11 Hour SAFE Core and New York Law 2019 MLO Package

$70.00

11 Hour Course

Course ID: 10751, 10810

Approved By: NMLS


Add to Cart (877) 724-6150

The 11 hours of content in this course will fulfill all of the education needed to renew your New York license.

This course is broken down into 6 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
  • An assessment that consists of a five question quiz

The first module of the course focuses on federal laws and rules that apply to mortgage loans and mortgage loan originators. The federal regulations addressed in this portion of the course include the SAFE Act and the TILA-RESPA rule.

The second module of the course will cover ethics and consumer protection. Aside from ethics and ethical duties, this portion of the course will also talk about fraud in mortgage lending and fair lending practices.

The third module of the course will discuss non-traditional mortgage loan products like adjustable rate mortgages and reverse mortgages. Not only will this segment examine these types of mortgages, it will also look at some of the regulations governing them.

The final national module explains reverse mortgages, and provides the mortgage loan originator with a solid foundation of knowledge on the subject. Topics covered are what reverse mortgages are, the proceeds that come from them, the regulations that govern them, and the scams to watch out for.

The national portion of the course will end with a 25 question final exam designed to test students on concepts from across the course.

The first state-specific module will start with a look at the SAFE Act and its influence on the regulations of New York. The module will then examine responsibilities of MLOs in New York with special focus on licensing requirements, surety bonds, and restrictions. Topics such as the proper handling of consumer credit information, useful definitions, duties prescribed to the MLO and originating entity they work for independently, and disclosure are also covered here.

The second state module goes in depth on the Home Equity Theft Protection Act as it relates to mortgage loan origination and equity purchasing. Further responsibilities of mortgage loan professionals are identified, specifically about Real Property Law, required notice to borrowers, and “zombie” property upkeep. Then, a real world example is provided with analysis and what students should take away from the discussion. A summary on good practices for MLOs finishes the informative portion of the class.

The course ends with another 25 question quiz on the New York-specific portion of the class. 

  • Module 1 - National
    • BioSig Authentication - Beginning
    • Federal Law Update [12 Activities]
      • 01. Introduction to 3-Hour SAFE Federal Mortgage Law Class
      • 02. Outline of 3-Hour SAFE Federal Mortgage Law Class
      • 03. A Brief History of Mortgage Regulation
      • 04. S.A.F.E. Act
      • 05. Federal Agencies that Administer the SAFE Act
      • 06. Federal Agencies that Administer the SAFE Act, Part 2
      • 07. Federal Agencies that Administer the SAFE Act, Part 3
      • 08. Integrated Mortgage Disclosures
      • View Additional Activities
        • 09. TILA-RESPA Integrated Mortgage Disclosure (TRID)
        • 10. TILA-RESPA Integrated Mortgage Disclosure (TRID), Part 2
        • 11. Privacy of Consumer Financial Information
        • 12. End of the Class on Federal Mortgage Laws
    • Activity: Federal Law Update (1 questions)
    • Quiz: Federal Law Update (5 questions)
  • Module 2 - National
    • BioSig Authentication - Middle #1
    • Ethics, Consumer Protection, and Fraud [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
    • Activity: Ethics, Consumer Protection, and Fraud (1 questions)
    • Quiz: Ethics, Consumer Protection, and Fraud (5 questions)
  • Module 3 - National
    • BioSig Authentication - Middle #2
    • Nontraditional Mortgages [6 Activities]
      • 01. Introduction to 2-Hour SAFE Lending Standards for Nontraditional Mortgage Products Class
      • 02. Nontraditional Mortgage Loans
      • 03. Lending Standards for Adjustable Rate Mortgages
      • 04. Subprime and High-Cost Loans
      • 05. Reverse Mortgages
      • 06. End of 2-Hour SAFE Lending Standards for Nontraditional Mortgage Products Class
    • Activity: Nontraditional Mortgages (1 questions)
    • Quiz: Nontraditional Mortgages (5 questions)
  • Module 4 - National
    • Reverse Mortgages [6 Activities]
      • 01. Introduction
      • 02. What is a Reverse Mortgage?
      • 03. Reverse Mortgage Proceeds
      • 04. Regulations Governing Reverse Mortgages
      • 05. Reverse Mortgage Scams
      • 06. Conclusion
    • Activity: Reverse Mortgages (1 questions)
    • Quiz: Reverse Mortgages (5 questions)
  • Final Exam - National
    • Final Exam (25 questions)
    • BioSig Authentication - End
  • Module 1 - New York
    • BioSig Authentication - Beginning
    • General Regulation Standards for MLOs in New York [5 Activities]
      • 01. Introduction to 3-Hour New York SAFE Laws & Regulations for Mortgage Loan Originators
      • 02. Licenses and Exemptions for Mortgage Loan Originators
      • 03. Keeping and Renewing MLO Licensure
      • 04. Duties of the Originating Entity and the MLO
      • 05. Handling Consumer Credit Information
    • Activity: General Regulation Standards for MLOs in New York (1 questions)
    • Quiz: General Regulation Standards for MLOs in New York (5 questions)
  • Module 2 - New York
    • BioSig Authentication - Middle
    • Home Equity Theft Protection Act Standards [4 Activities]
      • 01. Home Equity Theft Prevention
      • 02. HETPA: Rights of Rescission and Errors by Equity Purchasers
      • 03. A Real World Example: PHH Mortgage
      • 04. Takeaways for the MLO
    • Activity: Home Equity Theft Protection Act Standards (1 questions)
    • Quiz: Home Equity Theft Protection Act Standards (5 questions)
  • Course Completion
    • Final Quiz (25 questions)
    • BioSig Authentication - End
    • Mandatory Questionnaire
    • Certificate of Completion - National
    • Certificate of Completion - New York
    • MLO CE Feedback

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.