9 Hour Online SAFE CE (Includes Washington State Law)

Course 9 Hour Online SAFE CE (Includes WA State Law)
$149
$119

9 Hour Online CE with Washington State Law

This course includes the following:

1 Hour Online SAFE CE – Washington State Law (1868)
8 Hour Online CE – SAFE Comprehensive (1266)

 

Summary

This course covers SAFE Continuing Education Requirements for Pennsylvania. Specifically, this online course includes 3 Hours on Federal Law and Regulations, 3 Hours on Ethics, 2 Hours on Nontraditional Mortgages and 1 hour on Washington State Law. The modules included are:

State Law Requirement – Washington Compliance Law

This course covers Washington Compliance Law pertaining to Mortgage Loan Originators. During this 1-hour pre-licensing course we will detail prohibited conduct and practices, required conduct, fees and charges, disclosures and agreements, and advertising

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
Course 9 Hour Online SAFE CE (Includes WA State Law)
$149
$119

Washington State 1 Hour SAFE CE Course

Washington State Law 1 Hour Mortgage SAFE CE Course
$29
$23

This course includes the following:
1 Hour Online SAFE CE – Washington Mortgage Professional’s Rulebook (1868)

Summary
This course covers Washington Compliance Law pertaining to Mortgage Loan Originators. During this 1-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
WAC 208-660 – Mortgage Broker Practices Act Rules
RCW 19.144 – Mortgage Lending and Homeownership Laws
WAC 208-600 – Mortgage Lending and Homeownership Rules
RCW 31.04 – Consumer Loan Act
WAC 208-620 – Consumer Loan Act Rules

Learning Objectives

Upon successful completion of this course you will have a strong understanding of the compliance laws and regulations specific to mortgage loan originators and lenders in the state of Washington.

Washington State Law 1 Hour Mortgage SAFE CE Course
$29
$23

The Utah Mortgage Industry Law Course(s) Five Hrs of Core Included

The Utah Mortgage Industry Law Course(s) Five Hrs of Core Included $154

This Package Includes the Following Courses:
GLB-101 – Gramm-Leach-Bliley Act
S 9 – Real Estate Settlement Procedure Act (Regulation X)
S14 – Quality Control, Compliance, Fraud and Ethics
S17 – Truth In Lending (Regulation Z)
S18 – Home Mortgage Disclosure Act (Regulation C)
S19 – Equal Credit Opportunity Act (Regulation B)

RESPA (REG X), TRUTH IN LENDING (REG Z)  EQUAL CREDIT OPPORTUNITY ACT  (REG C), REGULATION (B), GRAMM-LEACH-BLILEY ACT  AND ETHICS

FIVE (5) HOURS OF REQUIRED CORE COURSES INCLUDED

The Equal Credit Opportunity Act, known as Regulation “B”, is the federal law that governs business practices between a borrower and lender. Both the lender and borrower have rights, and this law protects those rights. The lender is required in his daily business practice to be fair and honest to each and every potential borrower. A study of this law will prepare you to know the requirements of the mortgage lending industry and will show you how to meet the requirements in order to avoid violations that can bring stiff and serious penalties.

 The Truth In Lending (Reg Z) and Federal Reserve Board (Reg C) are very explicitly detailed laws that govern the mortgage industry, and those laws must be followed to the letter.

 The Real Estate Settlement Procedures Act governs the actions involved in a mortgage loan closing and is designed to protect the borrower from ignorance in the transaction.

 This course combines all of these laws to fully prepare you to meet the challenges of compliance in a complicated lending environment. You will know the pitfalls and how to avoid them. With this education, you can render the best possible service to your borrower while protecting the lender at the same time.

The Utah Mortgage Industry Law Course(s) Five Hrs of Core Included $154

8 Hour Online SAFE CE (Includes Rhode Island State Law)

8 Hour Online SAFE CE (Includes Rhode Island State Law)
$149
$119

This course includes the following:
1 Hour Online SAFE CE – Rhode Island State Law (1807)
7 Hour Online CE – SAFE CORE (1265)

1 Hour Online SAFE CE – Rhode Island Compliance Law

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 Rhode Island State Law.  The modules included are:

Rhode Island State Law

This course covers Rhode Island license law and basic regulations pertaining to Mortgage Loan Originator.   The course is divided into four 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. Disciplinary actions:  covers penalties for violations and revocation of licenses

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.

