8 Hour SAFE Comprehensive: 2020 Originator Essentials
General 8-hour online continuing education course for MLO licensees who do not need a state-specific course
All learning is online. Start immediately. Learn on your own schedule.
Video segments highlight important points
Read-a-long audio plays the course text back to you.
Download and print your own certificate.
Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.
This loan originator 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.
In the first module of this course we'll cover a variety of conduct issues related to federal laws that are among the most frequently cited industry problems. We'll first divulge into the Truth in Lending Act, 12 CFR 1026, and the common issues that examiners discovered. Next, we'll explore the Real Estate Settlement Procedures Act, 12 CFR 2024, and how it relates to mortgage loan origination. The Equal Credit Opportunity Act, 12 CFR 1002, is the next section of our 3-hour federal law section. Then we'll move into consumer privacy protections under the Gramm-Leach-Bliley Act, 12 CFR 1016, and the last section of this module is a summary of the E-Sign Act, 15 USC 7001.
The second module is written with a focus on consumer protection. We will review ethics in mortgage lending and how they affect the mortgage industry. The second half of this section will outline a variety of mortgage fraud schemes.
The third module covers unique mortgage product solutions for unique customers. Over the years, most of us have become familiar with the FHA 203(k) Rehab Loan. It was the loan program that most loan originators turned to when they needed a rehab loan program for their borrower client. This course segment introduces you to one of these very attractive programs - the Fannie Mae HomeStyle® Rehab loan program.
The fourth and last module illustrates fair housing laws, which are designed to protect consumers, your company, and yourself from discriminatory lending practices. Specifically, we are going to explore relevant provisions of fair housing and take a look at a few issues found in fair housing law.
Please review the Course Syllabus for more details about this course.
This course satisfies 8 hours of required continuing education for mortgage loan originators. This course is approved by the NMLS. A valid NMLS ID number is required to receive credit for this course. Certain states may have additional requirements beyond what this course provides. Be sure to check with your state to see if this course meets your needs.
This course is new for 2020 and meets the SAFE Act's "successive years" rule for 2020. It does not qualify as LATE CE for those looking to reactive their licenses for the 2019 renewal period.
+ $12.00 NMLS Credit Banking Fee
|Category:||Mortgage > Continuing Education > Comprehensive|
|Purpose:||General 8-hour online continuing education course for MLO licensees who do not need a state-specific course|
|Features:||online text, online video, Online Audio, printable certificate, PDF eBook|
7405 SW Beveland Rd,
Portland, OR 97223
Purchase of this package requires that you read and acknowledge a Terms of Service agreement before receiving credit for any courses contained in this package. Please review the following:
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.