ARIZONA RESPONSIBLE INDIVIDUAL (RI) 4 Hour Credit and Information Online Course:

This course is specifically designed for Arizona mortgage professionals who already took the 8 Hours of NMLS education which included Arizona State Law and need 4 more hours of education to satisfy their Responsible Individual requirement. Please see below for the AZDFI Responsible Individual requirement description and a summary of this course.

AZDFI Responsible Individual Continuing Education Requirement
As part of the mortgage banker and mortgage broker renewal process, the responsible individual (RI) must complete

12 units (1 unit = 50 minutes) of continuing education prior to 12/31 of each calendar year. A copy of the certificate(s) must be sent to AzDFI with the renewal checklist (which will be available on NMLS in September).

The certificate must show each course and units taken. The education shall include courses in the following areas:

Arizona mortgage related law (i.e. title, appraisal, real estate, etc… as it relates to the mortgage industry)
Federal mortgage law
Mortgage related ethics
Non-traditional mortgage products
Other mortgage related courses that contribute to the maintenance and improvement of professional competence
The same courses can not be taken in two consecutive years.

Credit and Information Online Course
In this course, we are going to cover a number of Federal Laws and regulations that deal with the extension of credit to borrowers based on information about the borrower and the handling and use of consumer information in the mortgage industry.

Specifically, we will cover the below:
ECOA – Equal Credit Opportunity Act (enacted in 1974, implemented by Reg B) Prohibits discrimination against mortgage applicants based on race, color, religion, national origin, age, and whether they were recipients of welfare.
FCRA & FACTA – Fair Credit Reporting Act and its recent amendment FACTA (enacted in years 1970 and 2003, respectively). Addressed proper procedures for lenders to retrieve, evaluate, store and dispose of mortgage applicant credit information.
Red Flag Rules (enacted in 2004 as an amendment to FCRA/FACTA) Established standards for financial institutions to implement in order to prevent identity theft
HMDA – Home Mortgage Disclosure Act (enacted in 1975, implemented by Reg C) Established requirements for lenders to submit a mortgage applicant’s data to the government
DNCIA – Do Not Call Implementation Act (enacted year 2003) Established a do-not-call directory.

Responsible Individual 4 Hour AZDFI Accepted Course
$79
$63

4 Hour Online CE – New Jersey State Law and 2 Elective Hours

Summary

This course covers the four hours of SAFE Continuing Education that is needed for MLOs who have already taken the 8 required hours of SAFE education but have not taken the additional four hours required for New Jersey. The modules included are:

New Jersey State Law

This course satisfies the state-specific continuing education requirement for New Jersey Licensed Mortgage Loan Originators (MLOs). During this 2 hour course, we will provide an overview of the laws and regulations the New Jersey Mortgage Professional must know and abide by.

Nontraditional Mortgages Requirement – ARMs and IOs

This part of our course summarizes various types of adjustable rate and interest only non-traditional mortgages that have been introduced over the last 30 years. This course is taught in context of the 2007housing meltdown and includes the features, pros/cons and pitfalls of each type of loan.

Specific loans covered include:

Adjustable rate mortgages (ARMs)
Interest Only mortgages (IOs)
Negative Amortization mortgages

4 Hours Online SAFE CE (Includes NJ)
$69
$55

2 Hour Online SAFE CE NJ – New Jersey Mortgage Professional’s Rulebook

Summary

This course satisfies the state-specific continuing education requirement for New Jersey Licensed Mortgage Loan Originators (MLOs). During this 2 hour course, we will provide an overview of the laws and regulations the New Jersey Mortgage Professional must know and abide by.

The course is divided into four sections:

Section 1: Regulatory Agencies and Applicable Laws – Outlines the form and function of the State Regulatory agencies and summarizes key applicable laws and regulations.

Section 2: License Maintenance – Discusses the newest state requirements for licensing renewal and includes license maintenance standards and the license revocation and disciplinary action process.

Section 3: Prohibited and Required Conduct – An overview of the general rules of prohibited and required conduct MLOs must be aware of in any origination, taken directly from the regulations and fairly straightforward. When appropriate, some general industry background is included to provide context.

Section 4: Key Compliance Areas – Describes rules specific to fees, disclosures and advertising and includes a discussion of the New Jersey Anti-Predatory Lending Law.

Learning Objectives

Upon successful completion of this course you will have a basic understanding of what New Jersey requires of all state-licensed Mortgage Loan Originators in order to continue operating within the state. Additionally, you will understand the process of appeals and disciplinary action if there are any challenges to your license renewal.

