2019 Washington + NMLS Mortgage Continuing Education Courses
Ready to get your Washington + NMLS Mortgage CE Requirements Completed for 2019? These are the courses that you will need for CE in the state of Washington.
OnCourse Learning (a partner to Praedo Institute) is NMLS approved in Washington for Mortgage CE!
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PLEASE NOTE: In order to meet the Washington continuing education requirements, you will need to take these courses below. NOTICE: If you purchase the 9 hour WA SAFE Comprehensive course, you DO NOT need to purchase the 1 hour WA Law Update course. The 9 hour WA SAFE Comprehensive course includes the required 1 hour of WA Law.
NMLS Requirements For 2019
9 Hour WA SAFE Comprehensive: Examining Industry Issues in Today
As the mortgage industry continues to evolve, mortgage loan originators must stay abreast of the topics most pertinent to their everyday business. Examining Industry Issues in Today’s Mortgage Market provides a review of relevant issues facing mortgage loan originators today, specifically those outlined by NMLS as required topics for continuing education. Students will examine provisions of the Real Estate Settlement Procedures Act, the Truth-in-Lending Act, and the TILA-RESPA Integrated Disclosure Rule, specifically rules for filling out the Loan Estimate and Closing Disclosure for both a fixed-rate and an adjustable-rate mortgage transaction. In addition, students will take a look at the new Uniform Residential Loan Application and provisions of the law related to money laundering in the mortgage industry. Finally, students will review mortgage laws and regulations specific to the state of Washington. This course is NMLS-approved for nine hours of continuing education required for Washington mortgage loan originators, as specified by the S.A.F.E. Mortgage Licensing Act and Washington law. Annual S.A.F.E. Act continuing education requirements for Washington loan originators include three hours of federal law, two hours of ethics, two hours of nontraditional mortgage lending, one hour of elective, and one hour of Washington-specific laws and regulations, for a total of nine hours.
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Starting at $134.00
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Washington Requirements for 2019
1 Hour WA SAFE: A Fresh Look at Washington Mortgage Law
This course will focus on the laws and rules that regulate mortgage loan originators doing business in Washington. In Module 1, students will examine the authority of the Washington Department of Financial Institutions, as well as required conduct for mortgage licensees, including the duty of good faith owed to consumers and notification and disclosure requirements. In Module 2, students will review prohibited practices for licensees, including practices prohibited by the Mortgage Broker Practices Act, as well as prohibited practices found in other areas of Washington law which pertain to mortgage loan originators. Students will also take a look at disciplinary action which may be taken when a licensee violates the law. This course satisfies the one-hour Washington-specific continuing education requirement for loan originators, as specified by Washington law.
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For a full course catalog, please visit our partner for all Mortgage CE at Courses.TrainingPro.com to enroll in your online course today!
Why are there additional Mortgage CE hours required in the state of Washington?
In addition to federal law, each state has the right to enact their own state specific laws and regulations, and this certainly applies within the mortgage licensing industry. While some states only require a few hours a year of additional mortgage CE hours, other states do not require any additional mortgage CE hours (above and beyond what the NMLS mandates).
Washington is one of the many states that has opted to enact their own layer of state specific laws and regulations within their local mortgage marketplace (in addition to the NMLS requirements), and these Washington state specific laws and regulations also require a yearly review similar to the yearly review courses required by the NMLS for mortgage licensing renewals.
As with most states that choose to enact their own laws within the mortgage industry, Washington’s state specific requirements for mortgage licensing are strictly designed to further avoid fraud, foster stronger ethics, and overall provide yet another layer of protection for Washington residents.