8 Hour SAFE Comprehensive Course

Credit hours: 8
Tuition: $137 course materials included
NMLS Course Approval Number 5978

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2017 Course Dates COMING SOON!

One Day Class: One day from 8:30am to 5:30pm (8:00am to 5:00pm for Minnesota classes)

Course Locations

Dania Beach: Courtyard Fort Lauderdale Airport - 400 Gulf Stream Way
Fort Myers: Royal Palm Square - 1400 Colonial Blvd, Suite 44
Naples: Marquesa Plaza - 13040 Livingston Rd, Unit 12
Palm Beach Gardens: DoubleTree Hotel and Meeting Center - 4431 PGA Blvd
Bloomington, MN: DoubleTree by Hilton Hotel Bloomington - 7800 Normandale Blvd

Course Description

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires that state licensed mortgage loan originators (MLO’s) complete continuing education at an NMLS approved school every year. The 8 Hour SAFE Comprehensive Mortgage Loan Originator Continuing Education Course for 2016 at Larson Educational Services meets this requirement.

At the conclusion of this 8 hour course, students will be armed with the knowledge to legally, safely and efficiently serve the needs of today’s borrowers and lenders in real estate financing transactions.

This course is designed to teach you the updates to Federal Laws, including provisions of the Bank Secrecy Act related to detection and prevention of money laundering, requirements for delivery of the Integrated Disclosures, and general requirements for the Closing Disclosure, including revisions and corrections. We'll also explain how the CFPB supervises and examines financial service providers, and how to recognize types of mortgage fraud schemes and crimes. This course material is current with all laws and rules.

Topics Covered:

  • Describe provisions of the Bank Secrecy Act related to detection and prevention of money laundering
  • Understand where and how to file a Suspicious Activity Report (SAR)
  • Describe transactions that are covered by the TILA-RESPA rule
  • Describe requirements for delivery of the Loan Estimate and the Closing Disclosure
  • Explain the good faith requirement and tolerances
  • Understand requirements for revisions and corrections
  • FHA annual and upfront mortgage insurance premiums
  • The current FHA qualifying standards, including income and FICO requirements
  • Explain the process in which the CFPB handles consumer complaints and how a consumer can file a complaint through the CFPB database.
  • Describe types of mortgage fraud and how to recognize fraud schemes and crimes.
  • Recognize illegal business practices and understand how those practices could have changed in order to operate legally and ethically.
  • Through analysis of Case Studies, identify potential illegal activity in the mortgage marketplace.

We accept registrations all the way up to the course start time.

If the course date you want is listed as *SOLD OUT*, please call us to be placed on our waiting list. If we have any cancellations, students will be contacted and placed on the course roster based on the order they went on the waiting list.

Call us today with any questions

(239) 344-7510