The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), 12 U.S.C. § 5101, et seq. was enacted on July 30, 2008, and requires individuals who engage in the business of a residential mortgage loan originator (MLO) to be either state-licensed or federally-registered as MLOs. Federal registration is available only to individuals who are employees of:

   • A depository institution (which includes a credit union);

   • A subsidiary that is owned and controlled by a depository institution and regulated by a federal banking agency; or

   • An institution regulated by the Farm Credit Administration.

Federal registration is done through the Nationwide Mortgage Licensing System and Registry (NMLS) at http://fedregistry.nationwidelicensingsystem.org/Pages/default.aspx.

When an MLO begins the federal registration process through the NMLS, he or she receives a unique identification number. The SAFE Act and its implementing regulation, Regulation G, (12 CFR Part 1007) require this unique identification number to be provided to consumers in specific instances.

The SAFE Act and Regulation G also require the employer of federally-registered MLOs to adopt written policies and procedures to comply with the SAFE Act and Regulation G, and perform annual independent testing of the policies and procedures.
The SAFE Act is codified at 12 U.S.C. §§ 5101 to 5116 and Regulation G is codified at 12 CFR §§ 1007.101 to 1007.105.

 

Your Mortgage Loan Originator and the SAFE Act:

What is the SAFE Act for you as a consumer?

The SAFE Act is a federal law designed to protect consumers and reduce fraud. Requires every mortgage loan originator (MLO) to be registered in the Nationwide Mortgage Licensing System and Registry (NMLSR). Each registered MLO receives a unique ID number that never changes, even if the individual changes employers. This NMLSR ID makes it easier for consumers to find information on their MLOs.

IDB Global Federal Credit Union's ID

Each agency-regulated financial institution, including IDB Global Federal Credit Union, is assigned its own entity ID in the registry. IDB Global Federal Credit Union’s NMLSR ID is 629518. Individual mortgage loan originators working for IDB Global Federal Credit Union have their own unique IDs. Find your IDB Global Federal Credit Union mortgage loan originator:
 

• Marco Paredes                     NMLS ID# 646015     Chief Lending Officer

• Carlos Sibrian                       NMLS ID# 646019     Sr. Mortgage Loan Originator

• Alexandra Rieckhof            NMLS ID# 1041374    Loan Production Manager

• Erik Carpio                            NMLS ID# 1860235    Consumer Loan Manager - Mortgage Originator

• Edwin Blanco                       NMLS ID# 1652106    Mortgage Loan Originator   

 

 To find an IDB Global Federal Credit Union mortgage loan originator online,  click on the link http://www.nmlsconsumeraccess.org/ and enter the NMLS ID number.

We do business in accordance with federal fair lending laws.

UNDER THE FEDERAL FAIR HOUSING ACT, IT IS ILLEGAL, ON THE BASIS OR RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, HANDICAP, OR FAMILIAL STATUS (HAVING CHILDREN UNDER THE AGE OF 18), TO:

• Deny a loan for the purpose of purchasing, constructing, improving, repairing, or maintaining a dwelling, or deny any loan secured by a dwelling; or

• Discriminate in fixing the amount, interest rate, duration, application procedures, or other terms or conditions of such a loan, or in appraising property.

 

IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:
Assistant Secretary for Fair Housing and Equal Opportunity
Department of Housing & Urban Development
Washington, D.C. 20410
For processing under the Federal Fair Housing Act
and to:
National Credit Union Administration
Office of Examination and Insurance
1775 Duke Street
Alexandria, VA 22314-3428
For processing under NCUA Regulations

UNDER THE EQUAL CREDIT OPPORTUNITY ACT, IT IS ILLEGAL TO DISCRIMINATE IN ANY CREDIT TRANSACTION:

• On the basis of race, color, national origin, religion, sex, marital status, or age,
• Because income is from public assistance, or
• Because a right was exercised under the Consumer Credit Protection Act.
   

IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:
National Credit Union Administration
Office of Examination and Insurance
1775 Duke Street
Alexandria, VA 22314-3428