CATEGORY: SAFE20 Webinar Courses

SAFE20 Webinar (02-14_02-16-2022)

Course Access: Lifetime
Course Overview

SAFE 20 Hour Webinar 

SAFE Comprehensive Fundamentals of Mortgage PE (Course #1130) 

02/14/2022_02/16/2022   (11AM-5:40PM EST)                            

Course Format: Webinar (online with a live instructor)
Credit Hours: 20 PE Credits
NMLS Approval 

The 20-Hour SAFE Comprehensive Fundamentals of Mortgage Education course has been approved by NMLSR. This course meets the pre-licensing education requirements of the SAFE Act of 2008 containing:

    • 3 hours of federal law and regulations;
    • 3 hours of ethics, which includes instruction on fraud consumer protection and fair lending issues; and
    • 2 hours of training related to lending standards for the nontraditional mortgage product marketplace. 

This course also contains 12 hours of elective content. The following topics will be covered:


The Truth in Lending Act (TILA) – Regulation Z – [2 Hours]

    • TIL Disclosure Statements
    • Disclosures for Variable Rate Credit Plans
    • Advertising Disclosure Requirements
    • The Mortgage Disclosure Improvement Act (MDI/HERA) – July Rule
    • Home Owners Protection Enforcement Act (HOEPA)

The Real Estate Settlement Procedures Act (RESPA) – Regulation X – [2 Hours]

    • Required Disclosures at all Stages
    • Service Disclosure Statements, Booklets and Requirements
    • Damages and Costs for Noncompliance
    • Prohibiting Kickbacks and Unearned Fees
    • Penalties for Violation
    • Affiliated Business Arrangement Form

New RESPA Good Faith Estimate – [1 Hour]

    • Understanding the New Good Faith Estimate
    • Changes Made to Facilitate Shopping
    • The New Good Faith Estimate
    • Analyzing the Form

The Equal Credit Opportunity Act (ECOA) Regulation B – [1 Hour]
Prequalification Programs and ECOADiscriminationAdverse ActionNotice of Action Taken and Statement of Reasons

The Home Mortgage Disclosure Act (HMDA) = Regulation C – [30 Minutes]


  • Background and Summary

The Federal Credit Reporting Act (FCRA) – [1 Hour]

    • FCRA Background and Summary
    • Obtaining Consumer Reports
    • Obtaining Information and Sharing Among Affiliates
    • Disclosures to Consumer and Miscellaneous Requirements
    • Duties of Users of Consumer Reports and Furnishers of Consumer Report Information
    • Consumer Alerts and Identity Theft Protections

Privacy Laws – [1.5 Hours]

    • Gramm-Leach Bliley Act (GLB)
    • The Fair and Accurate Credit Transaction Act (FACTA)
    • The Red Flags Rule
    • The USA Patriot Act
    • The Federal Trade Commission’s (FTC’s) Disposal Rule

Interagency Guidance on Nontraditional Mortgage Product Risks – [2 Hours]

    • Loan Terms and Underwriting Standards
    • Qualifying Borrowers
    • Statement on Subprime Mortgage Lending
    • Portfolio and Risk Management Practices
    • Management Information and Reporting
    • Consumer Protection Issues
    • Recommended Practices
    • Terminology & Review

Ethics, Fraud, Consumer Protection & Fair Lending Issues – [3 Hours]

    • Ethics
    • Ethics and Mortgage Lending
    • Ethics and Predatory Lending
    • Fraud
    • Types of Mortgage Fraud
    • Fraud Schemes
    • Liability for Fraud
    • Preventing Fraud

General Mortgage Knowledge – [6 Hours]

    • History, Introduction to the Mortgage Industry
    • Settlement Service Providers
    • Mortgage Industry Contracts and Instruments
    • Fannie Mae/Freddie Mac Uniform Mortgage Contract
    • Snapshot of the Mortgage Loan Process
    • Automated Processing
    • Loan Programs
    • Insurance
    • National Flood Insurance Act (NFIA)
    • Steps in Loan Processing
    • Understanding Credit
    • Credit Bureaus
    • Consumer Rights
    • Income Verification
    • Income Calculation Methodology
    • The Underwriting Process
    • FHA and VA Appraisal Guidelines
    • Evaluating the Borrower
    • Loan-to-Value Calculations
    • The Commitment
    • Lock In Agreement
    • Recording the Deed of Trust
    • Mortgage Calculations

Note to Purchaser: In addition to the Webinar, the cost of this course also includes an ungraded practice test, a graded practice test, and content covering the Uniform State Test (UST).  It is unnecessary to purchase the SAFE20 materials separately.