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

20 Hours SAFE PE (Includes RI 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: Credit and Information (1694)
ONLINE PE – 4 Hour SAFE PE – Federal Law: TILA (1700)
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 Hours SAFE PE (includes RI State Law) – Online Instructor Led


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 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

Rhode Island State Law


This course presents a summary of the key terms and provisions of the Rhode Island Statutes and Rules that specifically impact the mortgage loan originator and residential mortgage lending operations in the State of Rhode Island and is structured to reflect the outline of the Rhode Island State License Exam.


The course is divided into six sections:


  1. Rhode Island department of business regulation division of banking
  2. State law and regulation definitions: reviews definitions from the Rhode Island’s loan originator statutes
  3. License law and regulation: reviews the Individual and Company requirements for licensing in accordance with   Rhode Island State Law and the federal SAFE act.
  4. Compliance practices: focuses on prohibited conduct and practices including high cost home loans
  5. Disciplinary actions: covers penalties for violations and revocation of licenses

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 the below.


Federal Law : TILA


In this course, we are going to cover the Truth-in-Lending Act, generally known as TILA.   Along with any discussion of TILA, there are several important amendments.  One that we will spend a fair amount of time on is HOEPA.   We have also included the newest updates resulting from MDIA.  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


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
  • HELOCs
  • Reverse Mortgages

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

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