SAFE 20 Hour Course - Online Training With Instructor Access

Webinar: ID# 1010338
About This Course:
This online NMLS course gives you a seven-day period to complete the required coursework. Essentially, you complete your course over a seven-day window with an instructor who will monitor and communicate with you during the course. Upon purchasing this 1 week OIL course, you will receive a schedule from the trainer with assignments and an ending meeting time.

Because the course is online, you can complete your required training on your own time. You can start, stop, and pause your course at any time and pick back up where you left off, and for tough areas or questions you have access to an instructor who is available via email (typically between 9a and 9p Eastern).

This online course satisfies the required 20 hours of national pre-licensing NMLS education to earn your mortgage license, and contains:
  • Three (3) hours of federal law and regulations
  • Three (3) hours of ethics, which includes instruction on fraud consumer protection and fair lending issues
  • Two (2) hours of training related to lending standards for the nontraditional mortgage product marketplace
Because this is an online course, you can take it from anywhere where you have an Internet connection.


Truth in Lending Act (TILA) - Regulation Z - [2 Hours]
  • TIL Disclosure Statements
  • Disclosures for Variable Rate Credit Plans
  • Advertising Disclosure Requirements
  • The Mortgage Disclosure Improvement Act (MDI/HERA) - July Rule
  • Home Owners Protection Enforcement Act (HOEPA)
Real Estate Settlement Procedures Act (RESPA) - Regulation X - [2 Hours]
  • Required Disclosures at all Stages
  • Service Disclosure Statements, Booklets and Requirements
  • Damages and Costs for Noncompliance
  • Prohibiting Kickbacks and Unearned Fees
  • Penalties for Violation
  • Affiliated Business Arrangement Form
New RESPA Good Faith Estimate - [1 Hour]
  • Understanding the New Good Faith Estimate
  • Changes Made to Facilitate Shopping
  • The New Good Faith Estimate
  • Analyzing the Form
Equal Credit Opportunity Act (ECOA) Regulation B - [1 Hour]
  • Prequalification Programs and ECOA
  • Discrimination
  • Adverse Action
  • Notice of Action Taken and Statement of Reasons
Home Mortgage Disclosure Act (HMDA) = Regulation C - [30 Minutes]
  • Background and Summary
Federal Credit Reporting Act (FCRA) - [1 Hour]
  • FCRA Background and Summary
  • Obtaining Consumer Reports
  • Obtaining Information and Sharing Among Affiliates
  • Disclosures to Consumer and Miscellaneous Requirements
  • Duties of Users of Consumer Reports and Furnishers of Consumer Report Information
  • Consumer Alerts and Identity Theft Protections
Privacy Laws - [1.5 Hours]
  • Gramm-Leach Bliley Act (GLB)
  • The Fair and Accurate Credit Transaction Act (FACTA)
  • The Red Flags Rule
  • The USA Patriot Act
  • The Federal Trade Commission's (FTC's) Disposal Rule
Interagency Guidance on Nontraditional Mortgage Product Risks - [2 Hours]
  • Loan Terms and Underwriting Standards
  • Qualifying Borrowers
  • Statement on Subprime Mortgage Lending
  • Portfolio and Risk Management Practices
  • Management Information and Reporting
  • Consumer Protection Issues
  • Recommended Practices
  • Terminology & Review
Ethics, Fraud, Consumer Protection & Fair Lending Issues - [3 Hours]
  • Ethics
  • Ethics and Mortgage Lending
  • Ethics and Predatory Lending
  • Fraud
  • Types of Mortgage Fraud
  • Fraud Schemes
  • Liability for Fraud
  • Preventing Fraud
General Mortgage Knowledge - [6 Hours]
  • History, Introduction to the Mortgage Industry
  • Settlement Service Providers
  • Mortgage Industry Contracts and Instruments
  • Fannie Mae/Freddie Mac Uniform Mortgage Contract
  • Snapshot of the Mortgage Loan Process
  • Automated Processing
  • Loan Programs
  • Insurance
  • National Flood Insurance Act (NFIA)
  • Steps in Loan Processing
  • Understanding Credit
  • Credit Bureaus
  • Consumer Rights
  • Income Verification
  • Income Calculation Methodology
  • The Underwriting Process
  • FHA and VA Appraisal Guidelines
  • Evaluating the Borrower
  • Loan-to-Value Calculations
  • The Commitment
  • Lock In Agreement
  • Recording the Deed of Trust
  • Mortgage Calculations
Included Materials:
  • Online materials
  • Course Workbook
  • Chapter quizzes
  • Handouts
  • Sample example questions
  • Instructor access
  • Certificate of completion for successful completion of the course
Bonus Materials!

In addition to the training content listed above, you also receive an ungraded practice test, a graded practice test, and content covering the Uniform State Test (UST). These materials are provided online.

How To Access Your Course And The Bonus Materials

You will receive an email directly from MyMortgageTrainer with access instructions. Keep in mind that you are registering for a course that provides access for seven days (all courses start/become available on Tuesdays at 12pm EST and will close the following Tuesday at 12pm EST). Note: If you do not complete the course in the timeframe provided, you will need to contact the support team at 317-566-0425.

Submittal To NMLS - We Take Care Of It For You!

To save you time, money, and aggravation, MyMortgageTrainer will notify NMLS directly of your completed course. Please allow up to seven business days for the process to take place!

Course Format: Online, Instructor Led
Credit Hours: 20 PE Credits
NMLS Approval #2945
Training For Employment-Based Green Cards
Available Next Date: Live on 4/6/2021 from 11:00 AM till 12:00 PM
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