Loan Originator Licensing

Outline:

Home
Economic Recovery Act (HERA)

Nationwide
Mortgage Licensing System and Registry

State
Licensing Requirements

Registered
Licensing Requirements

Relationship
between Federal and State Laws covering mortgage originators

Investigations,
examinations and penalties

Learning Objectives:        

1. Understand the objectives of the SAFE Act.
2. Understand the licensing requirements for Mortgage
   Loan Originator, including:
   1. age 
   2. residency 
   3. criminal background 
   4. education 
   5. testing 
   6. financial records.
3. Understand the licensing requirements for
   registered loan originators.
4. Understand continuing education requirements
   and renewal processes.
5. Understand the relationship between federal
   and state laws controlling mortgage originators.

Teaching Methods: 

Power Points, Video PowerPoint Presentation and
Quiz