Advertising is one of the most important aspects of the mortgage business and it is essential that mortgage loan originators know and understand all the rules and laws that pertain to advertising so that they always remain in compliance. In this course, we will start with the basics of what is considered advertisement, and transition discuss all of the federal laws surrounding advertising from TILA, MAP, ECOA, and UDAAP. By the end of this 30-minute course, the student will have had a crash course in federal advertising law and be able to apply the information to social media and other advertising.

The Ability to Repay Rule and the Qualified Mortgage Rule work hand in hand to help ensure borrowers can repay their loan and are in safe and sound loan products. In this course, we will be discussing the eight underwriting criteria under Ability to Repay. Students will also be able to define and explain what a Qualified Mortgage is and how it is defined including when a rebuttable presumption or safe harbor exist on a loan.

This course fulfills the requirement for annual training on BSA/AML under the law. IN this course, students will learn the basics of what is required under BSA/AML, including when a Suspicious Activity Report (SAR) must be filed. We will also discuss current trends and changes with BSA/AML policy and things that students need to be aware of could be mechanisms for money laundering.