Includes 2 hour New Jersey state elective for DOBI renewal
Includes 3 hour New York state elective for optional NY DFS renewal
All learning is online. Start immediately. Learn on your own schedule.
Video segments highlight important points
Download and print your own certificate.
Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.
Have a narrator read the entire course to you as you make progress. You can also download the entire course in MP3 audio format. (National portion only)
This course package satisfies 12 hours of continuing education required for mortgage loan originators licensed in the state of New Jersey. This package includes three separate courses:
2 Hour NJ SAFE: New York Mortgage Continuing Education (NMLS ID 14958) - This continuing education course covers New Jersey laws and regulations to satisfy the two-hour continuing education requirement defined by the New Jersey Department of Banking and Insurance (DOBI) needed to maintain a New Jersey Mortgage Loan Originator license. Please review the Course Syllabus for details about this course.
3 Hour NY SAFE: New York Mortgage Continuing Education (NMLS ID 14987) - This course is included in the package to make up the 12 total hour requirement for New Jersey licensing and allows students to qualify for New York state mortgage license renewal at the same time, if applicable. This course reviews the consumer protections granted to applicants and borrowers, various disclosures that must be given to consumers and when to give them, and finally MLO licensee regulations and prohibitions. Please review the Course Syllabus for details about this course.
7 Hour SAFE Core: 2023 Originator Fundamentals (NMLS ID 14961) - This course covers the required topics as mandated by the federal SAFE Act for annual NMLS mortgage license renewal. The content covered in this course include the NMLS-required topics that regulators feel licensees need to be refreshed on; a review of ethical practices relating to telemarketing, identify theft prevention, and suspicious activity reports; and an explain of the nontraditional VA home loan. Please review the Course Syllabus for more details about this course.
These courses are new for 2023 and meet the SAFE Act's "successive years" rule.
NOTE: New York Bundled Course Elective - This package is bundled with a New York state CE elective course. This course is necessary to meet New Jersey's 12-hour total CE requirement. New Jersey only mandates a 2-hour state specific elective course, but requires several additional hours of electives. Since many of our students are living in New Jersey but also work in New York, this package covers license renewal requirements for both states. If you are not licensed in New York, you still need to complete the New York course to meet New Jersey's hour requirements. You may optionally take any other elective course to make up the necessary hours.
| Price: |
$95.00 (USD)
+ $18.00 NMLS Credit Banking Fee |
|---|---|
| Credit Hours: | 12 |
| Category: | Vocational Training > Mortgage > Continuing Education > New Jersey |
| Purpose: | Complete 12-hour package for New Jersey mortgage license renewal. Includes state electives for both NJ and NY. |
| Features: | NJ Elective, NY Elective, Online Text, Online Video, Printable Certificate, PDF eBook |
OnlineEd
14355 SW ALLEN BLVD STE 240,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com
NMLS Course Provider ID: 1400327
Purchase of this package requires that you read and acknowledge an Enrollment Agreement before receiving credit for any courses contained in this package. Please review the following:
NMLS Course ID: 14958
NMLS Sponsor ID: 1400327
Credit Hours Provided: 2
Category: CE Elective
The New Jersey Department of Banking and Insurance (DOBI) requires New Jersey mortgage licensees to complete a total of 12 continuing education hours each year: 3 hours of federal law, 2 hours of ethics, 2 hours of non-traditional mortgages, 3 hours of general elective, and 2 hours of New Jersey specific education. This two-hour online course meets the New Jersey state-specific mortgage licensee continuing education requirements for annual license renewal.
This course covers the New Jersey Residential Mortgage Lending Act, the laws that define mortgage licensing, conducts, and restrictions in this state. The first module of this course is an overview of the state department tasked with overseeing mortgage regulations, the Department of Banking and Insurance. The second module will review mortgage licensing requirements, and the third module covers the authority of the Commissioner of DOBI, various prohibited acts that licensees cannot do when working with consumers, and specific restrictions when dealing with junior liens and secondary mortgages.
This course is broken down into several learning topics. At the end of the course a 15-question final exam will be given. The topics included in this course are:
Total study time: 2 credit hours (100 minutes)
In this module we will summarize the organization and purpose of the State of New Jersey Department of Banking and Insurance (DOBI).
At the conclusion of this course, you'll be able to:
Describe the mission of DOBI and recognize the individuals who oversee the Department.
