Mortgage Compliance Collection

This online course will review the Bank Secrecy Act (BSA), outline what is expected of a company's Anti-Money Laundering (AML) policies and programs, describe how to complete a Suspicious Activity Report (SAR), and defines a wide variety of red flags that employees should look out for that might indicate the transaction might indicate mortgage fraud.

Course Content

This course contains approximately two hours of reading materials, with simple question assessments scattered throughout the course. At the end of the course is a 20-question final exam that has a 70% minimum passing score. The final exam may be attempted as many times as needed. A course completion certificate will be available after passing the final exam.

Important Note To Compliance Staff – Read Before Adding To Training Curriculum

A note on this training to compliance officers and staff: If your company has made any changes to its anti-money laundering policy, it is strongly recommended that you have a structure in place that informs employees of any changes. This can take the form of an internal email notifying employees of the changes, a system that allows compliance staff to inform employees of changes and document acknowledgment, an in-office meeting presentation, or an addendum to your money laundering training.

OnlineEd also offers a “Policies” feature, which allows compliance staff to upload policy documents and requires employees to read the policy, highlights changes, and documents employee acknowledgment of the policy for your compliance records. 

For more information on how to use this feature, please contact OnlineEd customer support at 1-866-519-9597. Additionally, if you would like to integrate your specific policy changes into this Anti-Money Laundering training course as an add-on, please consult OnlineEd course development for more information on how to structure your training material.

Now more than ever it is important to take a good look at your Fair Lending compliance program. The risk of non-compliance with fair lending laws can bring a host regulatory enforcement actions as well as negative publicity that can wipe out not only a company’s capital but also goodwill. 

This course illustrates the importance of appraiser independence requirements. We will review these requirements as outlined by various federal regulations, agencies and published guidance.

The Red Flag Rules implement sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003 (FACTA).

Who must comply with Identity Theft Red Flags?

The Identity Theft Red Flag Rules apply to financial institutions and creditors which handle covered accounts. The Red Flags Rule empowers the FTC to impose civil penalties against companies without adequate identity theft programs in amounts up to $3,500 per knowing violation. The rules require every institution that handles covered accounts implement a documented identity theft prevention program. Relevant employee training must be provided as part of the program.

Where can I get Identity Theft Red Flag training for employees?

The Red Flags Identity Theft Training was developed by Compliance Specialists in the mortgage industry specifically for Mortgage Loan Originators, Processors or those who meet the requirements of Red Flag training. Many individuals in the mortgage industry require periodic Red Flag training (e.g., Tellers, Customer Services, New Accounts, and Executives). Our course is effective and engaging with material specific to individuals roles in the mortgage industry.

In this training, you will be given information about sexual harassment, definitions of harassment, resources, and strategies for responding to harassment.

In addition to the training text, the course contains:

1. case studies illustrating sexual harassment law
2. questions to test your understanding of the material, and
3. examples based on real world scenarios.