Massachusetts Mortgage Late CE Online Courses 

NMLS-approved online courses provide Massachusetts MLOs with required late continuing education

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Get your Massachusetts Late CE mortgage loan originator continuing education with our NMLS-approved course

Our NMLS-approved Massachusetts mortgage Late CE course satisfies your ongoing requirements for mortgage loan originator licensure. Massachusetts Late CE is required if you did not take your continuing education on time. Take your Late CE today to make-up your Massachusetts MLO continuing education. 

Late CE: 7 Hour SAFE Core Examining Industry Issues in Today's Mortgage Market (7623)

Format | Online Self-Paced

Credit Hours | 7

Category | Elective

SKU | 4303US19110A00

$134.00

More Info

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.

Late CE: 1 Hour MA SAFE A Fresh Look at Massachusetts Mortgage Law (7447)

Format | Online Self-Paced

Credit Hours | 1

Category | Elective

SKU | 4303MA19510A00

$59.00

More Info

The content for this course is the same as course ID 7447 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 7447 in 2019. This course will focus on the laws and rules that regulate mortgage loan originators doing business in Massachusetts. In Module 1, students will examine the authority of the Massachusetts Division of Banks and important definitions under the law. Students will also review required conduct for mortgage licensees, including duties related to notification requirements, as well as provisions of the law related to disclosures and advertising. In Module 2, students will review prohibited practices for licensees and disciplinary action which may be taken when a licensee violates the law. This course satisfies the one-hour Massachusetts-specific continuing education requirement for loan originators, as specified by Massachusetts law. In addition to one hour of Massachusetts-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.

 Your Success is Our #1 Priority

OnCourse Learning empowers aspiring mortgage loan originators and seasoned mortgage loan officers to take their learning experience to the next level. Get and maintain your NMLS license with NMLS-approved mortgage pre-licensing, continuing education, and late CE courses, plus exam prep tools to help you pass your NMLS license exam. With over 50 years of experience, we are proud to offer the ultimate learning experience no matter where you are at in your mortgage education journey.

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Massachusetts Mortgage License Requirements

Massachusetts Mortgage License Requirements

Learn about the Massachusetts mortgage education needs and additional requirements for mortgage licensing.

In the state of Massachusetts, mortgage loan originators are required to:

  1. Complete a federal and state Criminal Background Check (CBC).
  2. Authorize a credit report through the NMLS.
  3. Fulfill all state and federal education requirements as designated by your state agency.
  4. Take and pass a National Test.

Massachusetts NLMS Pre-Licensing Education Requirements

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:

  • 3 hours of federal law
  • 3 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 9 hours of electives
  • 3 hours of Massachusetts state-specific education

NOTE: PE education must be completed within 3 years of new or subsequent license application

 Massachusetts Continuing Education Requirements

State-licensed MLOs are required to complete 8 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:

  • 3 hours of federal law
  • 2 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 1 hour of Massachusetts state-specific education

 MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.

 Massachusetts Mortgage Licensing: More Information

Massachusetts Division of Banks

Phone: 617-956-1500

Email: nmls@state.ma.us

Website: www.mass.gov/orgs/division-of-banks

 

 NMLS Resources:

To view the Massachusetts MLO License Description Page, please click here

Professional Standards: Mortgage Education – click here

Professional Standards: Criminal Background Check – click here

Professional Standards: Credit Report – click here

Professional Standards: Mortgage Education – click here

Professional Standards: MLO Testing /ocabr/government/oca-agencies/dob-lp– click here

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