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Course Syllabus
Welcome to our Washington SAFE Comprehensive Mortgage Loan Originator Course for 2016.
We are excited to assist you in furthering your mortgage career and are pleased you chose
Praedo Institute to satisfy your education requirements.
Course Purpose
This course is meant to satisfy the NMLS nine hour Washington mortgage loan originator
continuing education requirement for 2016. This course includes one hour of Washington
Mortgage Law.
Course Description
Our comprehensive course meets the NMLS Comprehensive CE requirement for Washington by
covering the following topics: four hours of Federal Law, two hours of Ethics and Loan Fraud,
two hours of the Nontraditional Mortgage, and one hour of Washington Mortgage Law.
Course Dates and Times
This course is offered for the 2016 license renewal period. The deadline to complete
Washington CE is December 14, 2016. In order to ensure proper reporting to NMLS, this course
must be completed by December 4, 2016.
Course Objectives
Upon completing this course, you should be able to do the following:
Explain why fair lending is an important compliance issue for mortgage companies;
Understand the federal laws related to fair lending;
Apply lessons learned in fair lending cases to your mortgage practice;
Analyze situations and properly evaluate them in the context of fair lending compliance;
Understand the definition of an MSA;
Apply the CFPB's stance on MSAs to real life situations;
Identify a non-compliant MSA according to RESPA And CFPB guidance;
Understand what constitutes loan fraud;
Grading Policy
The course consists of slides mixed with comprehension questions. Each individual quiz
question is timed for 30 seconds. If you do not answer the quiz question within the allotted
time, the course will time out. At this point, you will be redirected to your dashboard and upon
re-opening the course, you will be required to repeat the section prior to the quiz question.
Each chapter includes a chapter quiz. At the end of the final part, you will be required to take
and pass a comprehensive final exam. This course is timed as an nine hour course. You must
complete the parts, in order, to progress through the course. You must answer all of the
comprehension questions correctly and score 80 percent on all quizzes and tests to receive
credit for the course. You may retake course quiz questions until you pass, but you are allowed
only 10 retakes of the course final.
Course Policies
Each student is required to submit an Identity Affidavit. By confirming the attestation, the
student certifies that the course work was or will be completed by the person for whom the
certificate will be issued. The student further certifies that they did not or will not receive any
assistance in completing the course. The submission of a completion certificate for a course
they did not complete themselves may constitute fraud on the students part and is subject to
prosecution and/or discipline.
Technical Support
As our course is entirely online, we do offer live technical support via telephone, email, and
chat from 8:30am to 5:00pm Mountain Time on regular business days. After hours, holiday,
and weekend support is available 365 days a year via email from 9:00am to 10:00pm Mountain
Time. Our mailing address is 42 North, 200 East, Ste. 3, American Fork, UT 84003. Our
telephone number is 801-492-9933 and our support email is support@praedo.com.
Recent Cases
RESPA Enforcement Chapter 1: Chapter One reviews cases involving Wells Fargo/Chase and
Lighthouse Title. It consists of the following sections:
Introduction
Wells Fargo/Chase CFPB Settlement
Lighthouse Title CFPB Settlement
RESPA Enforcement Chapter 2: Chapter 2 reviews the CFPB Compliance Bulletin and several
hypothetical examples that apply. It consists of the following sections:
CFPB Compliance Bulletin
Case Study
Case Study
Loan Fraud 2016 Chapter 2: Chapter Two will review loan fraud statistics and SARS reporting.
It consists of the following sections:
Loan Fraud Statistics
Types of Fraud
Mortgage Fraud Case Studies
SARs Reporting
Anti-Money Laundering Rule
SARs Rule Reporting Requirements
Refinances
Energy Efficient Mortgage
Credit
Income
Reservists, National Guard & Active Duty Applicants
Helpful Hints for Reviewing the Military LES
VA Education Benefits
Rental Income for 2-4 Unit Properties
Debt to Income Ratio (DTI)
Residual Income
Special Instructions for using Tables
Residual Income Calculation
Power of Attorney (POA)
Alive and Well Status
VA Loan Fees
Seller Concessions
Purchase Agreement Escape Clause
Case Study
Course Evaluation: Students will be allowed to give feedback regarding the course.
