8 Hr SAFE Comprehensive NMLS Approved Course Number 21461 Hr WA State Law CE NMLS Approved Course Number 2089
Course Description:
4 Hours Federal Law
2 Hours Ethics, Consumer Protection, Fraud, Fair Housing
2 Hours Non-Traditional Lending
1 Hour WA State Law
4 Hours Federal Law
2 Hours Ethics, Consumer Protection, Fraud, Fair Housing
2 Hours Non-Traditional Lending
1 Hour WA State Law
In this course we will review the Federal Reserve Board’s rules on loan originator compensation prohibitions and the Dodd-Frank Reform Act including the new Consumer Financial Protection Bureau, LO compensation limits coming under Dodd-Frank, and definitions of non-standard loans, high risk loans, and qualified residential mortgages (QRMs). In addition we will:
Learn why overages and yield spread premiums have been deemed unfair
Become aware of how unethical business practices can result in legal consequences
Understand the new “duty of care” required by loan originators
Learn about the most recent HUD Fair Housing proposed protected class
Schedule of upcoming classes
End of Course Evaluations from previous years:
“As always…awesome! You make it fun and interesting and I always learn something new.”
“I liked the class participation, open discussion and quizzes. This kept us engaged and time flew.”
“The best part about this class is that it went by really fast and we got all our CE hours done in one day!”
“Jillayne is informative and keeps the class moving. Simply an exceptional instructor.”
“Great class. I honestly dreaded coming today thinking class was going to drag on but time flew by, we actually had fun learning all the regulations and getting this over and done with in one day feels great.”
“Excellent class. Good case studies, good dialogue among students.”
“This is the most comprehensive class out there for mortgage lending. Not only is the instructor informative and up to date but she also teaches in a fun and motivating way. Thank you for being an LO advocate.”
“I have always enjoyed your classes and this one was outstanding.”
“I am very happy that I now understand the new RESPA and TILA rules. Ethics is always a pleasure and court cases seemed unjust toward the loan originator at first but now I understand why the LO/Broker was sued.”
“Enjoyed learning more about non-traditional lending. As a broker that generally handles only conventional loans, this information was very informative.”
“Ms. Jillayne helps me to understand and remember TILA and RESPA. She is always energetic and there are no dull moments. I always return for her classes.”