- Format:Package
- Education Type:Continuing Education
- Line of Authority:N/A
- Language:N/A
- Credit Hours:8
Consumers rely on the guidance of mortgage professionals as they navigate the loan process. Whether for a first-time home purchase or a refinance‚ most consumers only get a mortgage loan a couple of times over the course of their lives. As the industry changes‚ regulations emerge‚ and available products appear‚ adjust‚ or fade away‚ borrowers will turn to their mortgage loan originator to help keep them informed. Staying aware of the requirements that apply to loan transactions in their state is the best way for licensees to maintain a successful‚ compliant track record. This course will review the laws and regulations that apply to mortgage professionals doing business in Massachusetts. This text will use requirements of the states laws as they are set forth in the Massachusetts General Laws (M.G.L.) and the Code of Massachusetts Regulations (CMR).
What You'll Learn
- Contemporary money laundering and mortgage fraud tactics
- How companies attempt to correct internal fair lending issues, and the consequences of violating fair lending laws
- Various forms of overt and implicit discrimination that occur in the marketplace
- Review of key components of federal law including RESPA, TILA, TRID, ECOA, and more
- Key features, risks and rewards of no-cost loans, ARMs, and 40-year mortgages
- Overview of Massachusetts state specific mortgage law
What's Included
State Requirements
Approved course ID:17216/17238