New Jersey 2 Hour Mortgage SAFE CE Course
$49
$39

1 Hour Online SAFE CE NM – New Mexico Mortgage Professional’s Rulebook

Summary

This course satisfies the state-specific continuing education requirement for New Mexico Licensed Mortgage Loan Originators (MLOs). During this 1 hour course, we will provide an overview of the laws and regulations the New Mexico Mortgage Professional must know and abide by. The course is divided into four sections:

Section 1: Regulatory Agencies and Applicable Laws – Outlines the form and function of the State Regulatory agencies and summarizes key applicable laws and regulations.

Section 2: License Maintenance – Discusses the newest state requirements for licensing renewal and includes license maintenance standards and the license revocation and disciplinary action process.

Section 3: Prohibited Conduct – An overview of the general state rules mortgage brokers must be aware of in any origination.

Section 4: Mandatory Conduct – Describes both generic required rules of conduct as well as rules specific to fees, disclosures and advertising

Learning Objectives

Upon successful completion of this course you will have a basic understanding of what New Mexico requires of all state-licensed Mortgage Loan Originators in order to continue operating within the state. Additionally, you will understand the process of appeals and disciplinary action if there are any challenges to your license renewal.

New Mexico 1 Hour Mortgage SAFE CE Course
$29
$20

8 Hour Online CE New Mexico Course

Summary

This course covers SAFE Continuing Education Requirements for any state that does not require a state law course or a number of hours above 8. Specifically, this online course includes 3 Hours on Federal Law and Regulations, 2 Hours on Ethics, 2 Hours on Nontraditional Mortgages and 1 hour on New Mexico State Law.

State Law Requirement – New Mexico

This course satisfies the state-specific continuing education requirement for New Mexico Licensed Mortgage Loan Originators (MLOs). During this 1 hour course, we will provide an overview of the laws and regulations the New Mexico Mortgage Professional must know and abide by.

Federal Law Requirement – RESPA and SAFE

RESPA –Real Estate Settlement Procedures Act (enacted in 1974 implemented by Reg X). Establishes specific disclosure requirements in the real estate settlement process and prohibits specific practices such as kickbacks.
Our discussion includes key insights into the new GFE and discusses the differences between the new and old GFE.
SAFE Act– Secure and Fair Enforcement Act for Mortgage Licensing (enacted in2008). This act is a key component of the Housing and Economic Recovery Act of 2008 (Title V). The SAFE Act sets forth requirements for the licensing and registration of all mortgage loan originators and mandates the creation of a National Mortgage Licensing System and Registry (NMLSR).

Ethics Requirement – Ethics, Fair Lending and Fraud

This part of our course provides an ethical foundation and summary for Fair Lending Laws, a summary of fraud schemes and preventative measures and,lastly, focuses on a couple of key topics in Fair Lending. Specifically, this course includes the following modules:
How Laws Enforce Ethics –this module covers the ethical and economic basis for laws and discusses the purpose of various fair lending laws in the mortgage industry.
More on HOEPA and Predatory Lending– this module details the topic of predatory lending, showing the various methods that have been used and the general prohibitions HOEPA outlines to protect consumers from these practices
More on Yield Spread Premiums – this module delves deeper into the hot topic of Yield Spread Premiums
Mortgage Fraud – this module covers the common mortgage schemes that have been practiced as well as some basic preventative measures

Nontraditional Mortgages Requirement – ARMs and IOs

This part of our course summarizes various types of adjustable rate and interest only non-traditional mortgages that have been introduced over the last 30 years. This course is taught in context of the 2007housing meltdown and includes the features, pros/cons and pitfalls of each type of loan.

New Mexico Mortgage Professionals Rule book

Specific loans covered include:
Adjustable rate mortgages (ARMs)
Interest Only mortgages (IOs)
Negative Amortization mortgages

Section 1: Regulatory Agencies and Applicable Laws – Outlines the form and function of the State Regulatory agencies and summarizes key applicable laws and regulations.

Section 2: License Maintenance – Discusses the newest state requirements for licensing renewal and includes license maintenance standards and the license revocation and disciplinary action process.

Section 3: Prohibited Conduct – An overview of the general state rules mortgage brokers must be aware of in any origination.

Section 4: Mandatory Conduct – Describes both generic required rules of conduct as well as rules specific to fees, disclosures and advertising

8 Hour Online SAFE CE (Includes NM State Law)
$149
$111

This course includes two components and does not expire. First, it includes 20 hours of NMLS Approved education that will satisfy the SAFE Act required education for all Mortgage Loan Originator applicants. Second, it includes the 40 Hour Utah Department of Real Estate Approved course, provided by our partnership with Stringham Schools.
The 40 hours of Utah required education are presented in an online self-study format. The 20 hours of SAFE Act required education are presented in an Online Instructor-Led (“OIL”) format. You will be able to work on both of these courses anytime and anywhere you have a high speed internet connection.

