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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 includes the required continuing education necessary to renew a mortgage loan originator's license in the Commonwealth of Pennsylvania. The Pennsylvania Department of Banking and Securities (DOBS) requires licensees to take a total of 8 hours of continuing education each year: 7 hours in SAFE Act required topics, and 1 hour in PA-specific law and regulations.
Included in this PA mortgage loan originator continuing education course package are:
1 Hour PA SAFE: Pennsylvania Mortgage Continuing Education (NMLS ID 14990) - This course will review several Pennsylvania mortgage laws such as the Mortgage Licensing Act, the Consumer Equity Protection Act, and the Housing Finance Agency Law. Please review the Course Syllabus for more details.
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.
| Price: |
$70.50 (USD)
+ $12.00 NMLS Credit Banking Fee |
|---|---|
| Credit Hours: | 8 |
| Category: | Vocational Training > Mortgage > Continuing Education > Pennsylvania |
| Purpose: | Complete 8-hour package for Pennsylvania mortgage loan originators. Includes the 1-hour DOBS state-specific course. |
| Features: | Online Text, Online Video, Printable Certificate, PDF eBook, PA 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: 14990
NMLS Sponsor ID: 1400327
Credit Hours Provided: 1
Category: CE Elective
This course will cover several fundamental state regulations that Pennsylvania mortgage loan originators must be familiar with. A number of Pennsylvania laws govern certain aspects of the mortgage loan business, including the Mortgage Licensing Act, the Housing Finance Agency Law, the Consumer Equity Protection Act, and the Loan Interest and Protection Law (known as the “Usury Law”).
This course will also cover the Department of Banking and Securities' statements of policy regarding the first loan mortgage business, mortgage loan modifications, and reverse mortgages. It will also review the Pennsylvania Housing Finance Agency's emergency home loan program for borrowers who may need temporary help with delinquent mortgage loans.
This course is broken down into several learning topics with a quiz at the end of each learning segment. At the end of the course a 15-question final exam will be given. The topics included in this course are:
Total study time: 1 credit hour (50 minutes)
This course will prepare Pennsylvania 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:
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 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.
