Credit hours: 8
Tuition: $125 + $12 NMLS Credit Banking Fee - course materials included
NMLS Approved Course #2271

2012 Dates and Times

Dates will be released in Summer of 2012. Classes will be offered beginning in Aug/Sept 2012. Call us at (239) 344-7510 to be placed on our email list so we can notify you of the class dates.

Course Description

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires that state licensed mortgage loan originators (MLO’s) complete continuing education at an NMLS approved school every year. The 8 Hour SAFE Comprehensive Continuing Education for 2011 at Larson Educational Services meets this requirement.

This course is designed to teach you the updates to Federal Laws, including RESPA, TILA and ECOA, how to explain the GFE and HUD-1 forms to consumers, changes to compensation and steering laws, updates to FHA and mortgage insurance premiums, understanding how credit scores are developed and how to improve credit scores.

At the conclusion of this 8 hour course, students will be armed with the knowledge to legally, safely and efficiently serve the needs of today’s borrowers and lenders in real estate financing transactions.

Topics Covered:

• the disclosure and rescission rights that exist through TILA 
• the major provisions of ECOA and how they affect credit issues with borrowers and lenders
• the required disclosures and mandatory closing statement of RESPA 
• the GFE and HUD-1 Forms and know how to explain them to consumers
• the history, impact and consequences of mortgage fraud 
• how to recognize mortgage fraud and the types of fraud schemes
• how to identify when a mortgage fraud crime has been committed 
• how to prevent mortgage fraud
• the changes to Regulation Z regarding compensation and steering 
• MIP increases that took effect on April 18, 2011
• the current FHA qualifying standards, including income and FICO requirements 
• the types of FHA mortgage products available to consumers 
• information used in credit scoring, such as bill-paying history, the number and types of accounts, late payments, age of accounts and outstanding debt
• how a credit-scoring model is developed and the analysis of statistics that are used to identify characteristics that relate to creditworthiness
• mistakes that lead to lower credit scores and steps to improve credit scores

Not ready to pay for your course, but want to hold your seat?
That's ok! We accept unpaid registrations online or by phone. 
Your tuition will be due on the first day of class. 

Call us today with any questions

(239) 344-7510