In Indiana, compliance with continuing education requirements is essential for licensed and registered mortgage loan originators (MLOs). Our 8-hour course is divided into four modules, each addressing pivotal topics in the industry.

Module one examines nationwide laws and regulations impacting mortgage loans and originators. With a focus on Indiana-specific nuances, we review key legislation like the SAFE Act, Regulation Z, and the Equal Credit Opportunity Act (ECOA). Our curriculum highlights 10 common violations identified by the Multi-State Mortgage Committee, which are crucial for meeting 2024 core continuing education standards.

The second module describes best practices for consumer protection and ethics, starting with business ethics and the responsibilities of financial professionals in Indiana. We continue with consumer protection, focusing on the ECOA and touching on the importance of fair lending practices. You’ll also learn about mortgage fraud, specifically ways to spot and stop lending schemes. 

In module three, we explore non-traditional mortgage options tailored to Indiana’s real estate landscape and their associated risks compared to the 30-year fixed-rate mortgage loan. From adjustable-rate mortgages (ARMs), reverse mortgages, high-cost loans, counseling requirements, and information on lending standards, we provide you with important details. Additionally, we’ll discuss other loan options, such as government programs and owner financing.

The final module provides information on renovation mortgage loans, such as basic definitions and usage. We focus on Fannie Mae HomeStyle® and FHA 203(k) renovation loans.

Each module will end with an assessment and quiz section. Students will read a short case scenario and then answer questions related to the covered material. The course will conclude with a 25-question final exam.

  • Course ID(s): 16204
  • 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.