Every licensed and registered Tennessee mortgage loan originator (MLO) must complete eight hours of standard renewal education per year. Our course contains four modules that review important MLO topics. 

The first module covers the laws and rules that affect mortgage loans and all MLOs. Read about the SAFE Act, Regulation Z, and the Equal Credit Opportunity Act (ECOA), with an emphasis on addressing 10 common violations identified by the Multi-State Mortgage Committee as mandatory topics for the 2024 core continuing education classes.

The second module refreshes your memory on ethics and consumer protection. We lead with business ethics and the responsibilities of financial professionals. Then, we review consumer protection, especially under the ECOA, and touch on the importance of fair lending practices. Lastly, we discuss mortgage fraud, along with ways to spot and stop lending schemes and other forms of mortgage fraud.

In the third module, we examine the risks of non-traditional mortgage options compared to the standard 30-year fixed-rate mortgage loan. We'll assess adjustable-rate mortgages (ARMs), lending standards, high-cost loans, reverse mortgages, and counseling requirements. You’ll also learn about other loan options, such as government programs and owner financing, providing you with a well-rounded understanding. 

Finally, the fourth module reviews the definition and use of renovation mortgage loans, with a focus on Fannie Mae HomeStyle® and FHA 203(k) renovation loans.

Every module contains an assessment and a quiz that requires you to read a case scenario and answer questions. Complete the 25-question final exam to finish the course. 

  • Course ID(s): 16204
  • 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.