8 Hour SAFE Core and Missouri Law MLO Package
-
8 Hour Course
- $70.00
This 8 hour package for mortgage loan originators in Missouri is designed to provide all of the mandatory education needed to renew your MLO license.This course is broken down into 5 modules. Each module contains:
- A section of training
- An activity in which students will read a short scenario and then answer questions about the scenario
- A quiz that consists of a five questions
The first module of the course is about sweeping laws and rules that apply to mortgage loans and mortgage loan originators across the country. A review of the SAFE Act, NMLS registration, an overview of state licensing standards, Regulation Z, and Integrated Mortgage Disclosures will make the bulk of the module.
The second module deals with ethical considerations and consumer protection. An MLO's ethical responsibilities and the ATR/QM rule are demonstrated. Then, fraud, both from within and outside of the mortgage industry makes up the second half of the module. Fair lending practices and balancing one's business aspirations with the health of the market are emphasized.
The third module examines non-traditional mortgage loan products like adjustable rate mortgages and reverse mortgages. The HECM program is featured, along with its changes, its current state, plans for adjustment, and how the world of non-traditional mortgage lending might be evolving.
A final exam will ask 25 questions randomly drawn from the general education portion of the package.
The 1 hour Missouri continuing education course covers all of the requirements you need for continued licensure for MLOs by the Secure and Fair Enforcement for Mortgage Licensing Act of 2008. The course is made up of two modules of continuing education requirements, which will completely satisfy any continuing education requirements you may have.
In Module 1, the student will go through about a half hour of information, in topics such as:
- SAFE Act Definitions
- SAFE Act Advertising, Reporting, and Disclosures
- SAFE Act Violations
In Module 2, the student will go through another half hour of information, including topics like:
- Missouri Reverse Lending Statutes
- Missouri Second Mortgage Statutes
- Rates and Terms
- Authorized Charges
- Mortgage Lending News
During the course, there will be in-text questions to help the student gauge their knowledge while moving through the class, quizzes after each module, and activities in the form of case studies after a module, to test their gathered knowledge as they go.
There is also a final exam of 15 questions at the end of the class.
Show Course ID: 1
- Course ID(s): 12074 & 12051
- Approved By: NMLS
Instructor Bio
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.