20 Hours SAFE PE (Includes NJ State Law) – ONLINE INSTRUCTOR LED

Course 20 Hours SAFE PE (Includes NJ State Law) – ONLINE INSTRUCTOR LED

This course includes the following:
ONLINE PE – 2 Hour SAFE PE – Loan Basics (1691)
ONLINE PE – 3 Hour SAFE PE – Ethics, Fair Lending and Fraud (1646)
ONLINE PE – 3 Hour SAFE PE – Federal Law RESPA and SAFE (1695)
ONLINE PE – 4 Hour SAFE PE – Federal Law: TILA (1700)
ONLINE PE – 4 Hour SAFE PE – New Jersey State Law (1698)
ONLINE PE – 4 Hour SAFE PE – Nontraditional Mortgages Overview (1699)

Since this course is an online instructor led (“OIL”) course, you will have access to instructors through office hours, forums and email. You will be able to work on this course anytime and anywhere you have a high speed internet connection.


By NMLS specifications,you will have to pause and wait for instructor feedback at times during the course. Our flexible system allows you to purchase and then wait as long as you want before starting any module. Once you enter a module, you will have three to five days to finish.


20 Hour SAFE PE (Includes New Jersey State Law)




This course covers SAFE Prelicense Education Requirements for any state without state-specific education. Specifically, this course includes the required 4 Hours on NJ State Law,7 Hours on Federal Law and Regulations, 3 Hours on Ethics, 4 Hours on Nontraditional Mortgages and other courses that will complete your 20 hour requirement.


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.


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


Federal Law: RESPA and SAFE


In this course, we are going to cover RESPA and the SAFE act. As with most laws, these laws are, in the end, aimed at preventing industry behavior that negatively impacts consumers such as fraud and information that is not uniform and comparable. Knowing these laws well will be critical for your business with regards to regulators, litigation and reputational challenges.


Federal Law: TILAv


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


New Jersey State Law


This course covers New Jersey Law relevant to Mortgage Loan Originators(MLOs) and is structured to reflect the outline of the New Jersey State License Exam. During this 4-hour pre-licensing course covering New Jersey Mortgage law, we will cover several laws including: the New Jersey Residential Mortgage Lending Act in its entirety and portions of the New Jersey Administrative Code (3.1-16. 1-11) and (3.2-1. 1-9); the New Jersey Home Ownership Security Act of 2002; and New Jersey Title-46Property Law.


Nontraditional Mortgages Overview


This course summarizes a broad selection of 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 mortgage
• Buydowns
• Construction permanent mortgages
• Balloons
• Reverse Mortgages

Course 20 Hours SAFE PE (Includes NJ State Law) – ONLINE INSTRUCTOR LED

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