Mortgage Continuing Education Topics

NAMF is an NMLS Approved Course Provider
Provider ID: 1400068
8 Hr SAFE Comprehensive NMLS Approved Course Number PENDING
1 Hr WA State Law CE NMLS Approved Course Number PENDING

Course Approval for calendar year 2012 forthcoming!

Course Description:
3 Hours Federal Law
2 Hours Ethics, Consumer Protection, Fraud, Fair Housing
2 Hours Non-Traditional Lending
1 Hour Undefined: CFPB Proposed Rule on LO Comp

1 Hour WA State Law

This year we will cover the following topics:
CFPB whistleblower hotline, unfair-deceptive-abusive acts, QRMs, proposed new Good Faith Estimate/TILA disclosure, risks in originating non-traditional loans, CFPB criteria for advertising and counseling borrowers who select non-traditional loans such as ARMs. During the Ethics section we will learn how LOs are at legal risk of violating consumer protection laws by when providing an inferior standard of care, we will tackle the dilemma of purchasing leads from companies that advertise unethically, we will also learn about recent Fair Housing case studies, mortgage fraud trends and the new SARS reporting requirements for non-bank lenders.

But wait! There’s more! We will ALSO cover the new proposed new CFPB rules on loan originator compensation methods including:

Proposed rules on creditor paid compensation v. broker paid
Compensation in relation to steering
Pricing concession loopholes
Three proposed permissible point bank rules
Compensation based on proxy
Higher standards for depository bank LOs to become “qualified” under Dodd-Frank.

For prelicensing classes, visit our prelicensing page.