Annual MLO Training & SAFE Act Compliance

Date:

Oct 2, 2024

Register

Live Webinar: 90 Minutes

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.

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.

Agenda

October 2, 2024
Webinar begins - 11:00 AM EST

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
Topics

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
Speaker(s)

Susan Costonis
Compliance Training & Consulting for Financial Institutions

Additional Information

WHO SHOULD ATTEND?

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

Fees

Live : $510.00
OnDemand: $510.00
Live + OnDemand: $750.00

Association Contact

AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380