No.
NMLS Continuing Education (CE) is an individual licensing requirement for mortgage loan originators. It helps maintain an individual’s license but does not satisfy your company’s employee compliance training responsibilities.
Mortgage brokerages are responsible for providing appropriate employee compliance training and maintaining documentation that demonstrates the training occurred.
Because NMLS Continuing Education and company compliance training serve two different purposes.
NMLS CE focuses on maintaining an individual loan officer’s license.
Company Name compliance training helps brokerages educate employees on topics such as Anti-Money Laundering (AML), fraud prevention, fair lending, cybersecurity, information security, and company policies.
One does not replace the other.
There isn’t a single law that says, “Every mortgage brokerage must conduct annual compliance training.”
Instead, several federal laws, regulations, and regulatory guidance require – or strongly expect – companies to provide ongoing employee training as part of an effective compliance program.
Examples include:
Gramm-Leach-Bliley Act (GLBA) – Safeguards Rule
Requires financial institutions to maintain a written information security program that includes security awareness training appropriate to employee responsibilities.
FinCEN Anti-Money Laundering (AML) Program Rule
Requires mortgage companies to maintain an AML program that includes ongoing employee training.
CFPB Compliance Management System (CMS) Guidance
Identifies employee training as a core component of an effective Compliance Management System.
Fair Lending Examination Procedures
Expect institutions to provide fair lending training appropriate to employee responsibilities.
State Regulatory Requirements
Many states have their own employee training expectations related to cybersecurity, consumer protection, privacy, fraud prevention, and other compliance topics.
Annual training has become the industry standard because regulations and supervisory expectations require companies to provide ongoing employee education and maintain documentation demonstrating that employees have been trained.
Regular training helps companies:
Regulators commonly ask to review employee training documentation as part of evaluating a company’s Compliance Management System (CMS).
If your company cannot demonstrate that employees received appropriate compliance training, regulators may identify weaknesses in your compliance management program and require corrective action.
Maintaining accurate training records is just as important as delivering the training itself.
Yes.
When regulators identify compliance violations, they often evaluate whether the company had appropriate policies, procedures, supervision, and employee training in place.
Documented training helps demonstrate that an employee’s mistake was an isolated human error rather than evidence of broader weaknesses within the company’s compliance program.
Yes.
Compliance expectations don’t disappear because your company is small.
In fact, smaller brokerages often have fewer internal compliance resources, making documented employee training even more valuable.
Simply Compliant was designed specifically for independent mortgage brokerages that don’t have dedicated compliance departments.
The best time to prepare for an audit is before you receive the examination notice.
Employee training isn’t something you can recreate after the fact. Regulators expect compliance programs to be ongoing – not built overnight after an audit begins.
Simply Compliant helps your brokerage stay prepared year-round.
No.
Simply Compliant itself is not required.
However, federal and state laws, regulations, and regulatory guidance require -or strongly expect – mortgage companies to maintain effective compliance programs that include employee training and documentation.
Simply Compliant is designed to help brokerages meet those expectations efficiently.
Most NMLS providers focus on helping individual loan officers satisfy their licensing requirements.
Simply Compliant focuses on your company’s compliance obligations by providing employee training, documentation, tracking, and audit-ready reporting.
The two complement each other – they are not substitutes.
Yes.
While no training platform can guarantee examination results or provide legal advice, Simply Compliant helps brokerages maintain organized employee training records, completion reports, and documentation that can demonstrate an active compliance training program during an examination.
Your company will have access to documentation designed to support your compliance program, including:
Yes.
Simply Compliant automatically tracks course completion and maintains detailed training records so you can quickly demonstrate employee participation and completion.
Training is designed for employees throughout your organization, including:
Many broker owners mistakenly believe compliance training is only for licensed Loan Officers. In reality, every employee – from processors and administrative staff to managers and executives – plays a role in protecting your brokerage. That’s why Simply Compliant is designed to train your entire organization, not just your licensed staff.
Most companies conduct employee compliance training annually while assigning additional training as regulations change or new employees join the organization.
Simply Compliant makes it easy to manage recurring annual training.
Simply Compliant was founded by Katie Foster, a mortgage executive with more than 30 years of industry experience.
Katie spent 13 years at United Wholesale Mortgage (UWM), where she most recently served as Executive Vice President and Chief Risk Officer, overseeing Legal, Compliance, Fraud, Repurchase Risk, Client Approval, and Enterprise Risk.
Simply Compliant was built specifically to give independent mortgage brokerages access to the same caliber of compliance training and documentation used by the nation’s largest lenders.
Unlike many training platforms, Simply Compliant is not priced per employee.
Each plan covers your entire brokerage based on your total employee count, making your costs predictable as your team completes training throughout the year.
Choose between monthly billing or save by paying annually.
See our Plans & Pricing page for complete details.
Getting started is simple.
After you select your package and complete your registration, you’ll:
Your branded training portal will be configured, your employees will be enrolled, and your team will receive access to their first course within 24 hours.
No.
Simply Compliant automates much of the administrative work involved with employee training.
Assign courses, track progress, monitor completions, and generate reports – all from one centralized dashboard.
Yes.
You can easily enroll new employees and assign the appropriate compliance training as part of your onboarding process.
Yes.
The platform can automatically remind employees about upcoming or overdue training, helping improve completion rates while reducing administrative follow-up.
Absolutely.
Administrators have real-time visibility into employee progress, course completions, overdue assignments, and company-wide training status.
Yes.
Training reports can be generated on demand, making it easy to provide documentation during internal reviews or regulatory examinations.
The Simply Compliant library includes training covering topics such as:
Our course catalog continues to expand as regulations evolve.
Yes.
Brokerages can upload employee handbooks, HR policies, company procedures, and other internal documents so employees can access everything from one centralized portal.
Yes.
We can develop custom training tailored to your company’s policies, procedures, workflows, or unique compliance needs.
White-labeling allows your employees to see your company’s branding throughout the training experience.
Your brokerage’s logo and identity are incorporated into the platform, creating a seamless extension of your organization.
Simply use their referral link when registering. We’ll ensure they receive proper credit for your referral.