The S.A.F.E. Act – Secure and Fair Enforcement for Mortgage Licensing Act

$95.00

SKU: 10367 Category: Tag:

Description

Explains the purpose of the S.A.F.E. Act and the core elements of the “mortgage loan originator” position. Provides a working knowledge of what activities define a mortgage loan originator, the registration requirements, and the use of the MLO unique identifier.

NOTE:;This course is written specifically for the purpose of training front-line Mortgage Loan Originators (MLOs) who are employed by financial institutions covered by the provisions of the S.A.F.E. Act. It does not cover the specific requirements for MLOs who must be state licensed and registered.

Bank compliance managers or those administering the MLO registration process will need additional details not covered in this course. In addition, the course does not discuss the de minimis exception on the assumption that employees of those banks whose mortgage activities are too small to be subject to the S.A.F.E. Act, will not view this course.
What You’ll Learn
After completing this course, students will be able to:

  • Describe the goals and requirements of the S.A.F.E. Act
  • Determine the MLOs role, registration of, and basic requirements for an MLO
  • Additional information

    Audience
    Credits

    0.75 CRCM

    Member Price

    95.00

    Non-Member Price

    130.00

    Course Number

    ABA

    Location

    Online Self-Paced

    Vendor

    ABA

    Course Code

    ABA

    Prerequisites

    None

    Day

    Online

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