Secure and Fair Enforcement for Mortgage Licensing Act of 2008You've always felt good about getting a secured loan with ESL, now you can feel SAFE too! To help give members more peace of mind when looking for secured loans, ESL begins compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act for short), effective July 1, 2011. This Act establishes standards for all individuals selling residential mortgage loans, home equity loans, and home equity lines of credit (HELOCs) so you can rest assured you are getting the best advice possible. As part of this legislation, ESL employees working with these types of loans must register with the Nationwide Mortgage Licensing System. This registering process protects borrowers like you by reducing fraud. In addition, we must make available a list of all registered employees and their unique NMLS ID number. View a list of NMLS Registered Employees from ESL. To learn more about the Nationwide Mortgage Licensing System, visit their website - mortgage.nationwidelicensingsystem.org |