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NMLS Approved Provider

 
Washington Loan Originator and Designated Broker License Renewal & Continuing Education Courses

Convenient and Accredited
ProSchools' convenient Internet-based courses, approved by the Washington Department of Financial Institutions (DFI), meets the continuing education requirement.

After enrolling, your online table of contents acts as your roadmap for completing the coursework, and highlights the information most critical for you to know. Practice quizzes are available via computer to help reinforce vital information. Plus, our Customer Support team and your instructor are always here to help you along.

SAVE 10% On Continuing Education
Washington Mortgage Lending Continuing Education 0 hours selected
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Title (click for details) Hours Format Price  
Mortgage Lending Fraud Unmasked 6 Online
$69.00
Mortgage Lending Ethics: Truth or Dare 6 Online
$69.00
Truth In Lending Act: Tricky Trigger Terms 4 Online
$59.00
ABC's of Mortgage Lending 4 Online
$49.00
FHA Loans Explained 4 Online
$59.00
Credit Scoring: Have You Made the Grade 3 Online
$49.00
Federal Laws and Rules for Loan Originators 3 Online
$49.00
Ethics: Fraud, Consumer Protection and Fair Lending* (Satisfies Ethics requirement for your 2010 renewal) 3 Online
$49.00
Lending Standards: Nontraditional Mortgage Products (Applies Only to Loan Originator CE) 2 Online
$39.00
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*Course satisifies the ethics requirement for the 2010 renewal.

Washington Mortgage Loan Originator Requirements

  • Loan originators licensed by July 30, 2009 must complete 8 hours of continuing education by December 31, 2009. Two of those hours must be in ethics* and include the topics of fraud, consumer protection and fair lending. CE is eligible to meet the prelicense requirement if the CE is DFI-approved. Licensees
    must submit proof of no less than 20 hours of DFI-approved CE by 5/31/2010.
  • Loan originators licensed on or after July 31, 2009 must complete 20 hours of NMLS-approved prelicense education by December 31, 2009.

Washington Designated Broker Requirements

  • Designated Brokers licensed by July 30, 2009 must complete 3 approved continuing education courses that are a minimum of 3 hour each by December 31, 2009. One of the three courses must be in ethics* and include the topics of fraud, consumer protection and fair lending.
  • Designated Brokers licensed on or after July 31, 2009 must complete 20 hours of NMLS-approved prelicense education by December 31, 2009.

Affordable and Comprehensive
All the learning tools you need—included with the course fee:

  • Interactive online program with learning reviews, quizzes, and a final exam. ProSchools' exclusive program helps you review each section of the course and assess your mastery of the material.
  • Personalized help when you need it from ProSchools’ instructors and course consultants. Just contact our Customer Support team.

 
Mortgage lending practices came under close scrutiny by federal and state governing agencies in recent years. Tighter guidelines to protect consumers resulted, along with larger penalties for violators. this course analyzes motivations for and how to recognize fraud schemes and predatory lending practices. Flipping, equity skimming and fraudulent schemes used by mortgage brokers, real estate agents, appraisers and builders are highlighted. Proactive steps to take to reduce the possibilities of fraud in the industry are provided.
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 Providing services with principled morals and the consumer's best interest at heart ensures you, as a mortgage lender, will be in business for a long time. This course begins with an overview of ethics and how to build high integrity processes in to your sales and marketing processes. Predatory lending practices are reviewed as well as actions the borrower and lender can take to ensure high standards in the industry.
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 If you are in the mortgage industry, you can't afford NOT to take this course! Designed to help those in the mortgage lending profession understand the Truth in Lending Act (TILA), especially in relation to advertising, you will explore specific information about transactions that are and are not covered, the borrower's right of rescission, administrative enforcement and lender liability, the basic principles of advertising, trigger terms and accuracy, compliance, and liability for violations.
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 Do you understand—really understand—how the professional world of mortgage lending works? Learn the ABC’s of mortgage lending! This powerful online course is filled with practical insight into this specialized and often confusing industry. Each chapter is filled with practical information. You’ll look at the differences between mortgage lending products, type of rates, all the steps involved in processing a loan application, and qualification principles for qualifying loan applicants. Whew!! A great course to help you better meet and evaluate the needs of your client.
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 Do you know the advantages of an FHA-insured loan? What are the drawbacks? What repair and inspection requirements are there for an insured FHA loan? In this practical introductory course, discover these answers and more. Plus, we'll bring you up-to-date on recent developments in FHA's popular insurance programs. Gain vital information that will improve your effectiveness throughout your professional career!
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 This user-friendly course provides a comprehensive look at the process a mortgage loan underwriter uses to assess risk associated with providing a mortgage loan to potential home buyers. You will also gain helpful insight into how a consumer could effectively raise their credit score and what a credit report looks like.
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 This course covers 3 hours of Federal laws and regulations topics required by the S.A.F.E. Act. This law requires all mortgage loan originators nationwide to complete, at least, "3 hours of approved education on Federal laws and regulations."
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 This course covers 3 hours of ethics requirement topics required by the S.A.F.E. Act. DFI requires a minimum of 2 hours of Ethics to renew.
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 DESIGNATED BROKERS MUST TAKE ONLY 3 HOUR COURSES! ONLY LOAN ORIGINATORS MAY TAKE THIS COURSE FOR CREDIT! This course covers 2 hours of nontraditional mortgage products requirement topics required by the S.A.F.E. Act.. This law requires all mortgage loan originators nationwide to complete, at least, "2 hours of approved education on lending standards for the nontraditional mortgage product marketplace."
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