- Format:Package
- Education Type:Pre-licensing Education
- Line of Authority:N/A
- Language:N/A
- Credit Hours:20
Prepare for the MLO license exam with this 20-hour webinar course for mortgage pre-license education. 20 Hour SAFE Comprehensive Applying Mortgage Knowledge to Exam Preparation is a test-focused mortgage pre-licensing online webinar course, organized to review topics specifically outlined in the National Mortgage Loan Originator Test Content Outline. This 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. NMLS Approval ID 1053
- 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 (Webinar with eBook)
- 10-day training program
- Meets all federal pre-licensing requirements
Text Book: 20 Hour SAFE Comprehensive: Applying Mortgage Knowledge to Exam Preparation
This text book is organized to review topics specifically outlined in the National Mortgage Loan Originator Test Content Outline, and will help to prepare students for the National Mortgage Loan Originator Test. There are four modules in this book 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 S.A.F.E. 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.