COURSE DESCRIPTION:

This continuing education course is intended to serve as a refresher for all mortgage loan originators, whether experienced or new. It includes the core topics as required by the SAFE Act: Federal lending legislation (3 hrs), ethics (2 hrs), and nontraditional mortgage products (2 hrs). It also presents a high level review of key terms and concepts associated with mortgage origination activities in general (1 hr).



COURSE OUTLINE:


  • Define the purpose and provisions of the SAFE Act.
  • Identify the disclosure requirements of RESPA and TILA.
  • Describe the use of the new Good Faith Estimate and HUD-1 Settlement Statement.
  • Recognize triggers for a high-cost loan and higher priced loan.
  • Identify provisions of key mortgage-related federal law.
  • Define nontraditional loan products.
  • Compare and contrast conventional loans and nontraditional loans.
  • Identify the elements in an adjustable rate mortgage.
  • Describe provisions of reverse mortgages.
  • Explain how a temporary buydown plan works.
  • Recall TILA provisions related to advertising.
  • Discuss consumer protection provisions of federal law.
  • List the protected classes under federal law.
  • Describe the participants in mortgage fraud schemes.
  • Recognize indicators of predatory lending.
  • Recall key elements of various loan origination activities.

COURSE FORMAT:


  • Live Instructor Led Classroom
  • Fully Interactive
  • Fulfills 2011 8HR NMLS CE Requirement
  • All Course Material Included
  • NMLS fees are included and CE Credits are Uploaded directly into the NMLS System for you

WHO SHOULD ATTEND:

Any mortgage professional needing to satisfy their 8 hour continuing education requirement


For more details, visit Loan Officer School