10 Hours of 2023 Oregon MLO Continuing Education
10-hour package for OR MLO licensees. Includes the DCBS 2-hour state specific requirement.
Oregon CE 10 Hours Online Self-Study Bundle
10-hour package for OR MLO licensees. Includes the DCBS 2-hour state specific requirement.
Included Standard:
Online Course Includes Video Printable Certificate PDF & EPUB eBook Oregon ElectiveOptional Add-Ons:
Read-Along Audio MP3All 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.
Includes state-specific elective course
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 package of courses satisfies all 10 hours of required licensee continuing education for mortgage loan originators in Oregon. The courses included in this package are:
2 Hour OR SAFE: Oregon Mortgage Continuing Education (NMLS ID 14989) - This course covers the 2-hour state-specific category as required by the Oregon Department of Consumer and Business Services (DCBS). The topics of this course include a review of the DCBS, licensing laws, required disclosures, advertising rules, prohibited acts, and the DCBS investigation process. Please review the Course Syllabus for more details about this course.
8 Hour SAFE Comprehensive: 2023 Originator Essentials (NMLS ID 14884) - 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; an explain of the nontraditional VA home loan; and a discussion on fair housing practices. 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.
Price: |
$85.50 (USD)
+ $15.00 NMLS Credit Banking Fee |
---|---|
Credit Hours: | 10 |
Category: | Vocational Training > Mortgage > Continuing Education > Oregon |
Purpose: | 10-hour package for OR MLO licensees. Includes the DCBS 2-hour state specific requirement |
Features: | Online Text, Online Video, Printable Certificate, PDF eBook, Oregon Elective |
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: 14989
NMLS Sponsor ID: 1400327
Credit Hours Provided: 2
Category: CE Elective
This course will cover several fundamental state regulations that Oregon mortgage loan originators must be familiar with. Being familiar with important laws in Oregon's residential mortgage loan industry will ensure that mortgage loan originators are compliant with the state's expectations of MLO behavior.
This five-module course starts out with a description of the Department of Consumer and Business Services (DCBS) and its Division of Financial Regulations (DFR). We'll then review licensing requirements, financial statements, reporting changes to the DCBS, and MLO restrictions on working for a single entity in the second module of the course. The third module covers consumer disclosures in certain residential mortgage transactions, handling client trust funds, and regulations with advertising mortgage products. The fourth module covers various prohibited acts that licensees cannot participate in during the course of business, and the fifth module explains the DCBS investigation process.
This mortgage loan originator renewal license 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)
The Oregon Division of Financial Regulation (DFR) is tasked with authorizing those who are working in the mortgage industry. The DFR is just one of several state agencies under the Department of Consumer and Business Services (DCBS). In this module we will review both agencies.
In this module we'll go over general loan and licensing regulations. You'll review the licensing requirements for MLOs, mortgage bankers, mortgage brokers, and mortgage lenders, and understand when an individual is exempt from obtain a mortgage loan originator's license. We'll also go over financial records and reporting changes to licensee information to the DCBS.
Several disclosures are required to be given to consumers who are involved in a mortgage transaction. In this module we'll review consumer protections relating to certain types of residential mortgage loans. We'll also go over the licensee's responsibilities when accepting funds to be held in trust for the benefit of the borrower. We will also go over proper mortgage advertising practices.
In this module we'll review the various acts that licensees are prohibited from participating in as defined by Oregon law.
The Director of the Department of Consumer and Business Services has the authority to investigate potential Oregon law violations against mortgage licensees, invoke civil penalties and fines for discovered violations, and even order license suspension, revocation, or cease and desist orders. This module will review the investigation process available to the DCBS and possible sanctions against licensees for license violations.
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: 14884
NMLS Sponsor ID: 1400327
Credit Hours Provided: 8
Category: CE Comprehensive
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 four sections and a final exam
Top 10 Federal Topics for 2023
Ethical Treatment of Consumers
The VA Home Loan Program
Fair Housing in Today's Market
Final exam
Total study time: 8 credit hours (6 hours, 40 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.
Study Time: 1 clock hour (50 minutes of elective topics)
All mortgage lenders and originators, and all others involved in mortgage lending, are subject to state and federal fair lending laws. To remain in compliance, everyone in the lending industry should fully understand these laws.
In this module, we will cover fair housing laws designed to protect consumers, your company, and yourself from discriminatory lending practices. Specifically, we are going to explore relevant provisions of fair housing and take a look at a few issues found in fair housing Law.
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.
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