What is one of the main objectives of the SAFE Act within the NMLS framework?

One of the main objectives of the SAFE Act within the NMLS framework is to standardize the licensing process for mortgage loan originators. By establishing a consistent set of criteria and requirements across various states, the SAFE Act aims to increase consumer protection, promote professional standards, and ensure ethical behavior amongst mortgage loan originators. This uniformity helps maintain trust within the mortgage industry, making it easier for consumers to understand the qualifications of those they are working with when obtaining a mortgage.

While other options may relate to the broader context of the mortgage industry, they do not address the specific goal of standardizing licensing. For instance, increasing home prices, regulating interest rates, and facilitating home appraisals are factors influenced by market dynamics and various regulatory bodies, but they do not align with the principal aim of the SAFE Act, which is centered on the licensure and accountability of mortgage professionals.