8 Hour Course
Course ID: 7353
Approved By: NMLS
This 8 hour class for Connecticut state licensed mortgage loan originators is a great choice for your license renewal. It covers all the requirements for the Connecticut Department of Banking and for the NMLS as well, with 7 hours of topics that include all the federal content required and then the one hour of content that is specific to the state of Connecticut also.
Mortgage lending and its history in America will be explored in the first segment, focusing on the history of the regulations themselves. Then we’ll examine the portion of the course pertaining to the creation of the SAFE Act following the mortgage crisis of the early 2000s. Part of our class time will also be spent exploring the federal agencies responsible for administering and overseeing the SAFE Act and provide further oversight for mortgage loan origination in America and the state of Connecticut. We will then provide an examination of TILA-RESPA integrated mortgage disclosure and its effect on MLOs.
Your coursework will then continue with a deeper look into ethics, fair lending practices and consumer protections as well. We will look at the concepts of ethics and fair lending on a broad level as they apply to mortgage loan originators in the field. During this segment we also cover the basics of what can constitute mortgage fraud and how MLOs can help themselves avoid some of these pitfalls. A portion of the course also provides 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, in accordance with Connecticut law, we will spend time on the mortgage laws and practices of loan origination in the state of Connecticut specifically. This will include discussion of acts that are prohibited by the state, and information relating to abusive home lending practices as well.
Our course will keep you engaged with case studies and in-text quizzes so you’ll be able to spot-check your knowledge, and that will also help prepare you for the final exam that comes at the conclusion of the class.