New York NMLS-Approved Mortgage Continuing Education

Understanding Origination Regulations 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 TILA-RESPA Integrated Disclosure Rule, including a look at the Loan Estimate and Closing Disclosure, as well as several laws that reinforce ethical obligations of mortgage licensees like Regulation N and the Bank Secrecy Act. Students will also review rules for the origination of FHA and VA loans.

This course will focus on the laws and rules that regulate mortgage loan originators and mortgage loan companies doing business in New York. Throughout this course, students will review fictionalized scenarios based on real regulatory decisions made by the Department of Financial Services in recent months, paired with a discussion of the relevant sections of New York law and regulations. In Module 1, students will review standards for obtaining and maintaining a license, disclosures, fees and charges, and other required conduct. In Module 2, students will look at junior liens, as well as prohibited conduct, examinations and investigations, disciplinary action, and more.

This course will focus on the laws and rules that regulate mortgage loan originators and mortgage loan companies doing business in New York. Throughout this course, students will review fictionalized scenarios based on real regulatory decisions made by the Department of Financial Services in recent months, paired with a discussion of the relevant sections of New York law and regulations. In Module 1, students will review standards for obtaining and maintaining a license, disclosures, fees and charges, and other required conduct. In Module 2, students will look at junior liens, as well as prohibited conduct, examinations and investigations, disciplinary action, and more.

This course will focus on the laws and rules that regulate mortgage loan originators and mortgage loan companies doing business in New York. Throughout this course, students will review fictionalized scenarios based on real regulatory decisions made by the Department of Financial Services in recent months, paired with a discussion of the relevant sections of New York law and regulations. In Module 1, students will review standards for obtaining and maintaining a license, disclosures, fees and charges, and other required conduct. In Module 2, students will look at junior liens, as well as prohibited conduct, examinations and investigations, disciplinary action, and more.

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. Students will examine provisions of the Truth-in-Lending Act, the TILA-RESPA Integrated Disclosure Rule, and the Qualified Mortgage Rule, including issues related to considering the triggers, tolerances, and thresholds that enable loan originators to determine when disclosures are due and what information is required. In addition, students will take a look at the Real Estate Settlement Procedures Act, specifically rules related to lead agreements, marketing services agreements, co-marketing, desk licensing agreements, and affiliated business arrangements. Students will also review several nontraditional mortgage products, such as adjustable-rate mortgages and fixed-rate mortgages with terms of 15 and 40 years. Finally, students will review mortgage laws and regulations specific to the state of New York. This course is NMLS-approved for eleven hours of continuing education required for New York mortgage loan originators, as specified by the S.A.F.E. Mortgage Licensing Act and New York law. Annual S.A.F.E. Act continuing education requirements for New York loan originators include three hours of federal law, two hours of ethics, two hours of nontraditional mortgage lending, one hour of elective, and three hours of New York-specific laws and regulations, for a total of eleven hours.