For the OIL course, you will have access to instructors through office hours, forums and email. By NMLS specifications, you will have to pause and wait for instructor feedback at times during the course. Our flexible system allows you to wait as long as you want before starting any module. Once you enter a module, you will have three to five days to finish.

Summary

20 Hours NMLS-approved education for the SAFE Act requirement: This course covers SAFE Pre-licensure Education Requirements for any state without state-specific education. Specifically, this online course includes the required 3 Hours on Federal Law and Regulations, 3 Hours on Ethics, 2 Hours on Nontraditional Mortgages and 12 hours of electives. We emphasize federal law due to the rigor and focus on federal law in the National Exam. The modules included are:

Federal Law Requirement – RESPA and SAFE

RESPA – Real Estate Settlement Procedures Act (enacted in 1974 implemented by Reg X). Establishes specific disclosure requirements in the real estate settlement process and prohibits specific practices such as kickbacks.
Our discussion includes key insights into the new GFE and discusses the differences between the new and old GFE.
SAFE Act — Secure and Fair Enforcement Act for Mortgage Licensing (enacted in 2008). This act is a key component of the Housing and Economic Recovery Act of 2008 (Title V). The SAFE Act sets forth requirements for the licensing and registration of all mortgage loan originators and mandates the creation of a National Mortgage Licensing System and Registry (NMLSR).

Ethics Requirement – Ethics, Fair Lending and Fraud

This part of our course provides an ethical foundation and summary for Fair Lending Laws, a summary of fraud schemes and preventative measures and, lastly, focuses on a couple of key topics in Fair Lending. Specifically, this course includes the following modules:
How Laws Enforce Ethics – this module covers the ethical and economic basis for laws and discusses the purpose of various fair lending laws in the mortgage industry.
More on HOEPA and Predatory Lending – this module details the topic of predatory lending, showing the various methods that have been used and the general prohibitions HOEPA outlines to protect consumers from these practices
More on Yield Spread Premiums – this module delves deeper into the hot topic of Yield Spread Premiums
Mortgage Fraud – this module covers the common mortgage schemes that have been practiced as well as some basic preventative measures

Nontraditional Mortgages Requirement – ARMs and IOs

This part of our course summarizes various types of adjustable rate and interest only non-traditional mortgages that have been introduced over the last 30 years. This course is taught in context of the 2007 housing meltdown and includes the features, pros/cons and pitfalls of each type of loan.
Specific loans covered include:

Adjustable rate mortgages (ARMs)
Interest Only mortgages (IOs)
Negative Amortization mortgages

4 Hour SAFE – Federal Law: TILA

In this course, we cover the Truth-in-Lending Act, generally known as TILA. Along with the discussion of TILA, there are several important amendments. One we will cover in depth is HOEPA. We also include the newest MDIA updates. Knowing TILA well will be critical for your business with regards to regulators, litigation and reputational challenges.

This course additionally details the Truth-In-Lending Disclosure, the Right to Rescission Form and the Section 32 Truth-In-Lending Disclosure

4 Hour SAFE – Federal Law: Credit and Information

In this course, we are going to cover a number of Federal Laws and regulations that deal with the extension of credit to borrowers based on information about the borrower and the handling and use of consumer information in the mortgage industry. Specifically, we will cover ECOA, FCRA/FACTA/Red Flag Rules, HMDA and the DNCIA as well as some of the key associated disclosures.

2 Hour SAFE – Loan Basics

This course provides the “key elements” a loan officer needs to understand as they enter the mortgage industry. It focuses on the most critical part of the business – qualifying a customer and making the right type of loan for the right client.

We cover the “Three C’s” of Credit, Collateral and Capacity, various documentation required for loans and give an overview of some basic loan products.

40 Hours of Utah DRE Required Education. This component provides the 40 hours of Utah required pre-licensure education. It is provided by our partner, Stringham Schools. The course is available online in a self-paced format, includes audio/visual presentations and includes a textbook, which will be mailed to the address you provide. It requires the use of a financial calculator.

The course is divided into 2 hour modules and includes the below topics:
Appraisal & Valuation
Advanced Appraisal
Contract Law 1
Contract Law 2
Deeds and Transfer
Ethics & Professionalism
Federal Lending Laws
Foreclosure & Credit
Loan Types & Leverage
Mortgage Math
Professional Practices
RESPA and Loan Fraud
Settlement Procedures
Closing Process
Originator Licensing
PLM Responsibilities
Professional Standards
Regulatory Structure
Ownership Principles

Utah 60 Hour Mortgage Pre-Licensing DRE Course Price $495 Sale $447 Today $396.

2 Hour Online Mortgage SAFE PE Course Washington State Law
$58