8 Hour Continuing Education Course
NMLS Course Number: 16040 (7 Hour), 15067 (1 Hour Non-State Specific Elective)
Format: Live Stream Webinar
***Dates/Times in dropdown menu***
Requirements:
Webcam must be on the entire class per NMLS
This course must be taken from a desktop or laptop computer.
Please ensure you have a stable, strong, high-speed internet connection
Course Descriptions:
7 Hour SAFE Core: Industry Updates for Mortgage Professionals
1 Hour SAFE: Mortgage Program Guideline Updates for Mortgage Professionals
What We Discuss in CE This Year…
What’s new, 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.
- Discuss the NAR settlement and what’s next with the DOJ
- Review title insurance and attorney opinion letters and how they differ
- What’s new in Fair Lending including enforcements and proactive prevention
- The Top 10 lender exam findings and how to avoid them
- Recent Mortgage Fraud Trends and what they tell us
- Discuss the Key Issues in the Market and Updates-Supply, Affordable Housing, and Program flexibility
- Recent changes and a look at the future of appraisals
- CFPB updates and what we can learn recent enforcements
- Recent Fannie and Freddie changes and how they create flexibility
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/Non-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.
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