This 1 hour course on Qualified Employees, mortgage loan originators, and others in Nevada can satisfy their state-specific elective requirement towards the 8 hours of annual continuing education needed for license renewal with this course. Topics of interest include important information for Qualified Employees, and MLOs, residential loan, and mortgage material, Nevada regulations, examinations, audits, financial records, and statements, trusts, escrow and impound accounts, deeds of trust, laws on child support, Nevada Covered Service Providers, and complaints, investigations, and violation issues.
We'll begin with a look at the Nevada division of Mortgage Lending, and continue into important definitions for Nevada mortgage personnel. Next, we explore regulations that affect industry professionals, such as reporting requirements, fiduciary mandates, examination and audit laws and codes, statutes that regulate the reporting and maintenance of records, and financial transactions. The module continues with detailed information on trust and impound accounts and how mismanagement may derail the professional, and ends with a look at trust deeds and their processes.
In the second module, the course considers advertising and related disclosures, as well as as laws regarding investors. The section continues, and looks at how noncompliance with child support obligations can impede a licensee's authority. Nevada Covered Service Providers are discussed. Next is an in-depth discussion on complaints, and associated investigations. The module concludes with details on violations, how they may affect a professional's ability to remain in the industry if not addressed.
To promote comprehension, students will complete a 5-question quiz and short activity after each module. A 15-question final exam will wrap up the course.
Show Course ID: 1
- Course ID(s): 12114
- Approved By: NMLS
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.