Licensed and registered mortgage loan originators in Oklahoma must take annual renewal education that includes eight hours of specific core topics and an elective. This NMLS-approved course fulfills Oklahoma’s continuing education requirement. 

Here is an overview of what is covered in every course module:

Module 1: Federal Mortgage Law (3 Hour)

Module one discusses federal laws and rules related to mortgage loan originators and mortgage loans. Major focus areas include the Equal Credit Opportunity Act, the Fair Credit Reporting Act, legislation related to electronic records and signatures, and more. The module also reviews Integrated Mortgage Disclosures, Regulation Z, and how federal oversight affects mortgage lending.

Module 2: Ethics, Fraud, Consumer Protection, and Fair Lending (2 Hour) 

In module two, mortgage industry ethics and consumer protections are highlighted. Topics include examples of mortgage fraud, Identity Theft Rules (16 CFR 681), and how to safeguard client data. This module provides multiple case studies and compliance recommendations for Regulation N. Other emphasized topics include fair lending, balancing commercial aspirations with ethical business practices, and consumer protection.

Module 3: Non-Traditional Mortgage Lending (2 Hour)

Module three examines non-traditional mortgages, including adjustable-rate and reverse mortgage loans. The Home Equity Conversion Mortgage program, adjustable-rate mortgage lending standards, and Federal Housing Administration updates are also discussed. Other financing options explored in this module 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 provides an overview of the U.S. mortgage market and Federal Reserve System. Topics covered include recent industry developments, the primary sources of home financing, conventional and unconventional loan types, and financial markets.

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 a 25-question final exam with a minimum score of 70%.

  • Course ID(s): 15106
  • 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.