This course is designed to address your 2023 Late CE needs.

Licensed and registered mortgage loan originators in Washington must take eight hours of renewal education each year. This course, which is NMLS-approved, fulfills Washington’s education requirement by including specific core topics and an elective. 

Below is a content overview of all course modules:

Module 1: Federal Mortgage Law (3 Hour)

The course begins with a review of federal laws and rules related to mortgage loan originators and mortgage loans. Specific laws covered include the Equal Credit Opportunity Act, the Fair Credit Reporting Act, legislation about electronic records and signatures, and more. Integrated Mortgage Disclosures, Regulation Z, and federal oversight on mortgage lending are also discussed.

Module 2: Ethics, Fraud, Consumer Protection, and Fair Lending (2 Hour) 

Module two highlights mortgage industry ethics and consumer protection methods. Topics covered include Identity Theft Rules (16 CFR 681), mortgage fraud examples, and ways to safeguard client data. The module features compliance recommendations and multiple case studies for consumer protection and Regulation N. It also emphasizes fair lending and balancing commercial aspirations with ethical business practices.

Module 3: Non-Traditional Mortgage Lending (2 Hour)

This module covers non-traditional loans like adjustable-rate and reverse mortgages. It starts with a review of Federal Housing Administration updates, the Home Equity Conversion Mortgage program, and adjustable-rate mortgage lending standards. Then, affordable housing programs, VA loans, and down payment assistance programs are discussed.

Module 4: The Mortgage Market and the Federal Reserve System (1 Hour Elective)

The course concludes with an elective module that reviews the U.S. Federal Reserve System and how it relates to the mortgage industry. Subjects covered include financial markets, primary sources of home financing, conventional and unconventional loan types, and recent industry developments.

At the end of each module is a five-question quiz and an interactive activity. The activity presents students with a hypothetical scenario based on module content and includes five scenario-related review questions. To pass the course, students must pass a 25-question final exam with a score of 70% or higher.

  • Course ID(s): 15524
  • 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.