7 Hour SAFE Core: 2019 Originator Fundamentals
General 7 hours of NMLS continuing education for MLO licensees who might also need a state-specific course
Video segments highlight important points
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 review the TILA-RESPA Integrated Disclosure (TRID), covering the loan disclosure requirements of the Truth in Lending Act (TILA, 12 CFR 1026) and the Real Estate Settlement Procedures Act (RESPA, 12 CFR 1024). We'll review the types of loans the regulations are applicable to, the rate tolerances and permitted fees allowed by the rules, and changes that can be made to the Loan Estimate and Closing Disclosure. We'll also review Marketing Service Arrangements (MSAs) and the Equal Credit Opportunity Act (ECOA, 12 CFR 1002).
The second module is written with a focus on consumer protection. We'll outline the Identity Theft Rules, 16 CFR 681, and the requirements covered entities have with protecting their customer's accounts. Then we'll examine the Telemarketing Sales Rules, 16 CFR 310, outlining deceptive and abusive practices when soliciting for business by cold-calling consumers. Finally, we'll summarize the BSA/AML Suspicious Activity Report filing requirements.
The third module covers unique mortgage product solutions for unique customers. This year we will examine the Department of Veteran Affairs VA home loan guaranty program, covering topics such as eligibility, occupancy requirements, refinances, underwriting, and how the guaranty benefits lenders.
Please review the Course Syllabus for details about 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.
+ $10.50 NMLS Credit Banking Fee
|Category:||Mortgage > Continuing Education > Comprehensive|
|Purpose:||General 7 hours of NMLS continuing education for MLO licensees who might also need a state-specific course|
|Features:||online video, printable certificate, PDF eBook|
7405 SW Beveland Rd,
Portland, OR 97223
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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.