Specific loans covered include:

  • Adjustable rate mortgages (ARMs)
  • Interest Only mortgages (IOs)
  • Negative Amortization mortgagesEthics 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.

Specific loans covered include:

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

8 Hour Online SAFE CE (Includes Rhode Island State Law)
$149
$119

3 Hour SAFE PE – Rhode Island State Law – ONLINE INSTRUCTOR LED

3 Hour SAFE PE – Rhode Island State Law – ONLINE INSTRUCTOR LED $87

This course includes the following:
ONLINE PE – 3 Hour SAFE PE – Rhode Island State Law

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.


3 Hour  SAFE PE – Rhode Island State Law

Summary



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

Learning Objectives

Upon successful completion of this course you will have a strong understanding of several of the laws and regulations specific to mortgage loan originators and lenders in the state of Rhode Island.  You will also have a good background of information for taking the Rhode Island State Exam.

3 Hour SAFE PE – Rhode Island State Law – ONLINE INSTRUCTOR LED $87

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

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

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 PA State Law) – Webinar

 

 

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.

  • The “Three C’s” – Credit, Collateral and Capacity are discussed in detail providing the loan officer with the basic understanding of who makes a good prospective borrower and what property is acceptable for security.
  • Full Document Loans – A complete explanation of the requirements to provide a borrower with the lowest possible rate with the best terms available.  Heavy emphasis on qualification and accurate documentation.
  • Limited Doc Loans or No Doc Loans – Alternatives are explored that can be used to provide mortgage loans to those who will not qualify for a Full Document Loan.  There is a strong emphasis on provision of tax returns and bank statements to demonstrate cash flow.
  • Basic Loan Products – This section covers the differences between a conforming, a subprime (non-conforming), FHA and VA loan.  It also touches on some of the more common loan structures.

 

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.

 

Pennsylvania State Law

 

Chapter 61 of Pennsylvania’s “Mortgage Loan Industry Licensing and Consumer Protection Act,” as amended by the “Mortgage Licensing Act of 2009,” states that Pre-Licensing Education must include 3 hours of State Law and Regulations consisting of a discussion of three laws.  This course discusses each of these laws in separate modules

 

  • Module 1:  Chapter 61 of the Mortgage Loan Industry Licensing and Consumer Protection Act
  • Module 2:  The Housing Finance Agency Law (December 3, 1959; P.L.1688, No.621)
  • Module 3:  The Loan Interest and Protection Law (January 30, 1974; P.L.13, No.6)

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

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

3 Hour SAFE PE – Pennsylvania State Law – WEBINAR

3 Hour SAFE PE – Pennsylvania State Law – WEBINAR $87

This course includes the following:
3 Hour Webinar SAFE PE – Pennsylvania State Law
3 Hour SAFE PE – Pennsylvania State Law

 

Summary


Chapter 61 of Pennsylvania’s “Mortgage Loan Industry Licensing and Consumer Protection Act,” as amended by the “Mortgage Licensing Act of 2009,” states that Pre-Licensing Education must include 3 hours of State Law and Regulations consisting of a discussion of three laws.  This course discusses each of these laws in separate modules

Module 1:  Chapter 61 of the Mortgage Loan Industry Licensing and Consumer Protection Act
The Act provides for the regulation and licensing of mortgage originators (mortgage bankers/brokers, lenders, and loan correspondents); it expands the number of individuals who are required to be licensed as mortgage originators and requires them to register with the Nationwide Mortgage Licensing System & Registry (NMLSR)

Module 2:  The Housing Finance Agency Law (December 3, 1959; P.L.1688, No.621)

This law, enacted in 1959, created Pennsylvania’s Housing Finance Agency.   The Agency’s charge was to broaden the market for housing for low and moderate income families and elderly persons as a public corporation.   We discuss the agency as well as its mandated programs.

