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8 Hours of 2024 North Carolina MLO Continuing Education

Complete 8-hour package for NC MLO licensees. Includes the 1-hour state specific requirement.

Complete these North Carolina loan originator continuing education courses to renew your MLO license before the December 31, 2024 deadline.

$70.50  |  8 Hours

+ $12.00 NMLS Credit Banking Fee

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This package of courses includes the required continuing education necessary to renew a mortgage loan originator's license in the State of North Carolina. The North Carolina Commissioner of Banks (NCCOB) 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 NC-specific law and regulations.

Included in this course package are:

  • 1 Hour NC SAFE: North Carolina Mortgage Regulations (NMLS ID 15981) - This course focuses on North Carolina compliance issues for mortgage professionals including required and prohibited business practices. You will learn the allowable fees, information about home loan rates, and the kinds of disciplinary actions taken against licensees. This course will explain prohibited practices that you should avoid and define the duties of a mortgage broker. You will also learn what actions fall into the realm of mortgage fraud and the regulations that protect reverse mortgage consumers in our state. Please review the Course Syllabus for more details.

  • 7 Hour SAFE Core: 2024 Originator Fundamentals (NMLS ID 16050) - 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 advertising and telemarketing; and an explain of the nontraditional Fannie Mae HomeStyle Renovation loan with a comparison to the FHA 203k. Please review the Course Syllabus for more details about this course.

These courses are new for 2024 and meet the SAFE Act's "successive years" rule.

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Key Features
Online Course
All learning is online. Start immediately. Learn on your own schedule.
Includes Video
Video segments highlight important points.
Printable Certificate
Download and print your own certificate.
PDF & EPUB eBook
Includes PDF/EPUB eBook of all reading material for your phone, tablet, or Kindle.
NC Elective
Includes state-specific elective course
Read-Along Audio MP3 Add +$5.00
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)
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Package Summary
Price: $70.50 (USD)
+ $12.00 NMLS Credit Banking Fee
Credit Hours: 8
State: North Carolina
Category: Vocational Training > Mortgage > Continuing Education > North Carolina > CE Elective
Purpose: Complete 8-hour package for NC MLO licensees. Includes the 1-hour state specific requirement
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.

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Courses Included In This Package:

1 Hour NC SAFE: North Carolina Mortgage Continuing Education

NMLS Course ID: 15981

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

Category: CE Elective

View Course Syllabus

​​​​​​​The North Carolina Commissioner of Banks (NCCOB) requires mortgage licensees in this state to take a one-hour course on North Carolina mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers four North Carolina mortgage topics for licensee continuing education.

The first module of this course reviews conduct and behavior that is prohibited by North Carolina laws. This includes the fees that can be charged on a mortgage loan transactions and the limits for those fees.

The second module describes the various disciplinary actions the Commissioner of Banks may issue against licensees who violate state law.

The third module outlines the North Carolina Reverse Mortgage Act, found in NCGS Chapter 53, Article 21. We'll review how a reverse mortgage is defined, how a lender is granted authority by the Commissioner to issue reverse mortgages, the state limitations on this type of loans, and at what point a borrower is required to repay the reverse mortgage.

The last module of this course explains the North Carolina Residential Mortgage Fraud Act (RMFA), NCGS Chapter 14, Article 20A. We'll learn about the definition of mortgage fraud and identify various tasks that would qualify as mortgage fraud.

Topics and Learning Objectives

This 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. Module 1: Required Conduct and Prohibited Conduct
  2. Module 2: Disciplinary Action&
  3. Module 3: The North Carolina Reverse Mortgage Act
  4. Module 4: The North Carolina Residential Mortgage Fraud Act
  5. Final exam

Total study time: 1 credit hour (50 minutes)

This course will prepare North Carolina-licensed MLOs to:

  • Outline the duties required of mortgage brokers when working with consumers.
  • List conduct that is prohibited by the Commissioner during the practice of mortgage loan origination.
  • Describe the limitations on fees, interest, late payments, and other financial payments.
  • State how the Commissioner initiates disciplinary hearings against licensees and the possible penalties.
  • Explain the state laws to comply with when working with applicants for reverse mortgages.
  • Paraphrase the definition of mortgage fraud and the penalties for fraud convictions.

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

7 Hour SAFE Core: 2024 Originator Fundamentals

NMLS Course ID: 16050

NMLS Sponsor ID: 1400327

Credit Hours Provided: 7

Category: CE Elective

View Course Syllabus

​​​​​​​GraphicThis 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).

Topics and Learning Objectives

This course consists of four sections and a final exam

  1. Top 10 Federal Topics for 2024

  2. Ethical Mortgage Advertisement Practices

  3. The Fannie Mae HomeStyle® Renovation Loan

  4. Final exam

Total study time: 7 credit hours (5 hours, 30 minutes)

Module 1: Top 10 Federal Topics for 2024

Study Time: 3 clock hours (150 minutes of federal law)

air 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.

Module 2: Ethical Mortgage Advertisement Practices

Study Time: 2 clock hours (100 minutes of ethics, fraud, and consumer protection)

Most, if not all of the regulations for the mortgage and banking industry are implemented to protect the consumer. That is what this module is about - consumer protection in advertising. Throughout this module, we hope to provide you a better understanding of the laws designed to protect consumers from untruthful mortgage advertising and understanding what you can and cannot do when advertising your loan products. Your proper understanding of these rules is vital when dealing with the public and promoting your services.

Module 3: The Fannie Mae HomeStyle Renovation Loan

Study Time: 2 clock hours (100 minutes of non-traditional mortgage)

In this next section, we will explore property rehabilitation loan products. Over the years, most of us have become familiar with the FHA 203(k) Rehab Loan. It was the loan program that many mortgage loan originators turned to when they needed a rehab loan program for their borrower client.

Today, there are other options available when it comes to rehabilitating a home for purchase and refinance that may more perfectly fit the rehab loan needs of the borrower. This module will introduce you to one such program: the Fannie Mae HomeStyle Rehab loan program. We'll explain the details of this program and compare it to the traditional 203(k) rehab loan.

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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