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9 Hours of 2024 Utah MLO Continuing Education

Complete 9-hour package for UT DRE MLO licensees. Includes the DRE 1-hour state specific requirement.

Complete these Utah loan originator continuing education courses to renew your MLO license before the December 15, 2024 deadline.

$80.50  |  9 Hours

+ $15.00 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 Utah. The Utah Division of Real Estate (DRE) requires licensees to take a total of 9 hours of continuing education each year: 8 hours in SAFE Act required topics, and 1 hour in UT-specific law and regulations.

Included in this course package are:

  • 1 Hour UT-DRE SAFE: Utah Mortgage Continuing Education (NMLS ID 15884) - This course covers the 1-hour state-specific category as required by the Division of Real Estate. We'll cover mortgage administrative rule changes, several DRE elective topics, and mortgage licensee disciplinary actions. Please review the Course Syllabus for details about this course.

  • 8 Hour SAFE Comprehensive: 2024 Originator Essentials (NMLS ID 16031) - 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; an explain of the nontraditional Fannie Mae HomeStyle Renovation loan and a comparison to the FHA 203k; and a discussion on mortgage fraud schemes. 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.
UT 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: $80.50 (USD)
+ $15.00 NMLS Credit Banking Fee
Credit Hours: 9
State: Utah
Category: Vocational Training > Mortgage > Continuing Education > Utah > CE Elective
Purpose: Complete 9-hour package for UT DRE MLO licensees. Includes the DRE 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 UT-DRE SAFE: Utah Mortgage Continuing Education

NMLS Course ID: 15884

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

Category: CE Elective

View Course Syllabus

graphicThe Utah Division of Real Estate (DRE) require those who hold a Utah mortgage license to complete a one-hour course on Utah mortgage laws and regulations as a requirement for annual license renewal. This online course covers the required topics as defined by the DRE for 2024 license renewal through the NMLS.

This one-hour course will cover the topics outlined by the DRE. We'll start with updates to the Utah Residential Mortgage Practices and Licensing Act that were added during 2023. Next, we'll cover several topics recommended by the Division such as reverse mortgages and conflicts of interest. Finally, we'll review cases of licensee violations that resulted in orders or fines by the DRE.

Topics and Learning Objectives

This course consists of three modules and a final exam:

  1. Utah Residential Mortgage Practices and Licensing Rule Changes (15 minutes)

  2. Utah Reverse Mortgage Act (15 minutes)

  3. Mortgage Commission Suggested Topics (15 minutes)

  4. Mortgage Licensing and Disciplinary Actions (15 minutes)

  5. Final exam

Total study time: 1 clock hour

After completing this course, students will be able to

  • review the responsibilities of a lending manager including supervision, enforcing policies, recordkeeping, and disclosing adverse security breaches.

  • outline an entity's requirement to protect customer information and the proper process to dispose of sensitive customer material.

  • describe available reverse mortgage products.

  • identify the age requirements for reverse mortgage consumers.

  • describe the home counseling requirements.

  • identify changes to the cooling-off period after reverse mortgage loan closing.

  • note the date that covered institutions under the Gramm-Leach-Bliley Act had to develop their revised safeguard rules.

  • identify working roles that could put the licensee in a conflict of interest situation.

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:

https://mortgage.nationwidelicensingsystem.org/licensees/resources/LicenseeResources/Create-an-Individual-Account-Quick-Guide.pdf

This course will remain available to students until midnight on December 31st, 2024

8 Hour SAFE Comprehensive: 2024 Originator Essentials

NMLS Course ID: 16031

NMLS Sponsor ID: 1400327

Credit Hours Provided: 8

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. Common Mortgage Fraud Schemes

  5. Final exam

Total study time: 8 credit hours (6 hours, 40 minutes)

Module 1: Top 10 Federal Topics for 2024

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.

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.

Module 4: Common Mortgage Fraud Schemes

Study Time: 1 clock hour (50 minutes of elective topics)

In this module we'll outline a variety of mortgage fraud schemes. Many of the cases we'll review resulted in millions of dollars in losses for lenders and triggered property foreclosures that caused hardships for victims of these schemes.

Some of these dubious plans involved mortgage loan originators and others in the industry, while others were perpetrated by loan applicants who recruited unsuspecting buyers. Reviewing various types of fraud that occurred in our industry may help you recognize it if a suspicious application ever crosses your desk.

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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