Bookstore - Mortgage Loan Originator
8 Hour SAFE Comprehensive: Compliance in Action 2018
This course satisfies the annual continuing education requirements for mortgage loan originators set forth by the SAFE Act (Secure and Fair Enforcement Mortgage Licensing Act of 2008). The course covers the required two-hours on nontraditional lending by discussing suitability of nontraditional loans v. traditional loans for particular types of buyers. The required two hours of Ethics instruction provides a refresher of ethics, fair lending, fraud, and consumer protection topics. Case studies on ethics/fair lending, appraisal/mortgage fraud and RESPA violations provide the learner with opportunity for practical application of knowledge on these topics. The three- hour federal law requirement focuses on a review of federal laws that prohibit discrimination, including FHA, ECOA, HMDA, and CRA. Recent industry trends, updates, and issues related to these laws are included. The one-hour elective focuses on analysis of appraisal reports with attention paid to details mortgage loan originators should review.