Annual MLO Requirements & SAFE Act Compliance

Compliance Human Resources Lending Senior Management

On-Demand Webinar:

StreamedOct 18, 2023Duration90 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

When is your next annual independent audit?

Are your MLOs properly registered? Are you in compliance with the SAFE Act? Is MLO compensation within the guidelines? Register for this webinar to get the answers to your MLO questions, receive expert insight, and garner multiple take-away tools.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Know which employees must be registered, which meet the definition of mortgage loan originator (MLO), and which are exempt
Verify the steps in the initial and subsequent registration process, including proper use of forms, criminal background checks, fingerprinting, and submission of MLO registrations
Confirm the required policies and procedures and compensation rules
Complete nine required steps for the annual audit
Understand the periodic training requirements which are commensurate with an MLO’s day-to-day origination responsibilities
Review the scope of federal regulations for MLOs

WEBINAR DETAILS

What does it mean to be a mortgage loan originator today? There are mandated requirements for registration procedures and 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, and offer nine steps for the SAFE Act audit. A concise summary of federal regulations that apply to mortgage lending will augment the overall MLO training requirements covered.

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