For Sales and Customer Service: 888-341-7767 OR info@getyoured.com

 

The NMLS urges you to stay ahead of your license renewal.


 


TRID is Changing, Do you know what's coming?


You must know how to Comply or Say Goodbye to business as you know it! 

 

 

Want to Jump Ahead to Choose your State?

Live In Person, Live Online Webinar, Online Self Paced

Otherwise, read on below

 

 

 

Can you answer these basic questions about TRID... if so, great, this is just the tip of the iceberg, if not... then hold on tight, TRID will change your world:


1) How are you going to leverage the moment when your customer asks you why their Total Interest is 65%  ?

2) Can you name the 5 exceptions that allow you to reissue the LE?

3) After the CD is delivered, what are the 3 events that would trigger an additional 3 day waiting period? 


We will help you understand everything you need to know and help you get ahead of the latest changes out of Washington that have a major permanent impact on this industry we are all so committed to.

 


TRID is an over 1,800 page rule that

You must now comply with in a major way...

 

Don't Get Under Trained. 



 8hr TRID Training will leaving you feeling good

about what is here to stay and impact your day to day.

 

 Live in Person, Live Webinar, Online Self-Paced 


The CFPB is making some changes and they have a much bigger impact on our entire industry than anyone ever imagined TRID would be.
 
From the initial application to the closing and everything and everyone in-between, this new TRID rule will have a major affect.
For example, the 20hr PreLicensing textbook will have over 60 pages of additional information added to explain how all these new TRID items will be handled.




The Best 8hr CE You Can Get, Now Available in Three Great Formats

Brought to you by our partners at Mortgage Education.com (NMLS Provider 1400051)

Live Classroom

- training provided by Mortgage Education.com                 (nmls provider ID 1400051)

Join a class and meet others in the industry in your area face to face... Live!

 

+ Participate and Ask Questions Live

+ Get Your Continuing Education done in 1 day 

+ Breaks Throughout the day and lunch

+ No Procrastination 

+ Drink good hotel coffee

+ NO TEST

Choose Your Best Location for the 8hr Live

 

2017 LIVE CE  DATES 

 

Wilmington, NC           Sept. 18th
Raleigh, NC             Sept. 19th
Greensboro, NC         Sept. 20th
Charlotte, NC            Sept. 21st
Asheville, NC           Sept. 22nd


Live Webinar

- training provided by Mortgage Education.com                 (nmls provider ID 1400051)

Watch a live feed of a live class... Live without waiting in traffic!

 

+ Participate and Ask Questions in Real Time

+ No Web Camera Needed

+ Get Your Continuing Education done in 1 day 

+ Breaks Throughout the day and lunch

+ No Procrastination 

+ Drink your own coffee

 

Choose A Date for the National 8hr Webinar

if you are in:

AL, AK, AR, CA (BRE), DE, FL, IL, IN, IA, KS, LA, ME, MI, MN, MT, NE, NH, NY, ND, OH, OK, OR, PR, SC, SD, TN, TX, UT (DFI), VT, VI, VA, WI, WY         


2017 LIVE WEBINAR Dates

 

Every Thursday starting Sept. 7th through the end of the year 


Choose A Date National 7hr Webinar below and then it will automatically add the State Law class for the following states: 

AZ, CA (DBO), CT, DC, GA, HI, ID, KY, MD, MA, MS, MO, NV, NJ, NM, (NC class starts at 9am) , PA, RI, WA, or WV.

 

2017 LIVE WEBINAR Dates 

 

Every Thursday starting Sept. 7th through the end of the year 



 

Online Self-Paced

Get Your 2017 CE Now and Save!

- training provided by Mortgage Education.com                 (nmls provider ID 1400051)

 

The ultimate convenience in online training, start and stop when you want to

 

+ Work completely around your schedule

+ Audio

+ Practical quizzes and checking of your understanding

+ Start at the office, finish at your house and everything in-between

 

Get your full hours for your National and State requirement in Online Self Paced or pick your National training via in Person or Live Webinar and combined it with a class found here:

Get Online Self Paced Training Now

 

If you are wanting a Live Webinar and you are in one of the following states, you can add a state specific CE  to your webinar purchase from the column to the left.

