CATEGORY:
Loan Originator Licensing
Loan Originator Licensing
Course Access: Lifetime
Course Overview
Outline:
Home
Economic Recovery Act (HERA)
Nationwide
Mortgage Licensing System and Registry
Creation of the NMLS
Objectives of the SAFE Act
Definitions of Mortgage Functions
Entities Regulated
State
Licensing Requirements
Entities regulated
Education and Testing
Licensing Renewals
Exclusions and Exemptions
Registered
Licensing Requirements
Relationship
between Federal and State Laws covering mortgage originators
Investigations,
examinations and penalties
Learning Objectives:
- Understand the objectives of the SAFE Act.
- Understand the licensing requirements for Mortgage
Loan Originator, including:- age
- residency
- criminal background
- education
- testing
- financial records.
- Understand the licensing requirements for
registered loan originators. - Understand continuing education requirements
and renewal processes. - Understand the relationship between federal
and state laws controlling mortgage originators.
Teaching Methods:
Power Points, Video PowerPoint Presentation and
Quiz