More About The Program - CLOES.online

Your personal data will be used to support your experience throughout this website, to manage access to your account, and for other purposes described in our Privacy Policy.

FREE TRAINING: If You’re Tired of Chasing Documents, Watch This!

Mortgage Competencies, Mortgage Education, Mortgage Insights, Originators, Originators, Processors, Underwriters, Real Estate Agents, Real Estate Brokers

Getting customers is one thing. Keeping them is another. One of the fastest ways to lose the confidence of a borrower or real estate partner is to leave them hanging because something is missing from the loan file. In this video, I’ll

The Perfect Storm: Why the Biggest Opportunity in Mortgage Origination is Right Now

Mortgage Insights

The Perfect Storm: Why the Biggest Opportunity in Mortgage Origination is Right Now Deb Killian, Founder & Instructor at CLOES.online 35+ years managing over $1 billion in real estate loans Let’s be brutally honest about the last three years in the mortgage industry. With

One Click Can Cost Millions: Cybersecurity Risks for Mortgage Loan Originators

Mortgage Insights

Many mortgage loan originators (MLOs) assume cybersecurity is primarily the responsibility of the company’s IT department. In reality, MLOs are often the first line of defense—and sometimes the greatest point of vulnerability. Mortgage originators routinely handle highly sensitive nonpublic personal information

Navigating NMLS Licensing: A Step-by-Step Success Guide

Mortgage Insights, NMLS Licensing Education

The journey to becoming a licensed mortgage professional often feels like navigating a complex maze of regulatory requirements and tight deadlines. At CLOES.online, we believe that understanding the sequence of the Nationwide Multistate Licensing System (NMLS) is the first step

Not All 20-Hour SAFE Act Courses Are the Same

Mortgage Education, Mortgage Insights, Mortgage Recruiters, NMLS Licensing Education, Originators

Passing the exam is required. Competency is expected. Every NMLS-approved 20-Hour SAFE Act course technically checks the same regulatory box. That does not mean they prepare you equally for the realities of mortgage lending. Most courses are built to help you pass a

Can MLOs Truly Be Independent Contractors?

Mortgage Insights

Many mortgage companies operate under the assumption that classifying Mortgage Loan Originators (MLOs) as independent contractors is permissible, often citing a perceived lack of concern from state regulators. However, navigating these complex rules highlights the critical need for advanced mortgage

What It Takes to Pass the NMLS Test!

Mortgage Insights

If you are thinking of getting your Mortgage Loan Originator State License, there is a crucial statistic you need to know: the NMLS pass rate for first-time test-takers is hovering right in the mid-50s. To clarify, that means roughly half

California's AB 3108: New Felony Charges for Mortgage Brokers

Mortgage Insights

When a Borrower Doesn't Qualify for Conventional Financing—Think Twice Before Defaulting to Non-QM! It’s tempting to label a loan as investment purpose when a borrower doesn’t meet conventional guidelines—even when they plan to occupy the home as a primary residence. Well, that

Mortgage Training Doesn’t Have to Be Overwhelming or Expensive—Here’s a Better Way!

Mortgage Insights

Looking for a smarter, more affordable way to learn the mortgage business? If you are preparing to pass the NMLS exam and start a career as a mortgage loan originator (MLO), it comes with a steep learning curve. You need to

Introducing CLOES.online - Loan Originator Training Membership Subscription

AML, Compliance, Originators

Check out our new membership subscription option for any loan originator who is ready to learn how to earn more money and become a mortgage expert in under a year. This material will set up a mortgage originator for life. This plan

NAR's Home Finance Resource Certification presented by Deb Killian

Mortgage Insights

NAR's Home Finance Resource Certification presented by Deb Killian Watch video:

What New Mortgage Loan Originators Need to Know That Nobody Ever Tells You

Mortgage Competencies, Mortgage Education, Mortgage Insights, NMLS Licensing Education, Originators

The mortgage origination field can seem incredibly appealing, offering the potential for high earnings, autonomy, and the satisfaction of assisting others with their home financing. However, this allure often leads to unrealistic expectations and, ultimately, early disillusionment. To avoid

When Starting a Mortgage Broker Business...Hope is Not a Strategy!

Compliance, Mortgage Broker Business, Mortgage Competencies, Mortgage Employment, Mortgage Insights, Mortgage Lender, NMLS Licensing Education, Originators

I have been receiving many inquiries about what it takes to start a mortgage broker business and how to get started. I recently spoke to a gentleman who thought he wanted to start his own business, but after our lengthy

The Top 10 Reasons to Teach Real Estate Continuing Education!

Mortgage Competencies, Mortgage Education, Mortgage Insights, Originators, Real Estate, Real Estate Continuing Education

For the past 20 years, I have been teaching real estate classes. Initially, I began teaching as a strategic piece of my mortgage loan originator professional development. I was looking for a way to build and maintain professional relationships

MLO Licensing to Mastery - Your 1st Year

AML, Mortgage Competencies, Mortgage Education, Mortgage Employment, New Mortgage Program, NMLS Licensing Education, Originators

The definition of insanity: doing the same things over and over and expecting different results. Welcome to the mortgage business! Mortgage company owners and recruiters often entice new Mortgage Loan Originators (MLOs) into the industry with the allure of minimal

DOL Closes the Door on Mortgage Originators Paid as Independent Contractors

Mortgage Insights

In the fast-paced world of mortgage lending, a crucial yet often overlooked issue is always lurking between companies and those mortgage loan originators they employ; the misclassification of mortgage loan originators. Often labeled as independent contractors, many of these financial professionals

Under 20 Employees? Your Business May Be Subject to New Beneficial Ownership Interest (BOI) Rules!

