Note: There are states that require specific education or more than 20 hours of education (see our state pages for this information). We are committed to supplying state specific courses and currently have MD, NJ, NY, PA and RI available.

For Course Descriptions, please see below. For upcoming classes, please refer to Course Calendar on our homepage.

This course provides an ethical foundation and summary for Fair Lending Laws, a summary of fraud schemes and preventative measures and, lastly, focuses on a couple of key topics in Fair Lending - Predatory Lending and Yield Spread Premiums.

This course summarizes a broad selection of non-traditional mortgages that have been introduced over the last 30 years. This course is taught in context of the 2007 housing meltdown and includes the features, pros/cons and pitfalls of each type of loan.

• Adjustable rate mortgages (ARMs)
• Interest Only mortgages (IOs)
• Negative Amortization mortgage
• Buydowns
• Construction permanent mortgages
• Balloons
• HELOCs
• Reverse Mortgages

This course summarizes various types of adjustable rate and interest only non-traditional mortgages that have been introduced over the last 30 years. This course is taught in context of the 2007 housing meltdown and includes the features, pros/cons and pitfalls of each type of loan.

• Adjustable rate mortgages (ARMs)
• Interest Only mortgages (IOs)
• Negative Amortization mortgage

In this course, we cover the Truth-in-Lending Act, generally known as TILA. Along with the discussion of TILA, there are several important amendments. One we will cover in depth is HOEPA. We also include the newest MDIA updates. Knowing TILA well will be critical for your business with regards to regulators, litigation and reputational challenges.

This course additionally details the Truth-In-Lending Disclosure, the Right to Rescission Form and the Section 32 Truth-In-Lending Disclosure

In this course, we are going to cover RESPA and the SAFE act. As with most laws, these laws are, in the end, aimed at preventing industry behavior that negatively impacts consumers such as fraud and information that is not uniform and comparable. Knowing these laws well will be critical for your business with regards to regulation, litigation and reputational challenges. This course also includes a detailed discussion of the new GFE form.

In this course, we are going to cover a number of Federal Laws and regulations that deal with the extension of credit to borrowers based on information about the borrower and the handling and use of consumer information in the mortgage industry. Specifically, we will cover ECOA, FCRA/FACTA/Red Flag Rules, HMDA and the DNCIA as well as some of the key associated disclosures.

This course provides the “key elements” a loan officer needs to understand as they enter the mortgage industry. It focuses on the most critical part of the business – qualifying a customer and making the right type of loan for the right client.

We cover the "Three C's" of Credit, Collateral and Capacity, various documentation required for loans and give an overview of some basic loan products.

This course offers a strong understanding and introduction of what Green Building is and how the term relates to the mortgage profession. It reviews federal agencies, green facts and new initiatives currently available to the public.

We define in depth the financing tools and mortgage products that need to be marketed. This includes thorough overview of EEMs (Energy Efficient Mortgages) and EIMs (Energy Improvement Mortgages) as well as associated Federal tax incentives.

In this course we introduce the Federal Housing Administration’s Insurance Program, generally called “FHA.” FHA was mandated by the National Housing Act in 1934 and has been a cornerstone for many Americans pursuing the American Dream. We will introduce FHA, from its concept to the actual systems involved in starting the process of originating an FHA loan. We will also discuss many of the different loan programs offered through FHA.

This session deals with calculating the Maximum Loan Amount FHA is willing to insure for a mortgage borrower in the purchase or refinance of their homes. Most of the time, the maximum amount that mortgage lenders are willing to lend is based exactly on the maximum amount FHA is willing to insure. Because most FHA borrowers have little cash-in-hand for down payments, they rely on you, the loan officer, to help them receive the largest FHA loan possible. That is why this lesson is so important.

This lesson discusses who is eligible and who is ineligible for the FHA mortgage insurance. We discuss eligibility of borrowers, Co-Borrowers, Co-Signers and others.

Then, we discuss who is NOT eligible for FHA mortgage. Not surprisingly, this includes individuals delinquent on an FHA loan or some sort of federal debt. There are other circumstances; however, many of these have remedies or exceptions. We will discuss all of these so you can best lead your client through the FHA process.

This course covers New Jersey Law relevant to Mortgage Loan Originators (MLOs). During this 4-hour pre-licensing course covering New Jersey Mortgage law, we will cover several laws including: the New Jersey Residential Mortgage Lending Act in its entirety and portions of the New Jersey Administrative Code (3.1-16. 1-11) and (3.2-1. 1-9); the New Jersey Home Ownership Security Act of 2002; and New Jersey Title-46 Property Law.

This course covers New York Law relevant to Mortgage Loan Originators (MLOs) and is structured to reflect the outline of the New York State License Exam. During this 3-hour pre-licensing course covering New York Mortgage law, we will cover several laws including: Articles 12-D and 12-E of New York Banking Law; Part 420 of the Superintendent’s Regulations, and Parts 38 and 41 of Banking Board regulations. We also discuss current licensing regulation as well as the changes to be implemented prior to July 30, 2010.

This course discusses key Pennsylvania mortgage laws, including 61 of the Mortgage Loan Industry Licensing and Consumer Protection Act, the Housing Finance Agency Law (December 3, 1959; P.L.1688, No.621) and the Loan Interest and Protection Law (January 30, 1974; P.L.13, No.6).

This course covers Maryland Law relevant to Mortgage Loan Originators (MLOs). During this 5-hour prelicensing course, we will discuss several laws including: Maryland Administrative Code; Subtitle 5-Maryland Mortgage Lender Law; Title 6-Maryland Mortgage Originator Law; Title 12-Commercial Law and Maryland’s Finders’ Fee Law.

Throughout the training, we will emphasize compliance requirements and the repercussions of noncompliance to both Federal and State lending laws through the various disciplinary actions afforded the Department of Labor, Licensing and Regulation, Division of Financial Regulation, which is the state regulator of Maryland’s mortgage industry.

This course presents a summary of the key terms and provisions of the Rhode Island Statutes and Rules that specifically impact the mortgage loan originator and residential mortgage lending operations in the State of Rhode Island and is structured to reflect the outline of the Rhode Island State License Exam.