20-Hour Pre-Licensing Class (PE)

20 Hour SAFE Comprehensive Course:
20-Hour Mortgage Loan Originator SAFE Comprehensive Course: Origination Essentials and Exam Preparation – Course ID 15021

Mortgage Loan Originator Pre-licensing / National Topics

Course Provider:
Tennessee Mortgage Bankers Association
Provider ID: 1405071

Course Purpose

This course satisfies the requirements set forth by the Secure and Fair Enforcement Mortgage Licensing Act for a comprehensive 20-hour prelicensing course for mortgage loan originators.

Course Description

This course covers topics required by the SAFE Act: Federal lending legislation (3 hrs), ethics (3 hrs), and nontraditional mortgage products (2 hrs). Also included are 12 hours of electives on key concepts, including financial disclosure, privacy protection, consumer I.D., and predatory lending protection laws; government loan programs; the SAFE Act; financial calculations; conventional loans and financing; loan processes, products, and finance instruments; and the Uniform State Test.

MLO Pricing 2023



Course Learning Objectives

DAY 1 Learning Objectives: 

▪Describe the universe of residential real estate financing

▪Identify key components of residential real estate financing

▪Understand government back loan programs

▪Review history and challenges of non-traditional lending

▪Understand role of Nontraditional Mortgage Product risk

▪Review difference between fixed and variable loan products

▪Define parameters of ARM products

▪Understand ARM calculations

▪Understand the origins of the SAFE Act

▪Learn about terms, limitations and prohibited practices

▪Review the Model State Law

▪Understand the purpose of RESPA

▪Review the various sections of RESPA

▪Determine the relationship of RESPA to TRID

▪Define the importance of RESPA section 8

▪Understand the purpose of TILA

▪Review the subparts of TILA

▪Understand the relationship between the Dodd Frank Act, CFPB and TRID

▪Define the relationship between RESPA, TILA and TRID

▪Review TRID coverage and retention

▪Review difference in business day rules

▪Review the Loan estimate and revised loan estimate

▪Understand the different tolerance

▪Review the Ability to Repay 

DAY 2 Learning Objectives: 

▪ Review the pre-closing activities 

▪ Understand security instruments, forms of ownership and different participants 

▪ Understand Fair Lending Laws (ECOA, FH Act, HMDA) 

▪ Review terms related to ethics and prohibited practices 

▪ Understand the consequences of fraud 

▪ Understand fraud schemes 

▪ Review Truth-in-Advertising Laws 

▪ Review BSA/AML, Privacy, USA Patriot Act 

▪ Understand the Loan Application 

▪ Review Appraisal rules and guidelines 

▪ Learn important Mortgage Calculations