  NMLS chose the same test vendor, Promissor, recently purchased by Pearson Vue.  The [...]

13Jul2009 | mf | 0 comments | Continued