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1 Hour WA SAFE: Washington Mortgage Continuing Education

1-hour Washington state-specific course for DFI-licensed mortgage loan originators.

This course meets the Department of Financial Institutions state-specific requirement for MLO annual license renewal through the NMLS.

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1 Hour WA SAFE: Washington Mortgage Continuing Education

NMLS Course ID: XXXXX

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

Category: CE Elective

View Course Syllabus

​​​​​​​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.

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

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Key Features
Online Text
Online Audio
Read-along audio plays the course text back to you.
Printable Certificate
PDF EBook
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Package Summary
Credit Hours: 1
State: Washington
Category: Vocational Training > Mortgage > Continuing Education > Washington > CE Elective
Purpose: 1-hour Washington state-specific course for DFI-licensed mortgage loan originators.
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.