Once a year, every licensed and registered mortgage loan originator (MLO) in Texas must complete eight hours of renewal education. Our course covers important topics in four descriptive modules. 

The first module centers on the laws and rules that affect mortgage loans and all MLOs, with an emphasis on Texas regulations. You’ll review 10 common violations identified by the Multi-State Mortgage Committee as mandatory topics for the 2024 core continuing education classes. Brush up on the SAFE Act, the Equal Credit Opportunity Act (ECOA), and Regulation Z.

Module two describes ethics and consumer protection, with a focus on business and the responsibilities of financial professionals. This module stresses the importance of consumer protection, especially under the ECOA. Lastly, we discuss the importance of fair lending and ways to recognize mortgage fraud in the United States.

The third module compares the risks of non-traditional mortgage options to the 30-year fixed-rate mortgage loan. We'll review lending standards, reverse mortgages, adjustable-rate mortgages (ARMs), high-cost loans, and counseling requirements. Additionally, we’ll discuss government programs and owner financing loan options.

The final module discusses the functionality of mortgage loans, with a focus on Fannie Mae HomeStyle® and FHA 203(k) renovation loans.

Students will read a short case scenario and complete a related quiz at the end of each module. The course will conclude with a 25-question final exam.

  • 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.