NMLS COURSE DESCRIPTIONS
2020 Renewal for 2021 License – Live Class
Beginning 2020, Power Training will begin rotating course number 8026 and 10874 which will keep you from taking the same class two years in a row.
$150 per person, includes credit banking
NMLS Approved Course #8026
- Review mistakes made by Facebook with regard to discriminatory actions;
- Help borrowers understand and navigate loans for immigrants;
- Navigate the re-emergence of sub-prime/non-traditional mortgage programs;
- Navigate self employment required documentation for underwriting;
- Review of schedules A-C and 1-6;
- Identify the elements of a suspicious activity and how and when to file a SAR;
- Recall the requirements under TILA for advertising including triggering terms and how to create advertisements that meet compliance;
- Advise and make consumers aware of IC3, Internet Crime Complaint Center;
- Recognize RESPA violations and how to use social media in a way that doesn't land you in hot water;
- Gain specific guidance from VA on how to handle same sex applications;
- Learn the steps necessary to protect the social security numbers of minors, themselves and borrowers.
NMLS Approved Course #10874
- Identify irregularities for
identifications and know the many different types of cards. The student should be able to refer
back to the book in the event, they encounter an document they aren’t
accustomed to seeing.
- Know and share how to protect
the credit of minors and how to advise their clients that have children
under the age of 18 to freeze their credit profiles with credit bureaus.
- Understand the different types
of cybercrime that is trending and how to identify it. Companies have lost billions of dollars
in cybercrime through seemingly innocent emails that turn into virus’ also
known as Malware.
- Know how to protect their own
devices and help borrowers protect their devices and computers when receiving
sensitive documents from a lender to sign and return.
- Provide security on their
devices that they use to access borrower information. How to protect their phones from
robocalls and text messages that can put virus’ on their devices.
- Better understand the
progression of the good faith estimate disclosures to the loan estimates
used today. Have examples of
meeting disclosure timing and meeting tolerances for fees.
- Understand what Facebook did
that put them in HUD’s radar.
Students will see the initial charges and the final charges that
Facebook agreed to. Material will
cover HUD’s complaint and what HUD discovered as they investigated. The handout will be discussed which
covers the final allegations and fines imposed on Facebook.
- Know just how loans in “over
55” communities work and what law authorized its exemption of age under
Fair Housing. Student exercises
will give them the knowledge to properly advertise and understand the
exemption and how it works.
- Be able to avoid tolerance
violations with regard to funding fee percentages and what was struck from
the law to allow loan amount over conforming loan limit.
- Be informed on possible changes
to HUD’s policy with regard to condominium purchases and major changes to
the use of down payment assistance programs.
- The dangers of granular pricing
for loans with Mortgage Insurance and the possible chance for cures.
- Better explain to consumers how
mortgage insurance is cancelled and what possible overlays can apply to
their transaction. They will also
learn about the use of SMDU to obtain valuations whether applying for
“original value” or “current value”.
- Navigate the 2018 tax forms and
be exposed to a full review of Schedules 1 – 6 along where items from the
2017 return moved to. There will be
an additional handout of the life
size version of the return.
8 Hour ONLINE Renewal Courses
Online classes are offered in partnership with 123CEInc., Provider #1400019. To register, see courses tab.