Module 3:  The Loan Interest and Protection Law (January 30, 1974; P.L.13, No.6)

This module covers Pennsylvania’s definitions and rules for the maximum lawful interest rate & legal interest rate, exceptions to the maximum lawful interest rate, protective provisions, remedies and penalties and other general provisions

 

Learning Objectives


Upon successful completion of this course you will have a strong understanding of Chapter 61 of the Mortgage Loan Industry Licensing and Consumer Protection Act and, more importantly, all of the major amendments implemented by the Mortgage Licensing Act of 2009.  You will also have an understanding of The Housing Finance Agency Law and The Loan Interest and Protection Law.

3 Hour SAFE PE – Pennsylvania State Law – WEBINAR $87

8 Hour Online SAFE CE Includes North Carolina State Law

Course 8 Hour Online SAFE CE (Includes NC State Law)
$149
$119

This course includes the following:

8 Hour Online CE with North Carolina State Law

Summary


 

This course covers SAFE Continuing Education Requirements for North Carolina. 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 North Carolina State Law.  The modules included are:

State Law Requirement – North Carolina Compliance Law

This course covers North Carolina Compliance Law pertaining to Mortgage Loan Originators. During this 1-hour pre-licensing course we will detail prohibited conduct and practices, required conduct, fees and charges, disclosures and agreements, and advertising

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

Course 8 Hour Online SAFE CE (Includes NC State Law)
$149
$119

1 Hour Online SAFE CE – North Carolina State Law (1847)
7 Hour Online CE – SAFE CORE (1265)

3 Hour SAFE PE New York State Law – ONLINE INSTRUCTOR LED

Course 3 Hour SAFE PE New York State Law – ONLINE INSTRUCTOR LED
$87
$70

This course includes the following:
ONLINE PE – 3 Hour SAFE PE – New York State Law (1697)

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.


3 Hour SAFE PE – New York State Law

Summary

 

This course covers New York Law relevant to Mortgage Loan Originators (MLOs) and is structured to reflect the outline of the New York State License Exam.  During this 3-hour pre-licensing course covering New York Mortgage law, we will cover several laws including: Articles 12-D and 12-E of New York Banking Law; Part 420 of the Superintendent’s Regulations, and Parts 38 and 41 of Banking Board regulations.  We also discuss current licensing regulation as well as the changes to be implemented prior to July 30, 2010.

 

The course is divided into six sections:

 

Section 1:  State Banking Department – Covers the Regulatory authority of the department, the department / agency structure and its responsibilities and limitations

 

Section 2:  State Law and regulation definitions – Introduces you to basics of State Law & Regulation Definitions beginning with discussion of Mortgage loans, fees, and obligations addressed in Articles 12-D and 12-E of New York Banking Law; Part 420 of the Superintendent’s Regulations, and Parts 38 and 41 of Banking Board regulations.

 

Section 3:  License Law and Regulations – Covers Persons required to be licensed, licensee qualifications & the application process, the grounds for denying a license and license maintenance.

 

Section 4:  Compliance – Details prohibited conduct and practices, required conduct, fees and charges, disclosures and agreements and advertising

 

Section 5:  Disciplinary action – Discusses notifications, hearings and appeals, then suspension, revocation and rescission of licenses, then finally, penalties/fines and civil and criminal liability

 

Section 6:  Unique New state test areas – In Section VI, we briefly discuss New York real property law relating to sections 265 and 265-b of Banking Law.  Also, we have provided two examples of the New York State mandated “Pre-Application Disclosure and Fee Agreement”; the first for Mortgage Bankers and Exempt Organizations and the second specifically for use by the Mortgage Broker.

 

Learning Objectives

 

Upon successful completion of this course you will have a strong understanding of several of the laws and regulations specific to mortgage loan originators and lenders in the state of New York.  You will also have a good background of information for taking the New York State Exam.

Course 3 Hour SAFE PE New York State Law – ONLINE INSTRUCTOR LED
$87
$70