This course covers the CORE SAFE Continuing Education Requirements for all Loan Officers. Specifically, this course includes the required 3 Hours on Federal Law and Regulations, 2 Hours on Ethics, including instruction on fraud, consumer protection, and fair lending and 2 Hours on Nontraditional Mortgages.
· An understanding of telemarketing and consumer fraud, the do not call registry, what calls are covered and exemptions for certain organizations
· An understanding of advertising rules, record keeping requirements for advertisements and examples of how financial institutions may violate these rules
· Also have knowledge of Loan Estimate and Closing Disclosure timing and delivery requirements, revision and correction requirements.
· An insight into most common RegZ deficiencies
· An understanding of RESPA and REG X requirements including Kickbacks and unearned fees, Penalties, Home ownership counseling requirements
· An working knowledge of Equal Credit Opportunity Act and Fair lending including Prohibited basis for discrimination, disparate treatment, permissible acts, certain notices, and acceptable income in loan review.
· An understanding of the Gramm-Leach Bliley act including privacy of consumer information, privacy notices and opt-out requirements
· An understanding of the special rules put in place for COVID relief
· A knowledge of alternative products, including rehabilitation,
· Specialty Finance products including affordable housing programs.
+ 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
+ Work completely around your schedule
+ Full Video of Class
+Audio
+ Practical quizzes and checking of your understanding
+ Start at the office, finish at your house and everything in-between
This course satisfies the 8 hour continuing education requirement for Licensed Mortgage Loan Originators (MLOs) that do not require state specific education and also supplies MortgageCOMPLY compliance certificates.
The course is divided into 10 sections:
Section 1: Uniform Residential Loan Application
Section 2: Home Mortgage Disclosure Act
Section 3: FCRA
Section 4: DNCIA
Section 5: TILA/TRID
Section 6: Fraud
Section 7: Red Flag Rules
Section 8: Fair Lending
Section 9: Anti Money Laundering
Section 10: Qualified Mortgages/Ability to Repay
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:
+ 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
If you are an organization that would like to hold a Private Class Please Contact Us for Details.
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 10 years and has continued to help mortgage companies and loan originators nationwide reach their goal of mortgage excellence.
In the last 5 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)