This course is designed to address your 2023 Late CE needs.

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

Here is an overview of each course module:

Module 1: Federal Mortgage Law (3 Hour)

The course starts by discussing 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. Also covered are topics like Integrated Mortgage Disclosures, Regulation Z, and how federal oversight affects mortgage lending.

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

Module two highlights mortgage industry ethics and consumer protections. Topics discussed include Identity Theft Rules (16 CFR 681), examples of mortgage fraud, and best practices for safeguarding client data. This module provides supplemental case studies and compliance recommendations for Regulation N. It also explains 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 reverse mortgages and adjustable-rate loans. It also discusses Federal Housing Administration updates, the Home Equity Conversion Mortgage program, adjustable-rate mortgage lending standards, 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 reviews 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 a five-question quiz and an interactive activity. 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): 15524
  • 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.