NMLS Course Number: 17431
Course Format:
Online Self-Study (may access and complete at your convenience)
Course Description:
7 HR SAFE CE CORE: UPDATES FOR MORTGAGE PROFESSIONALS
What We Discuss in CE This Year…
This year’s course covers key industry issues: What’s new and how the changes are impacting us and what the future holds. We know your referral sources, clients and companies count on your to be an expert and we design the course so you can use the time you spend to grow your opportunities.
- Learn key housing issues, challenges and potential solutions
- Understand current and proposed credit rules and regulations
- Explain cash flow underwriting and how it impacts eligibility
- Describe RESPA rules and potential reform
- Review BSA/AML and the latest GTO parameters
- Discuss changes and benefits of the new appraisal format
- Identify innovative lending programs available at local, state and federal levels
- Define AI and the impact it may have on mortgage lending
- Summarize current mortgage fraud and cybersecurity trends and how to combat them
Continuing Education Requirements
Every state-licensed MLO (in any approved status) is required to complete at least 8 hours of NMLS approved education annually beginning the year they are licensed (unless PE was completed in the same year). Annual CE education must include:
- 3 Hours of Federal Law
- 2 Hours of Ethics (which shall include fraud, consumer protection, and fair lending issues)
- 2 Hours of Non-Traditional Mortgage Lending
- 1 (or more) Additional Hour of Elective/State-Specific Education
MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row. MLO’s are advised not to retake pre-licensure education (PE) unless directed to by a State Regulator. PE education does not count towards meeting annual CE requirements.
Reviews
There are no reviews yet.