8 Hour Massachusetts SAFE Comprehensive MLO Continuing Education Course


8 Hour Course

Course ID: 7352

Approved By: NMLS

Add to Cart 8777246150

This 8 hour continuing education class covers all the renewal requirements for licensed mortgage loan originators in the state of Maryland and is a great choice for MLOs. It covers all the requirements specified by the Massachusetts Division of Banks, and the NMLS as well, with 7 hours of topics that cover all the federal content required. Then the class goes into the additional one hour of content specific to the state of Maryland as well.

At the opening of the class, we’ll look at the the history of mortgage lending in America, focusing on the history of the regulations themselves. We will then take you into the portion of the course pertaining to the creation of the SAFE Act as it followed the mortgage crisis of the early 2000s. Then, some class time will be spent exploring the federal oversight agencies that are responsible for the administration of the SAFE Act and for mortgage loan origination in America and Massachusetts overall. TILA-RESPA integrated mortgage disclosure and its effect on MLOs will be discussed as well.

Your coursework will continue with a closer look at ethics in general, and fair lending practices and protections for consumers as well. We will look at the concepts of ethics and fair lending on a broader 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 what MLOs can do to help themselves avoid these pitfalls. 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, we will spend a one hour block of time on the mortgage laws and practices of loan origination in the state of Massachusetts specifically. This will include a discussion of the acts that are prohibited by the state, and information relating to specific sections of Massachusetts code.

As you go through the class, you will stay engaged with our case studies and in-text quizzes that we’ll use to spot-check your knowledge. These tools will also help prepare you for the final exam 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 Massachusetts Laws, Regulations, and Standards for Mortgage Loan Originators
      • 02. Regulatory Structure for MLOs
      • 03. Massachusetts Statutes: Licensing
      • 04. Massachusetts Statutes: Practice
      • 05. Massachusetts General Laws, Title IV Chapter 255F
      • 06. Massachusetts General Laws, Title IV Chapter 255F, continued
      • 07. Conclusion
    • Case Study #4 (1 questions)
    • Quiz #4 (5 questions)
  • Final Exam
    • Final Exam (25 questions)
  • Course Completion
    • Mandatory Questionnaire
    • Certificate of Completion
    • Course Feedback Survey

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.