8 Hour California SAFE Comprehensive MLO Continuing Education Course


8 Hour Course

Course ID: 7383

Approved By: NMLS

Currently Unavailable (877) 724-6150

Mortgage loan originators in the state of California will benefit from this 8 hour continuing education class tremendously. It covers all the renewal requirements for all three of the organizations that MLOs are licensed through, the State Department of Business Oversight, the California Bureau of Real Estate, and the NMLS. It does this with 8 hours of topics that cover all of the mandated subjects, as well as providing additional content.

We begin with a short history of mortgage lending in America up to and through the real estate crisis of the 2000s. After that the course moves into the a discussion of the organizations responsible for oversight of the mortgage industry and some of the tools they use to protect borrowers in America, including the federal SAFE Act, which we then examine in detail. This is followed by a segment on TILA-RESPA Integrated Mortgage Disclosures.

The second portion of the class looks more closely at the critical need for ethics and professionalism in the mortgage lending industry in America in general, and California specifically. Then we examine the different types of mortgage fraud and the trouble they can cause, both for consumers and mortgage loan originators as well. Then we’ll examine how consumer protections have been put in place with fair lending practices to insure a fair and open environment for the consumer.

Also we will have a module with an in-depth examination of lending standards for nontraditional mortgage loans that include adjustable rate mortgages, subprime and high-cost loans, and reverse mortgages as well.

Finally, we will examine the California state regulations that deal with the concept of agency and the requirements for adherence to those rules by California mortgage loan originators.

We’ll keep you involved with the course by using tools like real life case studies and in-text quizzes, which you’ll also be able to use to spot-check your knowledge and gain a bit of knowledge from real examples. The in-text exercises also help prepare you for the final exam that comes at the conclusion of the class.

  • Module 1
    • Federal Mortgage Law [7 Activities]
      • 01. A Brief History of Mortgage Regulation
      • 02. S.A.F.E. Act
      • 03. Federal Agencies that Administer the SAFE Act
      • 04. Federal Agencies that Administer the SAFE Act, Part 2
      • 05. Federal Agencies that Administer the SAFE Act, Part 3
      • 06. TILA-RESPA Integrated Mortgage Disclosure (TRID)
      • 07. TILA-RESPA Integrated Mortgage Disclosure (TRID), Part 2
    • Case Study #1 (6 questions)
    • Quiz #1 (8 questions)
  • Module 2
    • Ethics, Fraud, Consumer Protection, & Fair Lending [6 Activities]
      • 01. Introduction to 2-Hour SAFE Ethics, Fraud, Consumer Protection, and Fair Lending Class
      • 02. Ethics in Mortgage Lending
      • 03. Ethical Duties
      • 04. Fraud, Part 1
      • 05. Fraud, Part 2
      • 06. Consumer Protection and Fair Lending Practices
    • Case Study #2 (7 questions)
    • Quiz #2 (5 questions)
  • Module 3
    • Lending Standards for Nontraditional Mortgage Products [4 Activities]
      • 01. Nontraditional Mortgage Loans
      • 02. Lending Standards for Adjustable Rate Mortgages
      • 03. Subprime and High-Cost Loan
      • 04. Reverse Mortgages
    • Case Study #3 (6 questions)
    • Quiz #3 (5 questions)
  • Module 4
    • State Specific Module [7 Activities]
      • 01. Introduction to 1-Hour CA Agency Law for Mortgage Loan Originators
      • 02. Definitions for the MLO
      • 03. The Recent Evolution of Requirements for MLOs
      • 04. Fiduciary, Mortgage Brokers, and Mortgage Loan Originators
      • 05. Agency and the Authority of Agents
      • 06. Agency; Obligations, Delegations, and Terminations
      • 07. End of Class
    • Case Study #4 (1 questions)
    • Quiz #4 (5 questions)
  • Final Exam
    • Final Exam (25 questions)
    • Mandatory Questionnaire
    • MLO CE Feedback
    • Certificate of Completion

Instructor Bio

Mary Tillery real estate atyourpaceonline instructor
Mary Tillery, loan originator and Sales Manager at Guild Mortgage, in Grants Pass Oregon, has been actively involved in home lending since 1986. She has originated everything from first time homebuyers, to complex construction financing and reverse mortgages, besides all forms of more traditional lending. Mary combines her depth of knowledge with a sincere desire to know, love and serve her clients. She has been teaching home buying classes for 20+ years and loves to share her knowledge with not just her clients, but with people in the industry who are interested in growing.