Continuing Education for Loan Officers

Continuing Education Units (CEU), Courses, and Credits for Loan Officers

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 has implemented a number of continuing education courses for loan officers. Some of these courses include work on lending standards, federal regulations, history, and other topics. More information about these courses is include below.

Continuing Education Courses for Loan Officers in History

History courses for mortgage loan officers may cover general education topics, some of which may include:

  • Sales tools
  • Taxes
  • Refinance loans
  • Rate sheets
  • Credit scores
  • Tax considerations
  • Tax scenarios

These courses are good for new loan officers or as refresher courses for veteran loan officers. Students learn about new laws, news in the industry, and other information.

Continuing Education Courses for Loan Officers in Lending Ethics

It is important for mortgage loan officers to be well-versed in lending ethics and ethical practices in order to avoid fraud and protect consumers. Students may look at fraud and how to report it, including false advertising. They must also learn how to best explain mortgage products and services to customers ethically in order to avoid confusion or hidden costs.

Continuing Education Courses for Loan Officers in Federal Legislation

Continuing education courses in regulations are important for mortgage loan officers in order to ensure that they are up to speed on new laws that affect the mortgage lending business. These laws may also change the loan officers job responsibilities, so it is important that they are followed and learned in order to avoid noncompliance penalties. Some regulations that may be covered include:

  • Truth-in-Lending Act
  • Patriot Act
  • Todd-Frank Financial Reform Act
  • Real Estate Settlement Procedures Act

Continuing Education Courses for Loan Officers in Lending Standards

It is also important to learn about lending standards and basics. This includes the different types of mortgage loans and their requirements. Students will also need to learn how to make appropriate calculations, necessary paperwork, and payment information in order to better inform their clients.

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