8 Hour ID SAFE Comprehensive Mortgage Loan Originator

Course 2015
Course Syllabus
Welcome to our ID SAFE Comprehensive Mortgage Loan Originator Course for
2015. 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 2015 NMLS eight hour mortgage loan
originator continuing education requirement for the state of Idaho.
Course Description
Our comprehensive course meets the NMLS Comprehensive CE requirement
for Idaho by covering the following topics: three hours of Federal Law, two
hours of Ethics and Loan Fraud, two hours of the Nontraditional Lending, and
one hour of Idaho Mortgage Law.
Course Dates and Times
This course is offered for the 2015 license renewal period. The deadline to
complete Idaho CE is December 15, 2015. In order to ensure proper
reporting to NMLS, this course must be completed by December 5, 2015.
Course Objectives
Upon completing this course, you should be able to do the following:
Understand the implementation requirements of the Integrated
Disclosures Rule
Accurately complete the Loan Estimate
Explain the Loan Estimate to borrowers
Accurately complete the Closing Disclosure
Explain the Closing Disclosure to borrowers
Understand when a new Loan Estimate is required and/or allowed
Understand when a new Closing Disclosure is required and/or allowed
Understand the timing requirements associated with the Loan Estimate
and Closing Disclosure
Calculate closing dates based on Closing Disclosure requirements
Understand what constitutes loan fraud

Explain the anti-money laundering and Suspicious Activity Report

Recognize when a mortgage lender or broker would be required to file

a Suspicious
Activity Report
Understand and be able to explain mortgage insurance requirements
Recognize and understand the changes to the FHA handbook
Understand and comply with Idaho licensing requirements
Explain ways to stay compliant and avoid punishments and penalties
Use the rules and regulations to better serve mortgage borrowers

requirements

Grading Policy
The course consists of slides mixed with comprehension questions. At the
end of the course, you will be required to take and pass a final exam. This
course is timed as a one hour 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 be 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 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.
Using our System
Once you purchase the course and are logged into our system, you should
see a link to the course on your home page. This link will launch the course.
Please carefully review the introduction module for instructions on using our
online system.

Course Outline
This course consists of four parts, covering the following subjects: Federal
Law, Loan Fraud, Nontraditional Mortgage, and Idaho Mortgage Law.

ID Comprehensive SAFE CE 2015 Part 1: Federal Law

Introduction: This module will introduce you to our system. Adherence to
the advice and instructions offered in this module will greatly improve your
online education experience.
Federal Law Update 2015 Chapter 1: Chapter One includes a disclosure
rule overview. It consists of the following sections:
General Implementation
Timing Requirements
Federal Law Update 2015 Chapter 2: Chapter Two covers the Loan
Estimate. It consists of the following sections:
Loan Estimate Review
Federal Law Update 2015 Chapter 3: Chapter Three reviews
miscellaneous issues and a timing illustration. It consists of the following
sections:
Redisclosing and Tolerances
Changes of Circumstance
Timing
Lender Credits
Case Study
Federal Law Update 2015 Chapter 4: Chapter Four reviews the Closing
Disclosure. It consists of the following sections:
Closing Disclosure
Alternative Closing Disclosure
Delivery of the Closing Disclosure
Case Study
Federal Law Update 2015 Chapter 5: Chapter Five includes a
transaction scenario. It consists of the following section:
Timing Case Study

ID Comprehensive SAFE CE 2015 Part 2: Ethics and Loan

Fraud
Loan Fraud 2015 Chapter 1: Chapter One will introduce you to the
definition of loan fraud and different types of loan fraud. It consists of the
following sections:
Fraud for Housing
Fraud for Profit
Air Loan
Appraisal/Valuation
Assets
Employment
Identity Theft
Income
Non-Arms Length Transaction
Occupancy Fraud
Settlement Agent
Short Sale
Shot-Gunning
Straw Borrower
Undisclosed Debt
Affinity Fraud
Builder Bail-Out
Foreclosure Rescue
Loan Modification Scams
Reverse Mortgage Fraud
Case Study
Loan Fraud 2015 Chapter 2: Chapter Two will review loan fraud statistics
and SARS reporting. It consists of the following sections:
Loan Fraud Statistics
SARs Reporting
Anti-Money Laundering Rule
SARs Rule Reporting Requirements
Case Study

ID Comprehensive SAFE CE 2015 Part 3: Nontraditional

Lending
Nontraditional Mortgage Lending 2015 Chapter 1: Chapter One
discusses mortgage insurance. It consists of the following sections:

 Mortgage Insurance is NOT

Warn Your Borrowers!
Mortgage Insurance IS
PMI? MIP?
When Does PMI Disappear?
What is Right for Your Borrowers?
MI Should Always be Avoided Right?
Explain, Explain, Explain!
Nontraditional Mortgage Lending 2015 Chapter 2: Chapter Two covers
the new FHA 4000.1 Handbook. It consists of the following sections:
FHA 4000.1 Handbook Purpose
FHA 4000.1 Handbook Effective Date
Assets
Credit
Documents/Processing
Fees
Income/Employment
Insurance
Liabilities
Occupancy
Refinances
Streamline Refinances
Case Study

