Introduction

 

Purpose

The purpose of this course is to enable personnel to learn the rules and regulations regarding licensing and the Secure and Fair Enforcement Act, (SAFE Act) so that they can perform their job functions.

Objective

The objective of this course is to provide you with a better understanding of the SAFE Act, the requirements for licensing and how this law helps protect consumers.  As an advocate for your customer it is up to you to be diligent in your understanding of the laws and regulations affecting our industry, how they affect you in your business and how to adhere to them for compliance and consumer protection.

At the conclusion of this course you will be able to:

  1. Understand the requirements of the SAFE Act as it relates to licensing as a Mortgage Loan Originator.
  2. Know the requirements for obtaining and retaining a national license with the Nationwide Mortgage Licensing System and Registry.
  3. Define what the licensing requirements are of a State Licensed Mortgage Loan Originator and the registration requirements are for a Registered Mortgage Loan Originator.
  4. Recognize how education, reporting and personal history are important for licensure and consumer protection.

Teaching Method

This course is delivered online and can be completed on your computer, IPad or other mobile device.  It does not have to be completed at one time.  The system will record your progress and allow you to begin from where you left off.

Course Completion

The course is designed to give users a full spectrum of the laws and regulations of the Secure and Fair Enforcement Act, (SAFE Act).  You will begin with the first lesson which discusses the overview of the SAFE Act.  From there you can progress through the course in its written flow.  You will need all the lessons in the course to have a complete understanding of the requirements of the SAFE Act.