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We understand our clients have unique business requirements, so we created flexible training packages to best meet the needs of your financial institution.

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  1. [SS Fed] Homeowners Protection Act

    Private mortgage insurance (PMI) protects the lender in the event that a borrower defaults on a loan, and it is required when a borrower makes a down payment of less than 20% and the loan-to-value ratio is high. Congress passed the Homeowners Protection Act (HPA) in 1998 to facilitate the cancellation of private mortgage insurance. The Homeowners Protection Act provides for the automatic termination of PMI as borrowers build equity, and the risk of loss from default decreases.

    This course provides an overview of the HPA, including important definitions, required disclosures, and prohibited practices under the law.

    20 Minutes

    Series: Mortgage Lending

    Course Type: Online Self-Paced

  2. [SS Fed] Identifying High-Cost Mortgages and Higher-Priced Mortgage Loans

    In 1994, Congress adopted the Home Ownership and Equity Protection Act (HOEPA) in response to the growing use of abusive mortgage lending terms and practices in the subprime market. In 2008, the Federal Reserve Board attempted to make protections available to more borrowers in the subprime market by writing a new set of regulations that apply to "higher-priced mortgage loans."

    This course provides an overview of the loans covered by HOEPA, as well as those considered higher-priced under the law.

    10 Minutes

    Series: Mortgage Lending

    Course Type: Online Self-Paced

  3. [SS Fed] Mortgage Acts and Practices Rule

    Ensuring that advertisements to consumers are clear, accurate, and understandable is an important part of compliance enforcement for regulatory agencies overseeing the mortgage industry. While many advertising provisions are already in place under the federal Truth-in-Lending Act, another rule, called the Mortgage Acts and Practices Rule (the MAP Rule), further regulates the advertisement of mortgage products. It is essential for mortgage professionals to be aware of all areas of federal and state law that regulate advertising practices, and to comply with those regulations at all times.

    This course provides an overview of the MAP Rule, including its background, scope, and applicability, as well as prohibitions under the Rule.

    15 Minutes

    Series: Mortgage Lending

    Course Type: Online Self-Paced

  4. [SS Fed] Privacy Rules

    The Do-Not-Call Implementation Act was signed into law in 2003 as part of earlier legislation – the Telemarketing Consumer Fraud and Abuse Prevention Act and the Telemarketing Sales Rule. The Do-Not-Call Implementation Act authorized the Federal Trade Commission (FTC) to implement and enforce the Do-Not-Call Registry. Under the original provisions of the Telemarketing Act, consumers were required to renew their entry in the registry every five years. Following amendments made by the Do-Not-Call Improvement Act of 2007, phone numbers added to the registry become permanent.

    This course provides an overview of the Do-Not-Call provisions, as well as prohibitions of the Telemarketing Sales Rule.

    10 Minutes

    Series: Mortgage Lending

    Course Type: Online Self-Paced

  5. [SS Fed] Real Estate Settlement Procedures Act – Part I

    The Real Estate Settlement Procedures Act (RESPA) was enacted in 1974 to provide protection for consumers throughout the loan origination process and during and after closing. RESPA assists consumers in selecting appropriate settlement services, and eliminates fraudulent costs associated with settlement services, such as kickbacks and referral fees. RESPA deals with loans secured by mortgages on one- to four-family residential properties, including most purchase loans, assumptions, refinances, property improvement loans, and equity lines of credit.

    This course provides an overview of RESPA, including an explanation of transactions subject to and exempt from the law, important definitions, and information related to required disclosures.

    30 Minutes

    Series: Mortgage Lending

    Course Type: Online Self-Paced

  6. [SS Fed] Real Estate Settlement Procedures Act – Part II

    The Real Estate Settlement Procedures Act (RESPA) was enacted in 1974 to provide protection for consumers throughout the loan origination process and during and after closing. RESPA assists consumers in selecting appropriate settlement services, and eliminates fraudulent costs associated with settlement services, such as kickbacks and referral fees. RESPA deals with loans secured by mortgages on one- to four-family residential properties, including most purchase loans, assumptions, refinances, property improvement loans, and equity lines of credit.

    This course provides an overview of RESPA, including prohibited lending practices, mortgage servicing rules, and penalties for RESPA violations.

    20 Minutes

    Series: Mortgage Lending

    Course Type: Online Self-Paced

  7. [SS Fed] Regulatory Authority

    The enactment of the Dodd-Frank Act brought about many changes that greatly altered the face of the mortgage industry. One of the most significant of these changes was the creation of the Consumer Financial Protection Bureau (CFPB), which became the primary entity in charge of implementing and enforcing most of the provisions of federal lending and consumer protection laws, many of which were previously overseen by the Department of Housing and Urban Development (HUD).

    This course provides a review of the authority of the CFPB, as well as the functions and remaining authority of HUD.

    20 Minutes

    Series: Mortgage Lending

    Course Type: Online Self-Paced

  8. [SS Fed] The Loan Originator Compensation Rule

    The Loan Originator (LO) Compensation Rule became effective in 2014, and is intended to discourage harmful practices, such as basing compensation on the terms of a loan, dual compensation, and steering.

    This course provides an overview of the Loan Originator Compensation Rule, including permissible and prohibited forms of compensation for mortgage licensees.

    10 Minutes

    Series: Mortgage Lending

    Course Type: Online Self-Paced

  9. [SS Fed] The S.A.F.E. Act

    In 2008, and in response to the mortgage lending crisis, the federal government sought to ensure minimum licensing standards for all mortgage loan originators with the enactment of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). The S.A.F.E. Act attempts to make licensing requirements for state-regulated mortgage professionals more uniform by requiring every state to meet minimum standards for all loan originators.

    This course provides an overview of the S.A.F.E. Act, including specific requirements related to licensure and registration.

    10 Minutes

    Series: Mortgage Lending

    Course Type: Online Self-Paced

  10. [SS Fed] The TILA-RESPA Integrated Disclosure (TRID) Rule Part I

    The Truth-in-Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) require numerous disclosures to ensure consumer protection in mortgage loan transactions. On October 3, 2015, the Loan Estimate and the Closing Disclosure replaced previously-used disclosure forms for most mortgage loan transactions. These disclosures resulted from several years of testing, public comment, and legislative revision, and are intended to provide consumers with more clear, accurate, and easy-to-understand disclosure of transaction-related information.

    This course will review introductory information about the TILA-RESPA Integrated Disclosure (TRID) Rule, and includes a step-by-step review of the Loan Estimate, including completion requirements, details related to timing and accuracy, and examples of each page of the disclosure.

    30 Minutes

    Series: Mortgage Lending

    Course Type: Online Self-Paced