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    The CFPB posted an announcement to their website today. Statement by CFPB Direc
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    New UST Allows Multiple State Origination

    New UST Allows Multiple State Origination

    Your NMLS license is an important part of your business.  Does your license allow you to be all that you want to be?  Could you offer better service to your clients if you were licensed to originate in multiple states?

    On April 1, 2013 NMLS will launch the new Uniform State Test or UST. Twenty (20) state agencies will adopt the UST on April 1, 2013 and another four (4) will do so on July 1, 2013. The UST Adoption Table lists the state agencies which are adopting the UST and on what date.

    The UST will become a new section in the National Test Component. This new section will include 25 questions, which will bring the length of the National Test Component to 125 questions.

    In addition, a short version of the UST, called the Stand-alone UST, will be introduced and it will include 25 questions, all of which will be scored.

    As a licensed Mortgage Originator, you have the opportunity to take and pass this new test within the next 12 months.  Until April 1, 2014 you can take the short standalone version of the UST and be eligible to originate in any of the states that have or will adopt the UST in lieu of their state specific test.

    RDH Education Services is pleased to announce a test prep webinar that will prepare you to take the Stand-alone UST.  You will receive instruction on the test components and have access to online test preparation questions.

    Details and useful links

    2 responses to “New UST Allows Multiple State Origination”

    1. Charlene Low says:

      When is the test prep webinar. thanks.
      Charlene

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