Late Continuing Education Online Self-Paced

Late CE: 2 Hour SAFE Elective The New URLA (11321) (Online)

About this Course

Underwriting is the risk assessment step of a residential mortgage transaction. It gives lenders that make home loans and the investors that purchase them the opportunity to complete an analysis of the risks associated with offering mortgage credit to a particular loan applicant. This course will review the underwriting tools and practices used by loan originators in the early stages of a lending transaction to evaluate a consumer’s loan eligibility, as well as underwriting requirements established by federal lending laws and other guidelines followed by lenders known as credit overlays. The content for this course is the same as course ID 11321 and is intended to satisfy CE requirements for 2020 or the last year a mortgage loan originator held an active license. Mortgage loan originators cannot take this course again for credit in 2021.
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SKU 4303US21260A00

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

What You'll Learn

  • Objectives in redesigning the URLA
  • Key elements of the redesigned URLA, including its static and dynamic versions and informational components
  • Guidelines for completing the Lender Loan Information component of the URLA
  • Legal and ethical challenges that loan originators face
  • Guidelines for completing Section 4 of the lender's component of the URLA
  • Consequences of use of misrepresentations and false information on the URLA by parties to a transaction
  • ECOA's prohibitions against discrimination

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.


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