8 Hour SAFE Comprehensive CE – Compliance Review, Identity Theft Red Flags Rule, Basics of Origination, and HMDA NMLS# 6371

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No current dates at this time. Please call 800-278-0200 to be placed on the waiting list.

 

About

Course Description

 

The objective of this course is to provide the requirements of the continuing education credits required by the S.A.F.E. Act.  This course complies with the requirement of the 3 hours on Federal Compliance, 2 hours on Consumer Protection or Fraud, 1 hour on General Education (Elective), and 2 hours on Non-traditional Mortgage Products 

 

Course Goals and Objectives

·         Discuss what RESPA covers and the objectives of RESPA
·         Understand the prohibited practices under Section 8
·         Describe the disclosures required by RESPA
·         Explain the Fair Housing Act and the respective prohibited basis
·         Compare the Fair Housing Act with the Equal Credit Opportunity Act
·         Know the prohibited basis under the Equal Credit Opportunity Act
·         Detail the types of lending discrimination recognized by the legal system
·         Know basic mortgage interview steps to get the full story every time
·         List common application interview mistakes
·         Understand what to expect for the 2018 revised loan application
·         List tips for a quality, accurate and fair application
·         State ways to stay on track of your pipeline
·         Understand the Identity Theft Red Flags Rule
·         Be able to define a qualified mortgage
·         Know how to determine a borrower’s ability to repay a loan
·         List the total points and fees limitations for 2016
·         Accurately document a borrower’s employment history
·         Analyze and compute income to be used for qualifying
·         Properly determine the elements used to calculate qualifying  ratios
·         Understand basic information for self-employed borrowers
·         Calculate the borrower’s required assets to close a residential mortgage
·         Verify acceptable documentation and source of funds for loan closing
·         Understand maximum seller contributions
·         Describe what a credit score is and the components of a credit score
·         Understand the rules for qualifying for a new mortgage when the borrower has had a bankruptcy or foreclosure in the past
 

 

 

 

Fees

$149.00 (includes $12.00 NMLS Fee)