LATE CE 7 Hour SAFE CORE OSS
Description
In this course we’ll discuss a variety of important topics starting with the NMLS required concerns: The top 10 violations that they want us to discuss for 2025. In Chapter 2, we will talk about cybersecurity including a conversation on ransomware, biometric data, BSA/AML, and cryptocurrency. In Chapter 3 we will discuss advertising and in Chapter 4 we will cover fair lending concerns. Chapter 5 will review Reverse Mortgages. Chapter 6 reviews Adjustable-Rate Mortgages along with secondary market updates.
NMLS Provider ID #1400062
Late CE 7 Hour SAFE CORE Course ID #
$79.98
Course Objectives
By the end of this course, learners will be able to:
- Restate the role of the Multi-State Mortgage Committee (MMC).
- Understand the requirements under TRID.
- Describe the three tolerances under TRID.
- Define a change of circumstance.
- Identify the timelines for the CD and LE before and after consummation.
- Analyze the requirements for advertising under TILA.
- Describe the purpose and requirements under GLBA
- Understand what is considered Nonpublic Personal Information
- Relate what mortgage professionals can do to protect their borrower’s information
- Redefine the terms Internet of Things, Deepfakes & Ransomware
- Identify the pieces of the Bank Secrecy Act / Anti-Money Laundering
- Evaluate how cryptocurrency and blockchain affect the mortgage industry
- Describe the requirements for advertising under TILA, MAP, and RESPA Section 8
- Create compliant social media advertising
- Understand how to reach out to a state or federal regulatory authority to report a non-compliant advertisement
- Explain requirements when using complex algorithms in lending decisions
- Examine how using algorithms can lead to digital redlining in both lending decisions and advertising/marketing
- Forecast how new rulemaking by the CFPB may impact small lenders with the new AVM requirements
- Discuss the new Uniform Appraisal Dataset (UAD) Aggregate Statistics Data File published by FHFA
- Interpret Limited English Proficiency (LEP) requirements
- Describe the history of the HECM and reverse mortgages
- Understand how a reverse mortgage works
- Relate key definitions related to reverse mortgages
- Outline the qualification requirements for HECMs
- Restate the things to avoid when submitting a HECM file
- Relate the reasons why ARMs might make sense for some borrowers
- Describe the parts of an ARM
- Understand the general qualifications for ARMs
- Identify potential issues with seller contributions and buydowns in this high-interest-rate market
- Evaluate the new updates from around the industry and what they could mean for your borrowers
