This course includes the following:
2 Hour Webinar SAFE PE – Loan Fundamentals (1093)
3 Hour Webinar SAFE PE – Ethics, Fair Lending and Fraud (1075)
3 Hour Webinar SAFE PE – Federal Law: RESPA and SAFE (1158)
4 Hour Webinar SAFE PE – Federal Law: Credit and Information (1162)
4 Hour Webinar SAFE PE – Federal Law: TILA (1160)
4 Hour Webinar SAFE PE – Nontraditional Mortgages Overview (1156)
ONLINE PE – 2 Hour SAFE PE – West Virginia State Law (2735)
Printable Materials for SAFE Core 20 Hours
This course covers SAFE Prelicense Education Requirements for any state without state-specific education. Specifically, this course includes the required 2 Hours on WV 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 22 hour requirement.
West Virginia State Law
This course covers West Virginia law and regulations pertaining to Mortgage Loan Originator licensing and is structured to reflect the outline of the West Virginia State License Exam. During this 2-hour pre-licensure course covering West Virginia mortgage law, we will cover several laws including:
The course is divided into five sections:
(Note that due to time constraints, this course does not include materials on the compliance section of the state exam, which is available separately on our website.)
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
• Construction permanent mortgages
• Reverse Mortgages