Buyer Rep
Find this page again at:
https://www.onlineed.com/catalog/1816/Late-CE-1-Hour-WA-SAFE-Washington-Mortgage-Continuing-Education-14843

Late CE 1 Hour WA SAFE: Washington Mortgage Continuing Education (14843)

NMLS Late CE state elective.

Late CE 1-hour NMLS continuing education state-specific elective for Washington mortgage loan originators who did not complete education requirements during the previous year.

$29.50  |  1 Hour

+ $1.50 NMLS Credit Banking Fee

Add to Cart

product image

Late CE 1 Hour WA SAFE: Washington Mortgage Continuing Education (14843)

NMLS Course ID: 15586

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

Category: CE Elective

View Course Syllabus

​​​​​​​This course is approved for "Late CE" credit only.

​​​​​​​This course will cover many prohibited acts that Washington mortgage loan originators must be familiar with when practicing mortgage loan activities within the state. Students will learn what actions are prohibited by the Revised Code of Washington and the Washington Administrative Code.

After being instructed on what not to do, students will be presented with a list of subjects that they must do during their business. This includes what to do when working for more than one mortgage broker, how to properly use trade names, and licensing of main and branch offices.

Lastly, students will review the Washington required disclosures that must be given to loan applicants.

Licensees who do not complete their annual mortgage license training may be placed in a Reinstatement Period and are prohibited from practicing mortgage loan origination activities until their licenses are reactivated and their continuing education requirements have been completed. Licensees have until the end of February to bring their licenses up to date. A penalty Reinstatement Fee may apply when renewing your license. A license will expire if it is not renewed during the Reinstatement Period.

Not every state agency allows for reinstatement of a license. Check the Annual Renewal Information page on the NMLS website to verify if the agency you are licensed under allows for reinstatement, when the last date of reinstatement is, and what the applicable penalty fees may be.

Topics and Learning Objectives

This MLO continuing education 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:

  1. Prohibited Practices (20 minutes)
  2. Permitted and Mandatory Acts (13 minutes)
  3. Disclosure Requirements (7 minutes)
  4. Final Exam (10 minutes)

Total study time: 1 credit hour (50 minutes)

This course will prepare Washington MLOs to:

  • Understand what conduct is prohibited by laws such as the Washington Consumer Loan Act (CLA) and the Washington Mortgage Broker Practices Act (MBPA).
  • Know what conduct is not permitted when working with a buyer on a residential loan modification.
  • Recognize the classes of individuals that are protected by Washington's discrimination laws.
  • Understand what a fiduciary is and how a broker or mortgage loan originator is a fiduciary for a borrower.
  • Understand how a mortgage broker or mortgage loan originator is compensated, and what the rules governing compensation are.
  • Identify what must be disclosed to a borrower.

NMLS ID Required

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:

  • Login into NMLS

  • Click on the Composite View tab.

  • Click View Individual on the sub-header row.

  • The number that appears in parentheses after your name is your NMLS ID number.

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 until midnight on December 31st, 2024

Learn More

Key Features
Online Course
All learning is online. Start immediately. Learn on your own schedule.
Online Audio
Read-along audio plays the course text back to you.
PDF & EPUB eBook
Includes PDF/EPUB eBook of all reading material for your phone, tablet, or Kindle.
Printable Certificate
Download and print your own certificate.
Images & Screenshots
Package Summary
Price: $29.50 (USD)
+ $1.50 NMLS Credit Banking Fee
Credit Hours: 1
State: Washington
Category: Vocational Training > Mortgage > Continuing Education > Washington > CE Elective
Purpose: NMLS Late CE state elective
Course Provider

OnlineEd
14355 SW ALLEN BLVD STE 240,
Portland, OR 97223
(503) 670-9278

mail@onlineed.com

NMLS Course Provider ID: 1400327

Enrollment Agreement

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:

Our Mission Statement

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.

Add to Cart