APPROVED Webcast: Temporary Authority – Learn why 2, 14, 30, 120, 365, and 2155 may be your lucky numbers!
The SAFE ACT — a response to the financial crisis passed more than a decade ago — has a new feature that goes into effect less than two months from now. Temporary Authority or TA, as it is currently known, has been a topic during numerous NMLS Ombudsman meetings, and in discussions with state and federal regulators. It has for years been on the wish list of many state-licensed mortgage companies as a way to mitigate licensing speedbumps required under the SAFE Act and enforced by state regulators.
Attendees joined this webcast to hear from the experts on how TA will be implemented in NMLS and how some states will approach TA — set to launch in the middle of the NMLS annual renewal season. And of course, learned why 2, 14, 30, 120, 365, and 2155 may soon be your lucky numbers!
Katy Ryan – Partner, Buckley LLP and Founder, APPROVED Licensing
Tim Lange – Founder & COO, APPROVED Licensing
Melissa Koupal – Senior Vice President Loan Integrity, loanDepot and Owner, RegList