This course is designed to address your 2022 Late CE needs.

Mortgage loan originators in Alabama must finish eight hours of renewal education every year. This online series includes four modules that cover the following:

  • Module 1: Federal Mortgage Laws
  • Module 2: Ethics, Fraud, Consumer Protection, and Fair Lending
  • Module 3: Non-Traditional Mortgage Lending
  • Module 4: Renovation Mortgage Loans

Module one covers federal laws including the SAFE Act, Regulation Z, ECOA, and the TRID Integrated Mortgage Disclosures.

Module two begins with ethical considerations of businesses and financial services duties. Then we discuss consumer protections and fair lending practices under the Equal Credit Opportunity Act (ECOA). We also explain how to identify and stop mortgage fraud in the United States.

Module three discusses non-traditional mortgage loan products and the potential risks that come with using them. We examine adjustable-rate mortgages (ARMs), reverse mortgages, high-cost and higher-priced mortgage loans, counseling requirements, and information on lending standards. Finally, we discuss FHA, VA, and USDA government loans.

Module four covers renovation mortgage loans, specifically Fannie Mae HomeStyle® and FHA 203(k) loans.

All four modules include a five-question quiz and interactive activity. At the end of the course, there's a 25-question final exam.

  • Course ID(s): 14493
  • Approved By: NMLS

Instructor Bio

Mary Tillery real estate atyourpaceonline instructor

Mary Tillery is the instructor for all of our MLO continuing education courses. She has been sharing her expertise with fellow mortgage loan originators for more than 35 years as a lending educator. Learn more about Mary’s background here.