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

Here is an overview of each course module:

Module 1: Federal Mortgage Law (3 Hour)

The course begins with a discussion on federal laws and rules related to mortgage loan originators and mortgage loans. Module focus areas include the Fair Credit Reporting Act, the Equal Credit Opportunity Act, legislation related to electronic records and signatures, and more. Also included in this module 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), mortgage fraud examples, and best practices for safeguarding client data. This module also provides case studies and compliance recommendations for Regulation N. Students will also learn about 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, and adjustable-rate mortgage lending standards. The module ends by highlighting 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 Federal Reserve System and U.S. mortgage market. Topics covered include the primary sources of home financing, recent industry developments, 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 with five scenario-related review questions. To complete the course, students must pass a 25-question final exam with a minimum score of 70%.

  • Course ID(s): 15106
  • Approved By: NMLS

Instructor Bio

Mary Tillery real estate atyourpaceonline instructor

Mary Tillery, an originating branch manager at Synergy One Lending in Grants Pass, Oregon, believes that buying a home is one of life’s true milestones. For more than 35 years, she has been teaching lending education classes and helping homebuyers achieve their dreams. Mary combines her love of knowledge with her passion for people in her roles as a loan originator and educator. From first-time mortgages to complex construction financing, she is happy to share her expertise with clients and industry professionals alike.