Mortgage Advisor Compliance Program
This 18-hour program is designed to provide general knowledge of residential mortgage lending for financial professionals that are employed in an advisory capacity. The program is designed to be taken over a 4-6 week period. The course includes the required compliance of federal laws in originating a mortgage application. It also provides advisors in the financial field with general loan level concepts and principles that underwriters and credit policy requires. Each one-hour episode is…
20 Hour FEDERAL SAFE NMLS Review Course
This course, MLO-Review, is designed for individuals who have completed the 20 Hour NMLS Pre-licensing Education Requirement but need additional instruction to help them better understand the material. The course provides 6 months of access to the material and the coursework MLO-Review provides a detailed analysis of the laws and regulations covering the origination of a mortgage loans. MLO-Review gives students basic mortgage information and skills necessary to originate a compliant mortgage loan. This Course…
Truth in Lending and RESPA
Outline Department of Housing and Urban Development Act HUD’s Mission Federal Housing Administration Truth in Lending Act (TILA) Reg ‘Z’ Disclosures Annual Percentage Rate (APR) Loan Estimate (LE) Finance Charges Tolerances Right of Rescission Advertising Required Disclosures Mortgage Disclosure Improvement Act Amendments Fair Credit Reporting Act (FCRA) Consumer Rights Consumer Reporting Agency Obligations Bank Secrecy Act/ Anti-Money Laundering Financial Institutions Suspicious Activity Reports (SARS) Real Estate Settlement Procedures Act (RESPA) Covered Transactions RESPA Provisions Required Disclosures Loan Estimate (LE) Closing Disclosure (CD) Learning Objectives Understand the purpose of the Truth in Lending Act…
Equal Credit Opportunity Act and Other Protections
Outline Laws Prohibiting Discrimination Equal Credit Opportunity Act (ECOA) ECOA Requirements Enforcement Disclosures Fair Housing Act Fair Housing Act Exemptions Fair Housing Violations Discrimination in Mortgage Lending Discriminatory Practices Enforcement Home Mortgage Disclosure Act (HMDA) Reg C Covered Properties Data Reporting Home Ownership and Equity Protection Act (HOEPA) High Cost Loan Triggers Prohibited Practices Required Disclosures Homeowners Protection Act (HPA) Disclosure Provisions of the HPA Gramm-Leach-Bliley Act (GLB Act) Financial Privacy Rule Safeguards Rule E-Sign Act Disclosure Provisions Patriot Act Disclosure Provisions Fair and Accurate Credit Transaction Act (FACT Act) Provisions of the FACT…
Consumer Protection and Other Federal Laws
Outline Red Flags Rule Federal Trade Commission Homeowner and Economic Recovery Act (HERA) Disclosure Provisions of the HPA Higher Priced Mortgage Loans HPML Definition Restrictions Dodd-Frank Wall Street Reform and Consumer Protection Act Bureau of Consumer Financial Protection Homeownership counseling Qualified Mortgage Rules Ability to repay Loan Officer Compensation Rules Originator Qualifications TILA-RESPA Integrated Disclosures (TRID) Loan Estimate Definition of a “Loan Application” Change of circumstances Disclosures General Predatory Lending Laws And UDAAP Learning Objectives Understand the purpose of the Red Flag Rules. …
Mortgage Professional Fundamentals Flex Pak
This program offers a choice of paying only for the courses you want of the 20+ sessions offered in the Mortgage Professional Fundamentals program. By selecting multiple sessions you pay as low as $20 per session. Only choose the topics you want. The Mortgage Professional Fundamentals course is designed for individual Mortgage Loan Originators who are working for a depository or credit union and do not need NMLS licensing education credits. It is also for…