Course Schedule
This course consists of the four parts outlined below. The requirements for each part are listed
with the approximate time needed to complete each learning module. This course meets the
minimum time requirement of 50 seat minutes for each clock hour the course is approved. This
course is approved as a nine hour course and must be completed in its entirety in order for you
to receive credit.
Good Luck
Once again, thank you for choosing Praedo Institute. Your success is extremely important to us.
Please let us know if we can be of assistance at any time. Enjoy the course!
Reading
Assignments Due
Instruction Time
Allocation (Minutes)
Instructions
10
Department of Justice
Quiz Question
Consumer Financial
Protection Bureau
Quiz Question
Quiz Questions
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Equal Credit
Opportunity Act
When You Apply for
Credit
When Deciding to
Grant Credit
You Also Have the
Right to
If a Creditor has
Discriminated Against
you
Types of
Discrimination
Quiz Question
Overt Discrimination
Quiz Question
Disparate Treatment
Quiz Questions
Disparate Impact
Quiz Questions
N/A
Chapter Quiz
Home Mortgage
Disclosure Act
Quiz Question
Quiz Question
HMDA Data
Quiz Question
Quiz Question
Case Study #1
Quiz Questions
Case Study #2
Quiz Questions
Case Study #3
Quiz Questions
Recent Cases
Quiz Questions
24
N/A
Chapter Quiz
N/A
Course Final
10
Quiz Question
Quiz Questions
25
Quiz Questions
17
Chapter Quiz
Quiz Questions
Quiz Question
32
Introduction
Wells Fargo/Chase
CFPB Settlement
Lighthouse Title CFPB
Settlement
N/A
CFPB Compliance
Bulletin
Case Study
RESPA Enforcement
Chapter 2
RESPA Enforcement
Chapter 2
N/A
Chapter Quiz
N/A
Course Final
Introduction
Types of Fraud
Case Study
N/A
Loan Fraud Statistics
Types of Fraud
Mortgage Fraud Case
Studies
SARs Reporting
Anti-Money
Laundering Rule
SARs Rule Reporting
Requirements
N/A
Quiz Question
Quiz Questions
Quiz Questions
Chapter Quiz
Quiz Question
Quiz Question
6
27
11
5
4
4
Quiz Question
Quiz Questions
12
Quiz Questions
Quiz Questions
17
Course Final
10
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
What is a VA Home
Loan?
VA Loan Features
Eligible Loan Purposes
Property Eligibility
Occupancy
Requirements
Who has Jurisdiction
over the Lender?
Types of Approval
Authority Granted to
Lenders
Basic Entitlement and
the Amount of Loan
Guaranty
Who is Eligible for a
VA Home Loan?
How to Document
Eligibility and
Entitlement
VA Lender Resources
What is Restoration
of Entitlement?
Clearing Loans Listed
as Unpaid on the COE
Back-to-Back Closings
VA Guaranty
Calculation
Joint Loans
Case Study
Maximum Loan-ToValue
Maximum Loan
Amount
Funding Fee
Appraisals
Quiz Question
Quiz Question
Quiz Question
Quiz Question
1
1
2
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Questions
1
5
Quiz Question
Quiz Question
Quiz Question
Quiz Question
1
1
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
VA Home Loans
Minimum Property
Requirements
Refinances
Energy Efficient
Mortgage
Credit
Income
Reservists, National
Guard & Active Duty
Applicants
Helpful Hints for
Reviewing the Military
LES
VA Education Benefits
Rental Income for 2-4
Unit Properties
Debt to Income Ratio
(DTI)
Residual Income
Special Instructions for
using Tables
Residual Income
Calculation
Power of Attorney
(POA)
Alive and Well Status
VA Loan Fees
Seller Concessions
Purchase Agreement
Escape Clause
Case Study
N/A
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
Quiz Question
1
3
1
Quiz Question
Quiz Question
Course Final
5
5
Quiz Questions
Quiz Question
Prohibited Practices
Quiz Question
Managing Broker
License Requirements
Quiz Question
Quiz Question
Disciplinary Action
Quiz Questions
N/A
Chapter Quiz
More Prohibitions
Quiz Questions
10
Case Study
Quiz Question
N/A
Chapter Quiz
Course Final
N/A
Course Evaluation
N/A
Comprehensive Final
Exam
Evaluation
20
5