NMLS Numbers

The SAFE Act (Secure and Fair Enforcement for Mortgage Licensing Act) requires that all mortgage loan originators register with the Nationwide Mortgage Licensing System and Registry (NMLS). Once registered, each mortgage loan originator is assigned an NMLS Unique Identifier (“NMLS ID”), which is a permanent number that allows consumers, regulators and others in the industry to obtain information on registered mortgage loan originators through the NMLS Consumer Access website (NMLSConsumerAccess.org).

Your personal mortgage loan originator will provide his/her NMLS ID to you in a variety of methods during the lending process. Here is a list of Linn Area Credit Union’s registered mortgage loan originators:

Linn Area Credit Union – 520897
Debby Behnke – 757376
Larry Potter – 757374
Mark Becicka – 1415054
Nick Mundorf – 757387
Sandra Cleppe – 757385
Sharelle Baker – 1556326
Tracy Taylor – 757382

As you may or may not know, I’ve been exploring refinancing my home on and off for a couple of months. My latest meeting was with Larry, and we worked the numbers (OK, Larry worked the numbers…) and I came…
Interest rates shown assume a $160,000 loan with 740 credit score and a 30-day lock. For a $160,000 loan for a term of 30 Year Fixed (Conforming) with a 4.500% rate, the monthly payment will be $810.70. Taxes and insurance…