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S.A.F.E. ACT Education Requirements

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires that state-licensed mortgage loan originators (MLOs) complete pre-licensure and annual continuing education. In order to meet continuing education requirements state-licensed MLOs must complete 8 hours of NMLS approved education which include the following: 3 hours of Federal law and regulations; 2 hours of ethics, this shall include instruction on fraud, consumer protection, and fair lending issues; 2 hours of training related to lending standards for the nontraditional mortgage product marketplace; and 1 hours of undefined instruction on mortgage origination. 8 Hours Total
Purpose of the Course:
The course is designed to present topics that are most important To understanding the financing of residential real estate as generally applied to all states.   The material covered provides an understanding of what a mortgage loan originator and a mortgage broker need to know in the performance of the origination of a residential mortgage loan.  The course is broken up into 5 Module areas as follows:
  1. Ethics for the Mortgage Professional
  2. Federal Mortgage Laws in 2018
  3. The Ethics of Borrowers
  4. Non-Traditional Products –  What are Lender Options in 2018
  5. Regulatory Update for 2018
To make available quality mortgage education in compliance with the SAFE Act for the primary purpose of developing knowledgeable mortgage professionals to better serve consumers.

Course Objectives:

The main objective of the course is to provide each student with the necessary knowledge as required by the SAFE Act to meet annual Continuing Education Requirements. Each module includes the content and objectives along with a Session quiz which are designed to stimulate an understanding of the material. Course Objectives
  • Upon completion of this course, students will be able to: • To understand UDAAP and its implications for Mortgage Originators • Discuss disclosure provisions of federal laws related to mortgage lending. • Recognize indicators of mortgage ethical situations. • Identify predatory lending practices and non-traditional products • Discuss agency guidelines on lending and subprime loans. • Understand the recent changes in mortgage regulations
* Some states require additional PE credits that are state specific.  We offer these courses in an online self study format at an additional charge.
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