Licensed and registered mortgage loan originators in Ohio must take eight hours of annual renewal education that covers specific core topics and an elective. This NMLS-approved course fulfills Ohio’s continuing education requirement.
Here is an overview of what is covered in each course module:
Module 1: Federal Mortgage Law (3 Hour)
Module one discusses federal laws and rules related to mortgage loans and mortgage loan originators. Major topics include the Equal Credit Opportunity Act, the Fair Credit Reporting Act, legislation related to electronic records and signatures, and more. Students will also review Integrated Mortgage Disclosures, Regulation Z, and how federal oversight affects mortgage lending.
Module 2: Ethics, Fraud, Consumer Protection, and Fair Lending (2 Hour)
Module two focuses on mortgage industry ethics and consumer protections. Topics include mortgage fraud examples, Identity Theft Rules (16 CFR 681), and how to safeguard client data. This module provides multiple case studies and compliance recommendations for Regulation N. Fair Lending, consumer protection, and balancing commercial aspirations with ethical business practices.
Module 3: Non-Traditional Mortgage Lending (2 Hour)
Module three examines non-traditional adjustable-rate and reverse mortgage options. Also included is a review of the Home Equity Conversion Mortgage program, adjustable-rate mortgage lending standards, and Federal Housing Administration updates. Other financing options discussed include affordable housing programs, VA loans, and down payment assistance programs.
Module 4: The Mortgage Market and the Federal Reserve System (1 Hour Elective)
This elective module talks about the U.S. mortgage market and Federal Reserve System. Topics covered include primary sources of home financing, conventional and unconventional loan types, financial markets, and recent industry developments.
Every course module ends with an interactive activity and a five-question quiz. The activity is a hypothetical scenario based on module content and includes five review questions. To complete the course, students must pass the 25-question final exam with a minimum score of 70%.
Show Course ID: 1
- Course ID(s): 15120
- 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.