Annual MLO Training & SAFE Act Compliance

Five Steps to Annual MLO & SAFE Act Compliance

Compliance Human Resources Lending Senior Management

On-Demand Webinar

StreamedOct 2, 2024Duration60 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

Are you an MLO? Have you completed your annual training?

If not, this is the webinar for you. Besides addressing the required policies/procedures and the registration process, it will also include an overview of the federal MLO requirements in Regulation Z. In addition, you’ll learn the ins and outs of SAFE Act compliance. Join us to discover nine steps for the annual SAFE Act audit and five common danger zones.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Know who must be registered and understand which employees meet the definition of a “mortgage loan originator” and which are exempt
Conquer the steps that must be taken in the initial and subsequent registration process, including proper use of forms, criminal background checks, fingerprinting, and MLO registration submission
Verify the required policies, procedures, and compensation rules
Complete nine required steps for the annual audit
Understand that loan originators are required to receive periodic training commensurate with their day-to-day origination responsibilities
Identify and avoid five common SAFE Act violations

WEBINAR DETAILS

What does it mean to be a mortgage loan originator (MLO)? Are the MLOs at your financial institution following all the requirements? There are mandated registration procedures and a requirement to perform an annual independent audit. This webinar will address these rules, cover the SAFE Act requirements, provide an overview of the Loan Originator Compensation Rules, reveal five common SAFE Act violations, and offer nine steps for a SAFE Act audit. The concise summary of federal regulations that apply to mortgage lending will augment the overall MLO training requirements.

WHO SHOULD ATTEND?

This informative session is designed for Internal auditors, SAFE Act administrators, compliance officers, mortgage loan managers, and MLOs.

TAKE-AWAY TOOLKIT

SAFE Act FAQs issued by the CFPB
Links to exam procedures
SAFE Act compliance checklist
Template for a SAFE Act audit
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Presented By

Susan Costonis