Oregon mortgage loan originators must complete eight hours of renewal education every year. This online series has four modules that cover 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 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 loans, specifically 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.
Show Course ID: 1
- Course ID(s): 14262
- Approved By: NMLS
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.