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Continuing Education Classroom

3 Hour NY SAFE: New York Mortgage Loan Originator 2024 CE (Live)

Consumers rely on the guidance of mortgage professionals as they navigate the loan process. Whether for a first-time home purchase or a refinance, most consumers only get a mortgage loan a couple of times over the course of their lives. As the industry changes, regulations emerge, and available products appear, adjust, or fade away, borrowers will turn to their mortgage loan originator to help keep them informed. Staying aware of the requirements that apply to loan transactions in their state is the best way for licensees to maintain a successful, compliant track record. This course will review the laws and regulations that apply to mortgage professionals doing business in New York. This text will use requirements of the state’s laws as they are set forth in the New York Banking Law (NY BNK Law) and the New York Codes, Rules and Regulations (NYCRR).

$89.00

SKU 4303NY24500B00

Certificate of Completion

What You'll Learn

  • Identify the requirements to obtain and maintain a mortgage license in New York
  • Recognize standards of required conduct for New York mortgage licensees
  • Consider the state-specific standards for originating certain loans, including reverse mortgages and high-cost loans
  • Recognize requirements under New York law for junior liens
  • Define prohibited acts and practices for mortgage licensees in the state
  • Recall the disciplinary consequences that will result from violating the law

How it Works

This course is delivered in a face-to-face format in which the student and instructor will occupy and interact in the same physical location. All materials for your NMLS-approved Live CE Courses will be handed to you on the scheduled day of class. Materials will include textbook(s), assessment(s), syllabi, Rules of Conduct (ROC) and a survey. At the beginning of class, you will need to provide a valid photo ID during the time of registration in order to attend class. For all Live CE courses, you must be present and attentive for the full length of class. If you are unable to complete any section of the class, you will be required to reschedule. Any missed check-in will prevent you from receiving credit, and you will be required to reschedule. Before you are able to receive credit, you must also initial on the roster that you have read and understand the Rules of Conduct Document (ROC), which will be made available to you when you arrive to the class.

State Requirements

NMLS APPROVED ID 16329