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

Licensed and registered mortgage loan originators in Wisconsin must complete eight hours of renewal education every year. This NMLS-approved course fulfills Wisconsin’s continuing education requirement by including specific core topics along with an elective. 

Here is an overview of each course module:

Module 1: Federal Mortgage Law (3 Hour)

The course begins by covering federal laws and rules related to mortgage loan originators and mortgage loans. Focus areas include the Fair Credit Reporting Act, legislation about electronic records and signatures, the Equal Credit Opportunity Act, and more. Integrated Mortgage Disclosures, Regulation Z, and federal oversight on mortgage lending are also explored in this module.

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

This module highlights mortgage industry ethics and consumer protections. Topics covered include Identity Theft Rules (16 CFR 681), best practices for safeguarding client data, and mortgage fraud examples. This module also features multiple case studies and compliance recommendations for consumer protection and Regulation N. Students will also receive a refresher on fair lending and balancing commercial aspirations with ethical business practices.

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

Module three covers non-traditional loan options, such as reverse and adjustable-rate mortgages. Also included is a review of Federal Housing Administration updates, the Home Equity Conversion Mortgage program, and adjustable-rate mortgage lending standards. The module ends by highlighting VA loans, affordable housing programs, and down payment assistance programs.

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

This elective portion of the course reviews the U.S. Federal Reserve System and mortgage market. Subjects covered include recent industry developments, primary sources of home financing, financial markets, and conventional and unconventional loan types.

At the end of each module is a five-question quiz and an interactive activity. The activity is a hypothetical scenario  based on module content with five scenario-related review questions. There is also a 25-question final exam that students must complete with a 70% minimum passing score.

  • 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.