AZ, CA, CT, DC, GA, HI, ID, KY, MD, MA, MS, MO, NV, NJ, NM, NY, NC, OR, PA, RI, WA, or WV.

 

                                                Or, Choose by Your State

 



Online SAFE CE - CORE (2920)

Course Summary

Section One:  2 Hours on Nontraditional Mortgages – FHA Overview

This course discusses the Federal Housing Administration’s Insurance Program, generally called “FHA.”  FHA was mandated by the National Housing Act in 1934. The loan programs that evolved out of that Act and its consequent regulation have been a cornerstone for many Americans pursuing the American Dream.    We will introduce FHA, from its concept to the systems involved in starting the FHA loan origination process.  We will also discuss many of the different loan programs offered through FHA.   The concepts included in this lesson are:

  • Background.   Discusses the concept of FHA and how the program works
  • Key FHA Underwriting Guidelines, Primary FHA Loan Programs, Specialty FHA Loan Programs, HECMs and Enhancements to FHA Loan Programs.  Gives an overview of FHA loan programs, including who is eligible, special conditions related to each program and any mechanics associated with the implantation of an FHA insured loan under that specific program
  • FHA Systems.  Lays out, from a practical viewpoint, what tools a loan originator would use when originating an FHA loan, including FHA Connection, CAIVRS and the case number assignment workflow.



Section Two:  2 Hours on Ethics, Fair Lending and Fraud – Moving Forward


This course explores several aspects of ethical mortgage lending. We will present a simple ethics framework for guiding individual decisions. We will define and illustrate good ethical practices in the lending industry. We will reinforce the need to correct poor behaviors and prevent fraud and misrepresentation in order to protect the borrower.  Finally, we discuss the critical integration between fair lending laws and ethical behavior.

  • Chapter 1.  We discuss Ethical Action and a couple potential frameworks
  • Chapter 2.  We generally discuss common ethical failures of MLOs and how to detect and avoid misrepresentation and fraud by monitoring industry participants
  • Chapter 3.  We focus on best practices MLOs should pursue to avoid misrepresentation and fraudulent practices
  • Chapter 4.  We tie back to our initial chapter by discussing fair lending laws



Section Three:  3 Hours on Federal Law - TILA

In this course, we are going to cover the Truth-in-Lending Act, generally known as TILA.   Along with any discussion of TILA, there are several important amendments.  One that we will spend a fair amount of time on is HOEPA.   We have also included the newest updates resulting from MDIA.  Knowing TILA well will be critical for your business with regards to regulators, litigation and reputational challenges.  

This course additionally details the Truth-In-Lending Disclosure, the Right to Rescission Form and the Section 32 Truth-In-Lending Disclosure

  • TILA – Truth-in-Lending Act “Reg Z” including MDIA updates.  TILA is the most important US consumer protection law with regard to borrowing.  It protects consumers' interest by requiring correct and sufficient disclosure of lending terms and costs on most types of consumer credit including mortgage loans.
  • HOEPA – Home Ownership and Equity Protection Act “Reg Z.”  Amidst the rapid growth of subprime lending, the Congress in 1994 passed the Home Ownership and Equity Protection Act (HOEPA), an amendment to TILA, to help curb predatory lending.  HOEPA is a key protection for consumers with regards to predatory lending.



Section Four:  1 Hour of Elective Education on Nontraditional Mortgages - FHA 300 – Borrower Credit and Eligibility

This course discusses who is eligible and who is ineligible for the Federal Housing Administration (FHA) mortgage insurance.  We will discuss eligibility of borrowers, Co-Borrowers, Co-Signers, non-purchasing Spouse and Living Trusts, to state and local government agencies, and approved nonprofit organizations. We will also discuss potential remedies for persons with eligibility issues.

