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Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.
Includes required state-specific 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 8-hour MLO continuing education package contains two courses for mortgage licensees who are licensed through the Department of Financial Protection and Innovation (DFPI). The courses included in this package are:
1 Hour CA-DFPI SAFE: California Mortgage Continuing Education (NMLS ID 14926) - This course covers the three topics required by the Department of Financial Protection and Innovation. The course will first outline the California Finance Lenders Law, move on to the California Residential Mortgage Lending Act, and conclude with a review of the California Homeowner Bill of Rights. Please review the Course Syllabus for more details about this course.
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.
This package does NOT provide real estate continuing education credit for DRE licensees.
These courses are new for 2023 and meet the SAFE Act's "successive years" rule.
| Price: |
$56.00 (USD)
+ $12.00 NMLS Credit Banking Fee |
|---|---|
| Credit Hours: | 8 |
| Category: | Vocational Training > Mortgage > Continuing Education > California |
| Purpose: | Complete 8 hour California DFPI mortgage license renewal package. Includes 1-hour DFPI elective. |
| Features: | Online Text, Online Video, Printable Certificate, PDF eBook, CA DFPI 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: 14926
NMLS Sponsor ID: 1400327
Credit Hours Provided: 1
Category: CE Elective
There are three important pieces of California legislation that those who are licensed with the California Department of Financial Protection and Innovation (DFPI) must be familiar with. The DFPI requires licensees who are renewing their licenses to review the California Financing Law (CFL), the California Residential Mortgage Lending Act (CRMLA), and the California Homeowner Bill of Rights (HBOR).
This NMLS course will cover each of the three legislations, starting with the California Financing Law. This module of the course will review the licensing requirements for a finance lender, the expected conduct of those who hold these licenses, the limitations on interest rates, and the investigative powers of the Commissioner of the DFPI.
The second module will review the California Residential Mortgage Lending Act. This module will outline the conduct required to maintain a license, the surety bonding and net worth requirements, prohibited fees and owner actions, and how the Commissioner can cite licensees who don't follow the law.
The third module will highlight the California Homeowner Bill of Rights, a law passed in 2013 to give some protection to homeowners who are facing foreclosure of their residential property. This law outlines seven provisions covering dual tracking, robo-signing, single points of contact, and more.
This California NMLS 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: 1 Credit Hour (50 minutes)
This course will prepare California DFPI-licensed 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:
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.
