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

Ohio mortgage loan originators must complete eight hours of renewal education every year. This course includes four modules that focus on the following:

  • 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 reviews the SAFE Act, Regulation Z, ECOA, and the TRID Integrated Mortgage Disclosures. Module two starts with ethical considerations and consumer protections, including business ethics and the duties that apply to financial services. Then, we discuss consumer protection and fair lending practices under the Equal Credit Opportunity Act (ECOA). After that, we address the current state of mortgage fraud in the United States and examine how to identify and deter it.

Module three focuses on the increased risks that accompany most non-traditional mortgage loan products. We examine adjustable-rate mortgages (ARMs), reverse mortgages, high-cost and higher-priced mortgage loans, counseling requirements, and information on lending standards. Lastly, we talk about government programs, such as FHA, VA, and USDA loans.

Module four provides information on renovation mortgage loans, including what they are and when to use them, with a focus on Fannie Mae HomeStyle® and FHA 203(k) 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, an originating branch manager at Synergy One Lending in Grants Pass, Oregon, believes that buying a home is one of life’s true milestones. For more than 35 years, she has been teaching lending education classes and helping homebuyers achieve their dreams. Mary combines her love of knowledge with her passion for people in her roles as a loan originator and educator. From first-time mortgages to complex construction financing, she is happy to share her expertise with clients and industry professionals alike.