20 Hour Mortgage Loan Originator SAFE Comprehensive Course Number: 1013 Provider ID:

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1 20 Hour Mortgage Loan Originator SAFE Comprehensive Course Number: 1013 Provider ID: Day 1 Agenda (1.0 hour) Session 1 - Part I: (1.0 hour) Session 1 - Part II: (1.5 hours) Session 2: Mortgage Lending History and Perspective History of Mortgage Finance Mortgage Lending in the Global Economy The Mortgage Cycle Mortgage Lending History and Perspective The Players, Documentation and Terms o Agencies o Mortgage Types o Terms and Conditions o Mortgage Documents o Mortgage Qualification Terms o Other Common Terms Ethics in Mortgage Lending Key definitions Introduction to business ethics Ethical behavior Civil and criminal liability Code of Ethics Code of Conduct scenarios. 20 Hours Mortgage Originator SAFE Comprehensive AllRegs

2 Day 1 Agenda - continued (1.0 hour) Session 3 - Part I: Property and Ownership Rights Mortgagor and Mortgagee Rights and obligations Closing, Title and Recording Mortgages, Deed of Trust and Notes (1.0 hour) Session 3 - Part II: Mortgage Related Laws o RESPA o TILA (1.0 hour) Session 3 - Part III: (1.0 hour) Session 3 - Part IV: Other Laws and Regulations o ECOA o HMDA 7.5 total hours Day 1 Content Other Laws and Regulations o S.A.F.E. Act o Fair Credit Reporting Act o Fair and Accurate Credit Transitions Act 20 Hours Mortgage Originator SAFE Comprehensive AllRegs

3 Day 2 Agenda (1.0 hour) Session 4 - Part I: Conventional Mortgage Lending o Defining conventional lending o Conventional loan products o Status of conventional lending o Common conventional program features (1.0 hour) Session 4 - Part II: FHA Mortgage Lending o FHA Basics o FHA Loan Products (1.0 hour) Session 4 - Part III: FHA Mortgage Lending o FHA Required Disclosures o FHA Technology o FHA Maximum Loan Amounts o Mortgage Insurance Premiums (1.0 hour) Session 4 - Part IV: Reverse Mortgage Lending o The Reverse Mortgage Product o Structure of a Reverse Mortgage Product o Borrower Eligibility o Originator Responsibilities o Counseling Requirements 20 Hours Mortgage Originator SAFE Comprehensive AllRegs

4 Day 2 Agenda - continued (1.0 hour) Session 4 - Part V: VA Mortgage Lending o VA Mortgage Basics o VA Mortgage Disclosures o VA Loan Programs o VA loan limits and allowable seller concessions o Eligible property types o VA Loan Calculations (1.0 hour) Session 4 Part VI: RHDA Mortgage Lending o Guaranteed Rural Housing (GRH) Basics Approval Process Eligibility Regulatory and Quality Control GRH Automated Underwriting System o Related Resources (1.0 hour) Session 5: Mortgage Origination Best Practices The Originator Process o The Mortgage Originator o Referral Sources o The Application o Pre-qualification Basics brain storming sessions. (0.5 hour) Session 6: Marketing Mortgages Ethical Practices Laws Governing Marketing Activities o RESPA o TILA o Do Not Call Registry brain storming sessions. 7.5 total hours Day 2 Content 20 Hours Mortgage Originator SAFE Comprehensive AllRegs

5 Day 3 Agenda (1.0 hour) Session 7: Fair Lending Regulations Laws Liability Prohibited Practices Lender Responsibilities scenarios. (1.0 hour) Session 8: Processing and Closing Processing Workflow and Functions Verifications Effective Processing The Closing Process (1.0 hour) Session 9: Mortgage Underwriting Analyzing Risk Underwriting Basics Credit Scoring Risk-Based Underwriting (1.0 hour) Session 10: Secondary Marketing Secondary Market Balancing Investor and Borrower Needs Secondary Marketing Pricing and Best Execution Financial Intermediaries Secondary Marketing Risks Shipping and Delivery 20 Hours Mortgage Originator SAFE Comprehensive AllRegs

6 Day 3 Agenda - continued (1.0 hour) Session 11: Mortgage Fraud- Overview, History, Perspective Definition of Mortgage Fraud Identity Theft Types of Mortgage Fraud Sources of Mortgage Fraud Mortgage Fraud Prevention 5.0 total hours Day 3 Content 20 Hours Mortgage Originator SAFE Comprehensive AllRegs

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