Mortgage U offers NMLS approved live and self paced on line courses to earn the 8 hours of continuing education as required under the SAFE Act. While NMLS issues the approval it is individuals state law that dictates the actual number of hours a loan originator must completed. Some states require more than 8 hours of education. Refer to the NMLS State Specific Education Requirements PE and CE document attached here to determine if you need more than the 8 hour course to satisfy state requirements.
MU courses fulfill the 8 hour requirement for:
3 hours of Federal law and regulations
2 hours of ethics that shall include instruction on fraud, consumer protection, and fair lending issues
2 hours of training related to lending standards for the nontraditional mortgage product market
1 hour elective
This course is focused on three distinct groups of information similar to the live classroom version. The on line format allows us to provide video of a convicted mortgage felon confessing his crimes and bringing a first hand account of how mortgage fraud destroys lives. Experience MU’s interactive format in a customized learning management system that keeps you engaged. The three hours of federal compliance focus on the details of RESPA and the GFE. The two hours of non traditional lending and the one hour elective are combined to give you a comprehensive look at FHA automated and manual underwriting and FHA appraisals.
This course was approved in 2012. If you have taken other courses from MU or another provider in previous years, you are eligible to take this course.
This course combines the 8 hour requirements into three topics in order to provide a comprehensive learning experience. The 3 hours of federal compliance is covered with an indepth look at the Good Faith Estimate. The two hours of non traditional lending and the one hour elective are combined to cover FHA underwriting requirements in automated underwriting, manual underwriting and appraisal requirements. The 2 hours of ethics is focused on mortgage fraud information from the Financial Crimes Enforcement Network (FinCEN) to help you understand the latest trends in mortgage fraud.
This course was approved in 2012. If you participated in another MU course in a previous year or a course by another provider, you are still eligible to take this course.
This course was designed to cover general information about federal compliance laws and provides unique information to help originators interested in the condominium market. The agenda includes three hours of general federal law along with two hours to help you detect red flags in mortgage fraud. The two hours of non traditional lending and one hour elective are combined to cover conventional and FHA condominium approval requirements that will help you find more business in this niche market.
This course was approved in 2011. If you attended this course previously you cannot take this course again for two years. If you participated in another MU course in a previous year or a course by another provider, you are eligible to take this course.