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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.

  • Course ID(s): 12074 & 12051
  • Approved By: NMLS

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.