In this module we'll cover the mortgage licensing requirements as defined by the New Jersey Residential Mortgage Lending Act.
At the conclusion of this course, you'll be able to:
Review various terms as defined in the Residential Mortgage Lending Act.
Describe the licensing requirements for New Jersey lenders, brokers, and MLOs.
At the conclusion of this course, you'll be able to:
Identify the authority of the DOBI Commissioner.
Memorize the recordkeeping periods and the Commissioner's examination authority
Define the rules relating to including credit and hazard insurance into a loan
Recognize licensee conduct prohibited by the New Jersey RMLA.
Explain the requirements for originating second lien (secondary) mortgages.
You must have an NMLS ID to receive credit for this course. You will need this number before you begin the course.
If you already have an NMLS ID but don't remember what it is:
If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center.
This course will remain available to students for 365 days after enrollment.
NMLS Course ID: 14987
NMLS Sponsor ID: 1400327
Credit Hours Provided: 3
Category: CE Elective
The New York State Department of Financial Services (DFS) requires New York mortgage licensees to complete a total of 11 continuing education hours each year: 3 hours of federal law, 2 hours of ethics, 2 hours of non-traditional mortgages, 1 hour of general elective, and 3 hours of New York specific education. This three-hour online course meets the New York state-specific mortgage licensee continuing education requirements for annual license renewal.
This course begins with an explanation of mortgage lending consumer protection in regards to high-cost home loans, subprime loans, fair lending, and home equity theft prevention. The second module of this course identifies and lists the various disclosures that will educate consumers on areas such as advertising home loan products, loan commitment, secondary mortgages, and late fees. The third and last module will review prohibited conduct.
This course is broken down into several learning topics. At the end of the course a 25-question final exam will be given. The topics included in this course are:
Module 1: Mortgage Lending Consumer Protections
Module 2: New York State Mortgage Disclosures
Module 3: MLO Authority and Prohibited Conduct
Final exam
Total study time: 3 credit hours (150 minutes)
This course will prepare New York DFS-licensed MLOs to:
You must have an NMLS ID to receive credit for this course. You will need this number before you begin the course.
If you already have an NMLS ID but don't remember what it is:
If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center
This course will remain available to students for 365 days after enrollment.
NMLS Course ID: 14961
NMLS Sponsor ID: 1400327
Credit Hours Provided: 7
Category: CE Core
This course will instruct mortgage loan originators on a number of regulations that they will have to comply with while taking part in their mortgage loan origination activities. Rules, such as those implemented by the Dodd-Frank Wall Street Reform and Consumer Protection Act, are set in place to protect the interest and well-being of consumers who apply for mortgages to purchase or refinance their properties. To ensure that their business practices satisfy the regulations adopted by federal laws, mortgage loan originators need to keep current on the guidelines published by entities such as the Consumer Financial Protection Bureau (CFPB).
This course consists of three sections and a final exam
Top 10 Federal Topics for 2023
Ethical Treatment of Consumers
The VA Home Loan Program
Total study time: 7 credit hours (5 hours, 30 minutes)
Study Time: 3 clock hours (150 minutes of federal law)
Fair lending along with compliance to the law, established rules, and implemented regulations is everyone’s responsibility. When compliance failures occur, everyone, including the customer, loses.
The topics outlined in this module are mandated by the NMLS and state regulators, covering the more egregious regulatory compliance failures recently discovered through various regulatory examinations, investigations, and audits.
Study Time: 2 clock hours (100 minutes of ethics, fraud, and consumer protection)
The ethical treatment of consumers and ethical practices in mortgage lending are a high focus of regulators and consumer advocacy groups. This module will cover ethics, including identity theft prevention, fraud prevention, and consumer protection requirements.
Study Time: 2 clock hours (100 minutes of non-traditional mortgage)
The objective of the Veterans Administration (VA) mortgage loan program is to provide long-term financing to eligible American military veterans and their surviving spouses, helping veterans purchase properties with no down payment. The program allows eligible veterans to buy, build, repair, retain, or adapt a home for personal occupancy as well as refinance an existing mortgage loan.
You must have an NMLS ID to receive credit for this course. You will need this number before you begin the course.
If you already have an NMLS ID but don't remember what it is:
If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center
This course will remain available to students for 365 days after enrollment.
To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.
