New Jersey Mortgage Late CE Online Courses 

The content for this course is the same as course ID 7462 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 7462 in 2019. This course will focus on the laws and rules that regulate mortgage loan originators doing business in New Jersey. In Module 1, students will examine the authority of the New Jersey Department of Banking and Insurance and important definitions under the law. Students will also review required conduct for mortgage licensees, including duties related to license names, qualified individuals, and notifications, as well as provisions of New Jersey law pertaining to advertising, fees, disclosures, and secondary mortgage loans. In Module 2, students will review prohibited practices for licensees under the Residential Mortgage Lending Act, as well as provisions of the Home Ownership Security Act. Students will also take a look at the Commissioner's authority to conduct examinations of licensees and disciplinary action which may be taken when a licensee violates the law. This course satisfies the two-hour New Jersey-specific continuing education requirement for loan originators, as specified by New Jersey law. In addition to two hours of New Jersey-specific education, 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 three hours of elective education.

The content for this course is the same as course ID 7417 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 7417 in 2019. Clear communication between a mortgage professional and a client is imperative to ensuring the success of a loan transaction. Throughout the mortgage loan process, many events trigger the requirement to disclose information to the client. Changes in information can also demand the disclosure ' and at times, even re-disclosure ' of information. As a result, it is vital that mortgage professionals are aware of the many disclosure rules with which they must comply, and of the timelines that apply for delivery. Late, incomplete, or inaccurate disclosures can be catastrophic for a single transaction and for the general public's trust in the mortgage industry. This course will review the numerous federal laws that impose disclosure obligations on mortgage loan transactions and their requirements, including those for contents, delivery, corrections, and more. This course satisfies two hours of elective education for loan originators. 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.

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 eight hours of 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.