Utah - DRE 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 provide a review of the topics outlined by the Utah Division of Real Estate (DRE) which are required to satisfy continuing education requirements for mortgage loan originators in the state. Required topics include recent legislative changes to the Utah Residential Mortgage Practices and Licensing Act and the Administrative Code, as well as a review of standards for licensee conduct, compliance issues, and disciplinary consequences for violation of the law. Students will also review numerous disciplinary actions taken by the Division in 2017 and 2018.

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 Utah. This course is NMLS-approved for ten hours of continuing education required for Utah DRE mortgage loan originators, as specified by the S.A.F.E. Mortgage Licensing Act and Utah law. Annual S.A.F.E. Act continuing education requirements for Utah loan originators include three hours of federal law, two hours of ethics, two hours of nontraditional mortgage lending, one hour of elective, and two hours of Utah DRE-specific laws and regulations, for a total of ten hours.

This mortgage CE online course will provide a review of the topics outlined by the Utah Division of Real Estate (DRE) which are required to satisfy post-licensing education requirements for mortgage loan originators in the state. Required topics include Utah’s status as a non-disclosure and non-community ownership state, state-specific mortgage products and programs, the regulatory authority of the Utah DRE, and more. Students will also review numerous provisions related to required and prohibited conduct and license maintenance for Utah mortgage professionals. IMPORTANT: This course is a one-time requirement and is only required for MLOs who were licensed from January 1, 2018 to December 31, 2018. These five hours is in addition to the 10 hours of annual CE already required for MLOs (8hrs + 2hrs of UT-specific). The 5hr postlicensure course is required to be completed by October 21, 2019.