Public Course Delivery Method: Classroom Course
Duration of Course: 1 day

Meet SAFE Act Mortgage Loan Originator Licensing Requirements

8 Hour SAFE Core: Fundamentals of Mortgage Lending (Course ID: 1434) is approved by the NMLS to meet the pre-licensing CORE requirements.

8 Hour SAFE Core: Fundamentals of Mortgage Lending examines the essential laws and regulatory guidelines that impact mortgage banking as well as the role professional ethics play in the successful implementation of these legal directives. Sessions on fraud, quality assurance and nontraditional mortgages further illuminate the need for strict adherence to laws and industry guidelines to avoid costly consequences that have put many industry players out of business.

During the course, participants engage in practice exercises and activities surrounding the proper implementation of several federal mortgage laws and guidelines. Students interact with industry experts who enhance the instruction with real-life industry anecdotes.

Students leave with a solid understanding of the role that compliance, ethical behavior and overall professional vigilance all play in the success of the mortgage banking industry. This program is designed for production managers, counselors, quality assurance managers, and other loan production staff responsible for performing, managing or reviewing mortgage origination procedures.

Course Logistics

The course begins with registration at 7:00 a.m and ends at 5:15 p.m. Participants will have two weeks from the course conclusion to complete an optional online assessment.

Participants will be provided two course notebooks containing presentations and subsequent supporting information and materials for case studies and practice activities. Students will be required to:

• Participate in class discussion and group activities.
• Complete the optional online final exam prior to the deadline date identified in your course materials.
• Review all course materials before going on to take the NMLS Exam.

• Ask questions of the instructors at any time during the course.
• Work with the other students directly during class activities.

• Provide the course instruction for each session.
• Respond to your questions at the time they are asked or at later time during the session where more appropriate.
• Provide guidance for completing the activities and optional final exam.

Who Should Attend

Due to the intensity of the course, we recommend that you have a basic understanding of mortgage banking; however, everyone is welcome.

Production managers, counselors and other loan production staff responsible for performing and managing mortgage origination procedures will find this course essential in this time of ever-changing regulations and guidelines.

This course is also ideal for those who are considering entering the mortgage banking business or need a refresher on the most up-to-date changes affecting mortgage loan production.

Successful completion of this event will earn the participant 4 points toward MBA's Certified Mortgage Banker (CMB) Designation.