ID Comprehensive SAFE CE 2015 Part 4:

Idaho Mortgage Law Update 2015
ID Mortgage Law Update 2015 consists of the following sections:
Terms and Definitions
Continuing Education for the Industry (License Renewal and
Reinstatement)
Enforcement and Investigative Authority
Violations and Penalties
Practical Examples of Violations and Accompanying Penalties
Prohibited Acts and Practices
Unlawful Acts
Case Study
ID Comprehensive SAFE CE 2015 Course Final: 25 question final exam
covering all of the material discussed in the course.

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 an eight 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!

Course Outline and Schedule

Module

Reading

Assignments
Due

Instruction
Time Allocation
(Minutes)

ID Comprehensive SAFE CE 2015 Part 1: Federal Law

Introduction
Chapter 1
Chapter 1
Chapter 2
Chapter 3
Chapter 3
Chapter
Chapter
Chapter
Chapter

3
3
3
4

Chapter 4
Chapter 4
Chapter 4
Chapter 5

Instructions
General
Implementation
Timing
Requirements
Loan Estimate
Review
Redisclosing and
Tolerances
Changes of
Circumstance
Timing
Lender Credits
Case Study
Closing Disclosure
Alternative
Closing Disclosure
Delivery of the
Closing Disclosure
Case Study
Timing Case
Study

ROC &
Attestation

10

Quiz Questions

20

Quiz Questions

25

Quiz Questions

50

Quiz Questions

10

Quiz Questions

Quiz Question
Quiz Question
Quiz Questions
Quiz Questions

5
5
10
20

Quiz Question

Quiz Questions

10

Quiz Questions

15

Quiz Questions

20

ID Comprehensive SAFE CE 2015 Part 2: Ethics and Loan Fraud

Chapter 1
Chapter 1

Types of Fraud
Case Study

Quiz Questions
Quiz Questions

35
10

Chapter 2
Chapter 2
Chapter 2
Chapter 2
Chapter 2

Loan Fraud
Statistics
SARs Reporting
Anti-Money
Laundering Rule
SARs Rule
Reporting
Requirements
Case Study

Quiz Questions

Quiz Questions

15

Quiz Question

Quiz Questions

15

Quiz Questions

20

ID Comprehensive SAFE CE 2015 Part 3: Nontraditional Lending

Chapter 1
Chapter 1
Chapter 1
Chapter 1
Chapter 1
Chapter 1
Chapter 1
Chapter 1
Chapter 2

Chapter 2
Chapter 2
Chapter 2
Chapter 2

Mortgage
Insurance is NOT
Warn Your
Borrowers!
Mortgage
Insurance IS
PMI? MIP?
When Does PMI
Disappear?
What is Right for
Your Borrowers?
MI Should Always
be Avoided
Right?
Explain, Explain,
Explain!
FHA 4000.1
Handbook
Purpose
FHA 4000.1
Handbook
Effective Date
Assets
Credit
Documents/Proces

Quiz Question

Quiz Question

Quiz Question

Quiz Questions

10

Quiz Question

Quiz Question

Quiz Question

Quiz Question

Quiz Question

Quiz Question

Quiz Question
Quiz Question
Quiz Question

5
5
5

Chapter 2
Chapter 2
Chapter
Chapter
Chapter
Chapter

2
2
2
2

Chapter 2
Chapter 2

sing
Fees
Income/Employme
nt
Insurance
Liabilities
Occupancy
Refinances
Streamline
Refinances
Case Study

Quiz Question

Quiz Questions

10

Quiz
Quiz
Quiz
Quiz

Question
Question
Question
Question

2
3
2
3

Quiz Question

Quiz Questions

10

ID Comprehensive SAFE CE 2015 Part 4: Idaho Mortgage Law

Update 2015
ID Mortgage
Law Update
2015
ID Mortgage
Law Update
2015
ID Mortgage
Law Update
2015
ID Mortgage
Law Update
2015
ID Mortgage
Law Update
2015
ID Mortgage
Law Update
2015

Course
Introduction

Quiz Question

Terms and
Definitions

Quiz Question

Quiz Question

Quiz Question

Quiz Question

Quiz Question

Continuing
Education for the
Industry
Enforcement and
Investigative
Authority
Violations and
Penalties
Practical
Examples of
Violations and
Accompanying

Penalties
ID Mortgage
Law Update
2015
ID Mortgage
Law Update
2015
ID Mortgage
Law Update
2015

Prohibited Acts
and Practices

Quiz Question

Unlawful Acts

Quiz Question

Case Study

Quiz Question

Course Final

N/A

Comprehensive
Final Exam

25

Course
Evaluation

N/A

Evaluation