AYPORealEstate.com

Washington mortgage loan originators must complete eight hours of renewal education every year. This online series has four modules that cover the following:

  • Module 1: Federal Mortgage Laws
  • Module 2: Ethics, Fraud, Consumer Protection, and Fair Lending
  • Module 3: Non-Traditional Mortgage Lending
  • Module 4: Renovation Mortgage Loans

Module one discusses federal laws, including the SAFE Act, Regulation Z, ECOA, and the TRID Integrated Mortgage Disclosures.

Module two starts with ethical considerations of businesses and financial services duties. Then we discuss consumer protections and fair lending practices under the Equal Credit Opportunity Act (ECOA). We also explain how to identify and stop mortgage fraud in the United States.

Module three discusses non-traditional mortgage loan products and the potential risks that come with using them. We examine reverse mortgages, adjustable-rate mortgages (ARMs), high-cost and higher-priced mortgage loans, counseling requirements, and information on lending standards. Lastly, we discuss FHA, VA, and USDA government loans.

Module four covers renovation mortgage loans, specifically Fannie Mae HomeStyle® and FHA 203(k) loans.

All four modules include a five-question quiz and interactive activity. At the end of the course, there's a 25-question final exam.

  • Course ID(s): 14262
  • 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.