NAMF’s LO CE course for 2012 has received approval from the NMLS.
8 Hr SAFE Comprehensive NMLS Approved Course Number C-2904
3 Hours Federal Law
2 Hours Ethics, Consumer Protection, Fraud, Fair Housing
2 Hours Non-Traditional Lending
1 Hour Undefined: CFPB Proposed Rules on LO Compensation
also included at no extra cost:
1 Hour WA State Law
For 2012 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 a schedule of upcoming classes visit this page.
If you’d like to arrange for small or large group CE classes at your office or in your city, call Jillayne at 206-931-2241 or email: Jillayne at gmail.com