AYPORealEstate.com

This course on Utah-specific education fulfills 5 hours of Post-License education for licensed MLOs in the state. A total of 15 hours must be completed during the first renewal period. This includes:

  • 3 hours of federal law
  • 2 hours of non-traditional mortgage lending
  • 2 hours of ethics (including fraud, consumer protection, and fair lending issues)
  • 2 hours of Utah-specific education
  • 5 Hours of Utah-Specific Post-License Education

This is a stand-alone course which only fulfills the 5 hours of Post-License eduaction. It can be taken either on its own or in connection to other courses offered to fulfill your CE requirements.

This course is broken down into 2 modules. Each module contains:

  • A section of training
  • An activity in which students will read a short scenario and then answer questions about the scenario
  • An assessment that consists of a five question quiz

First in the line-up will be unique laws and procedures for Utah based MLOs. This section is approximately two and a half hours long, and will take the student/licensee through the necessarily information one slide at a time. Non-disclosure requirements and the differentiation of Utah as a non-community ownership state will be discussed. Then, rules about property tax collection in Utah and relevant information is divided out into multiple smaller sections. What may be most interesting to students/licensees is the next few headers on mortgage products available through various government organizations and how they help consumers. Next comes the importance of understanding proper advertising and marketing standards. And last is a brief overview of the regulatory powers, duties, and authority of the DRE over MLOs.

In the second module is core definitions and recent rules changes MLOs should review, if not be newly made aware of. The bulk of the second half of this course is on licensing laws and regulations, exemptions to licensure, and how to maintain one's good standing as a licensee. However, there are a few unique topics, such as qualifications for applying to be a primary lending manager, how to submit changes to the Nationwide Multistate Licensing System (NMLS), proper record handling, real world examples of mortgage loan entities (or the mimicry of) who committed crimes against consumers and what the decisions were against them, as well as information about sanctions for licensees who commit similar offenses or violations.

The course is completed with a final exam consisting of 25 questions randomly drawn from the class.

  • Course ID(s): 10021
  • 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.