EDUCATION CIRRICULUM
The following courses will be offered will be offered at the 2007
NAMB Annual Convention.
EDUCATION REGISTRATION
Register online when you register for the Convention!
• With your Convention registration, NAMB education courses
are complimentary for NAMB members. All courses are priced at $50
per CEU for non-members.
• If you are not registered for the Convention, all courses
are priced at $25 per CEU for NAMB members and $50 per CEU for non-members.
• Educational vouchers from Washington do not apply towards
education offered at the NAMB Annual Convention.
• Course size is limited. Advance registration is the only
way to guarantee a place in a specific course.
TILA
4 CEUs
Truth in Lending has basic information about Laws and Regulations
in general about Truth in Lending and Regulation Z in particular.
It also defines key terms including “creditor” and “finance
charge.” Finally, it covers what needs to be disclosed and
what exemptions and exclusions apply.
Ethics in Mortgage Lending
4 CEUs
Enron, Tyco, Adelphia. Today’s headlines are filled with companies
forced into bankruptcy, corporate officers going to jail, shareholder
lawsuits, ruined investor confidence and lost sales and customers.
In this environment, how can you arm yourself with the skills and
knowledge to positively impact both your corporation’s reputation
and its bottom line?
Ethics in Mortgage lending will help you to respond to the broad
range of challenges you face daily. In this course, you will obtain
the knowledge you need to make sound legal and ethical decisions.
Ethics in Mortgage Lending will train you to:
• Understand the industry’s laws, rules and regulations
that govern their behavior
• Respond to situations in a more effective, pro-active manner
• Employ both the Canon of Ethics and industry Best Practices
• Prevent ethical and legal lapses from occurring!
Don’t let you or your company be the next headline! Train
today to avoid risks and pitfalls yet seize business opportunities.
Ethics: An Introducation
2 CEUs
This course will provide the basic framework for ethical business
practices that should guide the daily interactions of all mortgage
professionals
• Brief overview of the mortgage industry’s laws, rules
and regulations and how they apply to your daily business
• A description of the Canon of Ethics and Industry Best Practices
RESPA
4 CEUs
This course provides study on RESPA, its Regulation “X”
and related policy statements.
Topics covered will include:
• The Good Faith Estimate and the Uniform Settlement Statement
• The importance of the HUD booklet “When Your Home
is On the Line”
• Open end credit
• How fraud resulted in the Mortgage Servicing Transfer section
of RESPA
• Servicing transfer procedures
• Defining a “thing of value” according to RESPA
in relation to kickbacks
• Describing an “Affiliated Business Arrangement”
(formerly “CBA”)
• Define a computerized loan origination
• Describe those conditions in which a company or individual
would be considered a bona fide provider of settlement services
• Define service release fee
• Explain the role of the Federal Reserve as it relates to
rule making
Introduction to Commercial Lending for the Residential
Lender
3 CEUs
This course will help brokers develop the basic knowledge and skills
in commercial lending that are required to originate, process and
understand the nuances of commercial lending as compared to residential
lending.
Upon completion of the Small Commercial Lending for the Residential
Mortgage Broker course, participants should be able to:
1. Explain the difference between commercial and residential lending
2. Explain why commercial lending increases lending opportunities
for brokers
3. Identify general funding resources for commercial lending
4. Define small versus large commercial loans
5. Understand basic commercial loan application requirements
6. Prescreen property types for acceptability as collateral
7. Prescreen borrowers for qualification as a borrower or guarantor
8. Name at least two commercial lending programs
9. Explain the difference in compliance issues relative to commercial
lending
10. Analyze Net Operating Income, Debt Service Coverage Ratio, Capitalization
Identity Theft
2 CEUs
This new course will discuss examples of identity theft, how to
identify risks for identity theft and how to prevent identity theft
during the process of mortgage origination.
Introduction to Credit Scoring
2 CEUs
This course will provide you with an introduction to credit scores
and how they are used in the mortgage origination process.
Shedding Light on Credit Scoring
4 CEUs
This course provides you with a basic understanding of credit scores
and gives a set of risk factors used in determining the score. It
includes a discussion of FICO bureau scores and MDS bankruptcy scores,
evaluating a score to industry guidelines and compensating factors.
Reverse Mortgages
2 CEUs
Reverse mortgage program for people 62 and older. This course will
show you how to offer alternative financial solutions to your established
customers that enables them to receive payouts from the built up
equity in their home. This course is generously provided by Wells
Fargo.
Shut the Door on Fraud
4 CEUs
“Shut the Door on Fraud” was developed to assist lenders
in understand the common inconsistencies found in fraudulent loans.
The seminar identifies typical contributing factors and types of
fraud while defining fraud-for-profit schemes. These issues are
related to the Loan Application (1003), tax returns as well as Full
and Timesaver Documentation. Finally, the text includes a variety
of investigative resources to help lenders combat fraud. This seminar
will help you decrease your default rate by raising your associates’
awareness of fraud. This course is generously provided by GenWorth.
Residential Mortgage Lending I
2 CEUs
RML, Residential Mortgage Lending, is a comprehensive series of
short courses that covers the core knowledge and business skills
of the mortgage professional. RML I is the first course in this
series. The topics covered will include:
• An overview of the Mortgage Industry
• Types of mortgage loans
• Mortgage origination and regulations
Residential Mortgage Lending II
2 CEUs
RML II is the second in the core series Residential Mortgage Lending.
The topics covered will include:
• Pre-Qualifying the Borrower
• Taking the residential loan applications (1003)
• Underwriting standards
ABCs of FHA
8 CEUs
This course covers: How to properly and accurately originate and
FHA loan, accurately preparing a Good Faith Estimate with allowable
closing costs, MIP and calculating maximum mortgage amounts. Learn
“loan underwriting” and “subject property”
lending criteria, processing the FHA loan forms, automate by using
technology, marketing ideas for FHA loans to maximum profits, current
HUD compliance and regulatory issues and hands-on case studies and
practice scenarios.
INFORMATION
• Students must check with their state regulators to confirm
acceptance of NAMB CEUs for continuing education requirements.
• Classes will be held at the Sheraton Seattle Hotel &
Towers and the Washington State Convention and Trade Center. Please
see schedule online for location details.
• All students must present photo identification, such as
drivers license, upon course check-in.
• Registered students must arrive at least 15 minutes prior
to course start time for check-in.
• Registered students that arrive late for check-in may lose
their space in the course.
• Registered students arriving more than 15 minutes late to
a class will not be grated CEUs for the course.
• Registered students arriving more than 30 minutes late to
a class will not be granted admittance to the classroom.
• Students registering on-site may pay by credit card only.
• Certificates will be distributed on-site at the Certification
Kiosk located in the Convention registration area. Certificates
will be available for printing on-site 24 hours after the end of
the course.
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