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Late Continuing Education Online Self-Paced

Late CE: 7 Hour SAFE Core Maintaining Mortgage Industry Awareness (10545) (Online)

About this Course

Maintaining Mortgage Industry Awareness provides a review of relevant issues facing mortgage loan originators today, specifically those outlined by NMLS as required topics for continuing education. This course is NMLS-approved for seven hours of continuing education required for mortgage loan originators, as specified by the SAFE Act. The content for this course is the same as course ID 10545 and is intended to satisfy CE requirements for 2019 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 10545 in 2020.
$134.00
SKU 4303US20110A00
  • 24/7 access to your course online
  • Certificate of completion

What You'll Learn

  • Triggers that determine when initial and revised loan-related disclosures are due
  • Tolerance levels for variances between estimated and actual costs
  • Thresholds for distinguishing qualified vs. non-qualified mortgages
  • Guidelines to determine when an entity is a small creditor
  • Thresholds for high-cost and higher-priced mortgage loans
  • CFPB's enforcement priorities, processes and strategies
  • Distinction between the legal use of referrals and illegal exchange of referral fees
  • Legal and ethical concerns regarding split fees
  • Disclosure requirements for affiliated business arrangements
  • The definition of a nontraditional mortgage product
  • Current regulations that restrict access to nontraditional mortgages
  • Penalties for RESPA violations
  • Advantages and disadvantages of using the 15 year fixed rate product
  • Circumstances in which a lender may offer nontraditional mortgages with a 40 year term
  • And more!

How it Works

This is an online self-paced course that allows you to study the course material independently and at your convenience. Access to a computer with internet access is required. Please note this course is only supported for laptop or desktop computers, as NMLS requirements prohibit the consumption of licensing training on mobile devices, such as cell phones or tablets.

FAQs

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