This course is designed to address your 2022 Late CE needs.

Mortgage loan originators in New York must complete eight hours of renewal education every year. This online series has four modules that cover:

  • Module 1: Federal Mortgage Laws
  • Module 2: Ethics, Fraud, Consumer Protection, and Fair Lending
  • Module 3: Non-Traditional Mortgage Lending
  • Module 4: Renovation Mortgage Loans

Module one discusses federal laws, including the SAFE Act, Regulation Z, ECOA, and the TRID Integrated Mortgage Disclosures.

Module two starts with ethical considerations of businesses and financial services duties. Then we cover fair lending practices and consumer protections under the Equal Credit Opportunity Act (ECOA). We also explain how to identify and stop mortgage fraud in the United States.

Module three discusses non-traditional mortgage loan products and their potential risks. We examine reverse mortgages, adjustable-rate mortgages (ARMs), high-cost and higher-priced mortgage loans, information on lending standards, and counseling requirements. Lastly, we discuss FHA, VA, and USDA government loans.

Module four covers Fannie Mae HomeStyle® and FHA 203(k) renovation mortgage loans.

All four modules include a five-question quiz and interactive activity. At the end of the course, there's a 25-question final exam.

  • Course ID(s): 14493
  • Approved By: NMLS

Instructor Bio

Mary Tillery real estate atyourpaceonline instructor

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.