As the mortgage industry continues to evolve, mortgage loan originators must stay abreast of the topics most pertinent to their everyday business. Examining Industry Issues in Today's Mortgage Market provides a review of relevant issues facing mortgage loan originators today, specifically those outlined by NMLS as required topics for continuing education. Students will examine provisions of the Real Estate Settlement Procedures Act, the Truth-in-Lending Act, and the TILA-RESPA Integrated Disclosure Rule, specifically rules for filling out the Loan Estimate and Closing Disclosure for both a fixed-rate and an adjustable-rate mortgage transaction. In addition, students will take a look at the new Uniform Residential Loan Application and provisions of the law related to money laundering in the mortgage industry. This course is NMLS-approved for seven hours of core continuing education required for mortgage loan originators, as specified by the S.A.F.E. Mortgage Licensing Act. Annual S.A.F.E. Act continuing education requirements include three hours of federal law, two hours of ethics, two hours of nontraditional mortgage lending, and one hour of elective education, for a total of eight hours.
Our NMLS-approved California - DBO mortgage Late CE course satisfies your ongoing requirements for mortgage loan originator licensure. California Late CE is required if you did not take your continuing education on time. Take your Late CE today to make-up your California MLO continuing education.
The content for this course is the same as course ID 7480 and is intended to satisfy CE requirements for 2018 or the last year a mortgage loan originator held an active license. Mortgage loan originators who take this Late CE course are prohibited from taking course ID 7480 in 2019. This course will focus on the laws and rules that regulate mortgage loan originators doing business in California. The topics included in this course are presented according to those outlined by the state as subjects that must be included in order to satisfy the continuing education requirements for mortgage loan originators. In Module 1, students will spend 30 minutes reviewing required conduct under the California Finance Lenders Law and the California Residential Mortgage Lending Act. In Module 2, students will spend the first 10 minutes continuing their review of the California Finance Lenders Law and the California Residential Mortgage Lending Act by examining prohibited conduct and disciplinary action. Students will spend the last 20 minutes of the course reviewing the California Homeowner Bill of Rights, specifically how it improves fairness for borrowers in the foreclosure process. This course satisfies the one-hour California DBO-specific continuing education requirement for loan originators, as specified by California law. In addition to one hour of California-specific education, annual S.A.F.E. Act continuing education requirements include three hours of federal law, two hours of ethics, and two hours of nontraditional mortgage lending.