Continuing Education Webinar

2 Hour SAFE Elective: Credit Reporting and Consumer Privacy (Webinar)

The importance of a prospective borrower’s credit score should not be underestimated. One of the most useful devices to complete a thorough and successful analysis is to keep in mind the three Cs of credit: capacity, character, and capital. The mortgage loan originator’s challenge is to understand each applicant’s financial situation and, with these three criteria in mind, find the most suitable product. This course will guide participants through a review of credit basics, including the Fair Credit Reporting Act (FCRA) and FACT Act, the components of credit scoring and reporting, unique situations that warrant nontraditional credit evaluation, and more.


SKU 4303US23250G00

  • 24/7 access to your course online
  • Certificate of Completion

What You'll Learn

  • Summarize provisions of the FCRA and FACT Act
  • Discuss credit scores and the factors included in their calculation
  • Describe credit report basics and their role in evaluating potential borrowers
  • Describe credit reports and how to read them in more detail
  • Define underwriting guidelines that must be followed when using nontraditional credit history to establish creditworthiness
  • Recall privacy requirements imposed by the Gramm-Leach-Bliley Act
  • Describe information protection measures required by the Safeguards Rule and Disposal Rule

How it Works

This course is delivered via a live feed of an instructor presenting course material and is designed to allow the student to communicate in real time with the instructor as well as fellow students. Once registered, you will receive log in credentials to your student portal where you will find all of your class materials.; Please not the following attendance information pertaining to your webinar to receive full credit:

  • All students must attest to the Rules of Conduct prior to entry into the webinar
  • The NMLS requires all student to be visible on webcam for the duration of the webinar.;
  • To verify attendance, students are required to display Government Issued IDs.;
  • You will be taken to a waiting room prior to webinar start for verification to take place. Your ID will only be shown to OnCourse Learning employees only.;
  • Failure to present a Government Issued ID will lead to dismissal of webinar and the need to reschedule for a different event.;
  • Students failing to log in at least 15 minutes prior to the webinar risk not being admitted and receiving credit.;
  • You will only be given credit for the webinar if you have met all NMLS attendance and identification requirements.;
  • Students who are absent from the webinar will not receive credit.;
  • If a student misses any portion of a webinar, no credit will be given, and the student must reschedule for another event.


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