Late CE: 8 Hour SAFE Comprehensive 2022 MLO Course Wisconsin (14262)
- 8 Hour Course
This course is designed to address your 2022 Late CE needs.
Mortgage loan originators in Wisconsin must complete eight hours of renewal education every year. This series includes four modules that cover:
- 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 deter mortgage fraud in the United States.
Module three focuses on risks associated with non-traditional mortgage loan products. We examine adjustable-rate mortgages (ARMs), reverse mortgages, high-cost and higher-priced mortgage loans, counseling requirements, and information on lending standards. Finally, we discuss FHA, VA, and USDA government loans.
Module four covers renovation mortgage loans, with a focus on 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.
Show Course ID: 1
- Course ID(s): 14493
- Approved By: NMLS
Mary Tillery, an originating branch manager at Synergy One Lending in Grants Pass, Oregon, believes that buying a home is one of life’s true milestones. For more than 35 years, she has been teaching lending education classes and helping homebuyers achieve their dreams. Mary combines her love of knowledge with her passion for people in her roles as a loan originator and educator. From first-time mortgages to complex construction financing, she is happy to share her expertise with clients and industry professionals alike.