Mortgage loan originators are required to complete eight hours of annual renewal education. Our course consists of four modules, each tailored to a key aspect of the industry.

Module one dives into the laws and regulations governing mortgage loans and originators nationwide, focusing on Colorado-specific nuances. We examine critical legislation such as the SAFE Act, Regulation Z, and the Equal Credit Opportunity Act (ECOA), highlighting 10 common violations identified by the Multi-State Mortgage Committee.

In module two, ethics and consumer protection take center stage. We begin with an exploration of business ethics and the unique responsibilities of financial professionals in Colorado. From there, we delve into consumer protection laws, particularly under the ECOA, emphasizing the importance of fair lending practices. We also address prevalent mortgage fraud schemes within the state and strategies to mitigate risks.

The third module explores non-traditional mortgage options, their risks, and alternatives specific to Colorado's real estate landscape. We cover adjustable-rate mortgages (ARMs), reverse mortgages, high-cost loans, counseling requirements, and lending standards. You’ll also learn about government programs and owner financing options relevant to Colorado borrowers.

Lastly, in module four, we provide insights into renovation mortgage loans, including Fannie Mae HomeStyle® and FHA 203(k) renovation loans, offering guidance on their utilization in Colorado's evolving housing market.

Each module concludes with an assessment and quiz section, allowing participants to reinforce their understanding of the material. The course ends with a 25-question final exam, ensuring mastery of essential concepts for mortgage professionals operating in Colorado.

  • Course ID(s): 16204
  • Approved By: NMLS

Instructor Bio

sheri wytcherley real estate atyourpaceonline

Sheri Wytcherley is the instructor for many of our real estate courses. She is a chart-topping principal broker and a passionate teacher with more than five years of experience as a real estate educator. See more details about Sheri’s background here.