$549.00
- Format:Package
- Education Type:Pre-licensing Education
- Line of Authority:N/A
- Language:N/A
- Credit Hours:22
Description
This is the optimal package for Florida students who prefer a self-study format to prepare for the National Mortgage Loan Originator Test. This package includes Prep xL, our best-in-class exam preparation tool, designed to reinforce the concepts learned in your courses. It also includes all content required by the state of Florida to become a licensed Mortgage Loan Originator, including the 2 hours of state elective content.
What to Expect
- This SAFE mortgage course consists of five modules that align with the mortgage loan originator test:
- Federal Mortgage-Related Laws, including RESPA, ECOA, TILA, The SAFE Act
- General Mortgage Knowledge including, mortgage programs, mortgage loan products, terms used in the mortgage market
- Mortgage Loan Origination Activities covering application and requirements, qualification (processing and underwriting), appraisals, title reports, specific program guidelines, closing, financial calculations
- Ethics as it pertains to federal mortgage laws, appraisal practices, fraud, and ethical behavior
- Uniform State Content, including the federal SAFE Act and minimum licensing standards, required and prohibited conduct, and model state language for state-specific licensing regulations
What's Included
20 Hour SAFE Comprehensive Applying Mortgage Knowledge to Exam Preparation (Live)
20 Hour SAFE Comprehensive Applying Mortgage Knowledge to Exam Preparation is a test-focused mortgage pre-licensing course, organized to review topics specifically outlined in the National Mortgage Loan Originator Test Content Outline. This live course meets the federal mortgage training requirements found in the SAFE Mortgage Licensing Act of 2008 and helps to prepare students for the National Mortgage Loan Originator Test. There are four modules in this mortgage pre-licenisng course, each aligned with the Test Content Outline: Federal Mortgage-Related Laws, General Mortgage Knowledge, Mortgage Loan Origination Activities, and Ethics. Topics in the Federal Mortgage-Related Laws section include RESPA, ECOA, TILA, the SAFE Act, and other federal laws and guidelines. In the General Mortgage Knowledge module, students will review mortgage programs, mortgage loan products, and terms used in the operation of the mortgage market. Focus areas in the Mortgage Loan Origination Activities module are application information and requirements, qualification (processing and underwriting), appraisals, title reports, specific program guidelines, closing, and financial calculations. The final module will discuss Ethics as it pertains to federal mortgage laws, appraisal practices, fraud, and ethical behavior.2 Hour FL SAFE: Review of Florida Mortgage Law (Live)
This mortgage pre-licensing live course, the 2 Hour FL SAFE: Review of Florida Mortgage Law provides a review of the laws that impact mortgage activities in Florida. In Module 1, students will review the Florida Office of Financial Regulation, important definitions under the law, and provisions related to the licensing of mortgage loan originators. In Module 2, students will review provisions of the law which outline prohibited practices and required conduct for licensees, as well as disciplinary action that may be taken for violations of the law. Students will also examine unique areas of Florida law, including provisions related to the homestead exemption, the required anti-coercion notice, and loan modifications.State Requirements
Approved course ID:1031,6726