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

Mortgage loan originators in Arizona must complete seven hours of annual renewal education. This series has three modules that include recent industry updates and common violations identified by regulators.

Module one covers various laws and rules that apply to mortgage loans and mortgage loan originators across the country. The bulk of this module reviews the SAFE Act, Regulation Z, and the Integrated Mortgage Disclosures.

The second module deals with business ethics and duties that apply to financial services professionals. Then, the promotion of fair lending practices related to consumer protection and requirements under the Equal Credit Opportunity Act (ECOA) takes center stage. After that, we explain how to identify and deter predatory lending schemes and other types of mortgage fraud.

The third module looks at non-traditional mortgage loan products and the increased risks and scrutiny that accompany most 30-year fixed rate mortgage alternatives. We examine adjustable-rate mortgages (ARMs), reverse mortgages, counseling requirements, high-cost and higher-priced mortgage loans, and information on lending standards. Then we review other types of loans and financing options, including government programs and owner financing.

Each module ends with an assessment and quiz portion. The quizzes begin with an activity where students read a short scenario and then answer questions based on key topics covered in that section of the course. A 25-question final exam concludes the seven-hour course.

  • Course ID(s): 14494
  • Approved By: NMLS

Instructor Bio

Mary Tillery real estate atyourpaceonline instructor

Mary Tillery, an originating branch manager at Synergy One Lending in Grants Pass, Oregon, believes that buying a home is one of life’s true milestones. For more than 35 years, she has been teaching lending education classes and helping homebuyers achieve their dreams. Mary combines her love of knowledge with her passion for people in her roles as a loan originator and educator. From first-time mortgages to complex construction financing, she is happy to share her expertise with clients and industry professionals alike.