Continuing Education for MLO (Classroom) - $139
8 Hour SAFE Comprehensive: Key Topics for MLOs - #2376
The 8 Hour SAFE Comprehensive: Key Topics for MLOs™ continuing education course covers the following continuing education topics as required by the SAFE Act: Federal lending legislation: RESPA Rules, Regulations, and Disclosure (3 hrs); Ethics: Mortgage Fraud (2 hrs); and Nontraditional mortgage products: The Reverse Mortgage (2 hrs). Also included is 1 hour of elective topics on Income Analysis for the Self-employed Borrower.
Online Course
The online courses are approved by the NMLS to fulfill the SAFE Act Continuing Education requirements. The online courses are flexible, convenient and easy to take with no hidden fees. Unlike other providers, your $1.50 per credit hour banking fee is included in the cost of the course!
Mortgage loan originators have to take 8 hours of continuing education by December 31 of each year. On a yearly basis, the SAFE Act calls for state-licensed MLOs to complete:
- 3 hours of Federal law and code,
- 2 hours of ethics including training on fraud, fair lending, and consumer protection issues,
- 2 hours of training dealing with lending standards for the nontraditional mortgage products market, and
- 1 hour of instruction in an undefined topic (may be state specific depending on your state).