Chapters include:

  • Eligibility.  Details the basic factors that make for an ineligible borrower.
  • Types of Borrowers and FHA Requirements.   Discusses different borrowers that are eligible for FHA insurance.
  • Credit Issues of Borrowers, Co-Borrowers and Co-Signers.  Looks at the issues affecting credit.  This includes learning about judgments, bankruptcies, collections and foreclosures.  We discuss a number of problematic borrowers and also the various ways to remedy the situation to help your client obtain an FHA loan.
  • FHA Application Form (Declarations).  Lastly, we go through the section on the loan application that this entire lesson leads up to – the declarations section for an FHA loan application




Help and Understanding of these changes are on the way! 

Feel free to contact us for questions about the latest Continuing Education courses for NMLS compliance    888-341-7767     info@GetYourEd.com 





An Alliance to Best Serve the Mortgage Industry


 

 

The economy has gone through many changes in the last 20 years; in the last 5 years, the mortgage industry even more so. New rules and regulations that are in place have fundamentally transformed how loan officers get and maintain licensure, how mortgage applications are taken, how loans are closed and so much more. 


Abacus Mortgage Training and Education actually started out as MoneyNet Mortgage Planning Services in the 80s and continued to originate mortgage loans into the late 2000s. Founder Paul Donohue's main focus and philosophy was building "customers for life" through honesty, integrity, and professionalism; helping make the dream of homeownership possible for tens of thousands of families. During this time, Paul and his team at Abacus were also committed to delivering ground breaking mortgage training and education across the country to tens of thousands of individuals and companies large and small, as an NMLS approved education provider. Francis Donohue has been the National Sales Director at Abacus for over 7 years and has continued to help mortgage companies and loan originators nationwide reach their goal of mortgage excellence. 

In the last 3 years Abacus has evolved as well. We continue to evolve how we help train the industry and Francis Donohue is now the new President of Abacus and is ready to help you navigate through your mortgage training goals and requirements. Francis has an extremely clear and unique hands-on upbeat approach to helping you understand the entire licensing process, preparing for the exams, and or getting set up with a class to renew your individual or entire company license.

When you call or email, one of highly knowledgeable Abacus's team members will help you get started fast.. or Francis might just answer the phone, he may not always be available to speak immediately; however, he loves to provide personalized solutions for each person he talks to and would be happy to spend that time speaking with you. 

We have also recently partnered with NMLS approved education provider Mortgage Education.com (nmls id 1400051) to help bring you the very best training possible and at an extremely affordable price.

Mortgage Education.com was also founded on the same principles of honor and excellence and hence why we are a natural fit to assist you together in your education experience. 

All NMLS approved PreLicensing Courses are fully licensed and approved by Mortgage Education.com (nmls id 1400051)

 

 

IMPORTANT NOTICE: PLEASE READ


Because many of our clients have expressed confusion over phone calls and emails they have received, we wanted to make sure you were updated on an important change with Abacus Mortgage Training.
Abacus Mortgage Training has been built on a foundation of making sure our clients always get the best education available, at the best possible price. This is why we make sure to partner with Education providers that we feel can best meet the needs of you, our valued customers.


Previously, we were affiliated with Diehl and Associates, out of Indianapolis, Indiana. This is no longer the case. We have ended the relationship with Diehl and Associates, and are now affiliated with Mortgage Education.com. We know that Mortgage Education.com is the right choice for our customers, as they are one of the few NMLS approved providers that have every state required course, both CE and PE, in the formats our customers want. In addition, they are extremely affordable, especially with our specially negotiated discounts.
At Abacus, we have always held Integrity, Professionalism and a quality Education Experience as our central mission at the most competitive price. Mortgage Education.com is the right provider to meet those goals.


The Team at Abacus Mortgage Training is here to help, now in our 16th year, with making sure you get the right training for a great price... and this is really great material in these courses provided by our new Partners at Mortgage Education.com (nmls id 1400051)

For Sales and Customer Service: 888-341-7767 OR info@getyoured.com