AYPORealEstate.com

Mortgage loan originators in Tennessee must complete eight hours of renewal education every year. This series includes four modules that cover:

  • 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

Federal laws discussed in module one include the SAFE Act, Regulation Z, ECOA, and the TRID Integrated Mortgage Disclosures.

Module two starts with ethical considerations of businesses and the duties that apply to financial services. Then, we discuss consumer protections and fair lending practices under the Equal Credit Opportunity Act (ECOA). We also explain how to identify and deter mortgage fraud in the United States.

Module three focuses on the risks associated with 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. Finally, we talk about FHA, VA, and USDA government loans.

Module four explains renovation mortgage loans, 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): 14262
  • Approved By: NMLS

Instructor Bio

Mary Tillery real estate atyourpaceonline instructor

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.