This course is designed to address your 2022 Late CE needs.

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): 14493
  • 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.