Mortgage Insights

I usually write about mortgage or real estate professionals, but since I teach Anti-Money Laundering classes, I thought it would be helpful for all small businesses to know what’s coming. On September 18, 2023 the Financial Crimes Enforcement Network (FinCEN) published

CFPB Issues Fines for Favors: Mortgage and Real Estate Firms Handed $1.95M Penalty for RESPA Violations

Banks, Compliance, Credit Unions, Mortgage Broker Business, Mortgage Education, Mortgage Insights, Originators, Real Estate Agents, Real Estate Brokers

In a startling turn of events, two major players in the mortgage and real estate industry have been dealt a hefty blow with fines totaling a staggering $1.95 million. The penalties come as a result of their failure to comply

"Accelerate Your Success with Our Exclusive 20-Hour Pre-Licensing Education Program: Unbeatable Value at Just $299!"

Mortgage Education, Mortgage Employment, New Mortgage Program, NMLS Licensing Education, Originators, Originators, Processors, Underwriters

Ready to embark on a rewarding career as a mortgage loan originator? Look no further! We're thrilled to announce our latest offering: the comprehensive 20-Hour Safe Pre-Licensing Education Program Our newest course was written by and taught by veteran mortgage loan

7 Hours in Front of 125 Real Estate Agents! Loan Originators Pay Attention! Now Is The Time...Learn to Teach Real Estate Continuing Education!

Certification, Learning Management, Live Events, Mortgage Education, Mortgage Insights, New Mortgage Program, Originators

In the last 3 weeks, I spent 7 hours in front of 125 real estate agents! A captive audience. Curious how I got there? If you've read this far, this is not a brag post. It's an opportunity for you

Jeanne Kelly & Debra Killian Announce New Program for Originators Working with Realtors!

Mortgage Insights

Join Jeanne Kelly Credit Coach and Debra Killian on Credit Over Coffee as they discuss getting into the mortgage industry and Debra's E-Course, Mortgage Origination Practices. 2023 will be a challenging year for most mortgage companies and originators. Everyone wants purchase business. This

Employee or Independent Contractor Classification Under the Fair Labor Standards Act

Compliance, Mortgage Broker Business, Mortgage Competencies, Mortgage Education, Mortgage Employment, Mortgage Insights, Mortgage Lender, Mortgage Recruiters, Originators, Originators, Processors, Underwriters

On October 13, 2022 the Federal Department of Labor published findings in Vol. 87, No. 197 of the Federal Register. The W-2/1099 controversary hits many businesses. As stated in previous posts, there is no special 1099 consideration for mortgage loan originators. Regardless

Is Anti-Money Laundering (AML) Mandatory Compliance Coming for Realtors?

AML, Compliance, Real Estate Agents, Real Estate Brokers, Real Estate CE

Do you know how money is actually laundered through real estate transactions? Do you know your Anti-Money Laundering (AML) Training Requirements? Between 2015 and 2020, at least $2.3 billion was laundered through US real estate, with estimates by Washington, D.C. think

UDAAP-ECOA-TILA Are You Ready for Examiners?

Banks, Compliance, Credit Unions, Mortgage Broker Business, Mortgage Competencies, Mortgage Education, Mortgage Insights, Mortgage Lender, New Mortgage Program, Originators, Originators, Processors, Underwriters

The overlap between federal and state laws and regulations becomes very apparent once there is an examination and/or an enforcement action. With COVID dominating our work environment over the past two years, not many audits or exams were scheduled by state

Changes to the Appraisal Form and Data Coming!

Learning Management, Mortgage Broker Business, Mortgage Competencies, Mortgage Education, Mortgage Insights, Originators, Originators, Processors, Underwriters, Processing

With the new URLA behind us...along comes the next major change in residential lending. Fannie Mae and Freddie Mac (aka the GSEs) have provided an update on the new URAR. Yes, the Uniform Residential Appraisal Report is undergoing some major changes. Here

The Feds Beef Up Employment Enforcement on Independent Contractors

Compliance, Mortgage Broker Business, Mortgage Competencies, Mortgage Education, Mortgage Employment, Mortgage Insights, Mortgage Lender, Mortgage Recruiters, NMLS Licensing Education, Originators, Originators, Processors, Underwriters

With rates going up, refinance volume quickly heading south and originators looking for the next shiny thing, we are bound to see movement in the industry. That means mergers, buyouts and some companies closing. Migrating originators can be a tricky

Fannie Mae COVID Guideline Change

Mortgage Insights

With the pandemic pointing toward endemic, it's a relief that the GSEs are starting to look at removing some of the COVID-related guidelines. Self-employed borrowers may find it a bit easier to qualify for a mortgage now...,just in time as rates

Mortgage Company Compliance Requirements for AML Training

AML, Banks, Compliance, Credit Unions, Mortgage Education, Mortgage Insights

How does a mortgage company meet the statutory requirement for Anti-Money Laundering education? The question comes up because many companies do not comply with the annual education requirement for all employees. In our opinion the law and regulations on AML training

The Myths and Realities -1099 vs W-2 for Loan Originators!

Mortgage Insights, Image

As someone who has followed this topic for many years, with many debates, I've heard it all. Just today, posts on Facebook brought it up...again! What's different now is a few weeks ago, I decided to get reliable information from

8 Episodes of Fundamentals of Processing Teaches the WHY!

Banks, Compliance, Credit Unions, Mortgage Insights, Processing

Mortgage Processing Fundamentals is an on-demand, video recorded program which presents the base of knowledge needed to succeed at residential mortgage processing. The course is written and presented by a 25-year seasoned loan originator who has processed her own loans. The fundamentals