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

20 Hours SAFE PE (Includes WA State Law) – ONLINE INSTRUCTOR LED $349
$279

ONLINE PE – 2 Hour SAFE PE – Washington State Law (1843)
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 Hour SAFE PE (Includes Washington State Law)

Summary

This course covers SAFE Prelicense Education Requirements for any state without state-specific education. Specifically, this course includes the required 2 Hours on Washington State Law, 3 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.

Washington State Law

This course covers Washington Compliance Law pertaining to Mortgage Loan Originators. During this 2-hour pre-licensing course we will detail prohibited conduct and practices, required conduct, fees and charges, disclosures and agreements, and advertising:

We will cover several laws and regulations including:RCW 19.146– Mortgage Broker Practices Act;RCW 19.144 – Mortgage Lending and Homeownership Laws;RCW 31.04 – Consumer Loan Act

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

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. The two laws covered are:

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 WA State Law) – ONLINE INSTRUCTOR LED $349
$279

One thought on “20 Hours SAFE PE (Includes WA State Law) – ONLINE INSTRUCTOR LED

  1. Ryan Waggoner says:

    Trying to figure out if I should be doing the 20 hour Online Instructor Led or the 20 hour Webinar? Is this just the same material and certification with different class type, or are they different courses altogether?

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