8 Hour SAFE Comprehensive 2025 MLO Course Virginia
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8 Hour Course
- $89.00
Licensed and registered mortgage loan originators in Virginia are required to take 8 hours of standard annual renewal education that includes core topics and an elective. Four modules comprise this series, each focusing on a major topic area:
- Module 1: Federal Mortgage Law (3 Hour)
- Module 2: Ethics, Fraud, Consumer Protection, and Fair Lending (2 Hour)
- Module 3: Non-Traditional Mortgage Lending (2 Hour)
The first module of the course is about Federal laws and rules that apply to mortgage loans and mortgage loan originators across the country. TILA/Regulation Z is the primary focus, with a number of topics of interest based upon examinations and findings by state regulators reviewed within that subject. The Fair Credit Reporting Act, laws pertaining to electronic records and signatures, along with how federal oversight affects mortgage lending today. Other topics will also be discussed, including a review of Qualified Mortgage Standards.
The second module deals with ethical considerations and consumer protection. Topics include fraud in the mortgage industry, Identity Theft Rules (16 CFR 681), and how to best safeguard client data. Several case studies will be presented, as will other recommendations on compliance with such laws as Regulation N. Fair lending, consumer protection, and balancing one’s economic aspirations with ethical business practices are all emphasized.
To conclude the set, the third module examines non-traditional mortgage loan products like adjustable rate mortgages and reverse mortgages. Federal Housing Administration updates and changes come first, followed by lending standards for adjustable rate mortgages. Next is a review of the Home Equity Conversion Mortgage program. Various other types of loans and financing options are also covered, including VA loans, down payment assistance programs, and affordable housing programs.
Each module will be followed by an assessment that consists of a five-question quiz and an activity in which students will read a short scenario and then answer questions based on course content. The final exam contains 25 questions and will conclude the 8-hour set.
Show Course ID: 1
- Course ID(s): 17355
- Approved By: NMLS
Instructor Bio
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.