syllabus safe 20 hour comprehensive pe combined

7/28/2019 Syllabus SAFE 20 Hour Comprehensive PE Combined

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20 Hour Mortgage Loan Originator SAFE Comprehensive Course

Course Syllabus -- 7 Day

(14 Day Schedule included at the bottom of this document)

Welcome to our SAFE Comprehensive Course. We are excited to assist you in furthering or

beginning your mortgage career and are pleased you chose Praedo Institute to satisfy your

education requirements.

Course Purpose

This course is meant to satisfy the 20 hour SAFE education requirement for mortgage originator

licensure. This course does not include any state specific content. Please contact us if you need

to license in a state which requires state specific content so we may ensure your compliance

with your state's requirements. This course will also prepare you for the National Component

of the SAFE Mortgage Loan Originator Exam including the UST.

Course Description

In addition to the SAFE required topics, you will find information related to loan qualification

and the loan process. This course includes discussion forums, interactive content, practice

questions, and live instructor support.

Course Dates and Times

This course begins on Tuesday at 8:00am mountain time and must be completed by midnight

on the session end date.

Instructor Contact Information

Once you register for the course, you will receive an email from the instructor assigned to your

course. The email will introduce your instructor as well as explain contact methods and

expected response times. All of our instructors are required to respond to student questions

within one business day of the receipt of your question. Your instructors personal email will be

included in the introduction email.

Course Objectives

Each of the individual modules in this course include learning objectives applicable to the

individual module itself. Our course is meant to give you an introduction to the mortgage

industry. Upon completing this course, you should be able to do the following:

Define basic mortgage terms; Perform mathematical calculations common to the mortgage industry; Explain certain mortgage concepts to potential borrowers;


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Comply with applicable federal laws related to the mortgage industry. You should also be able to pass the National Component of the SAFE Mortgage Loan

Originator Exam including the UST.

Grading PolicyMost of the sections in this course consist of slides mixed with comprehension questions. Each

chapter includes a chapter quiz, and most sections include a course final. You may view the

slides at your own pace, but you must answer all of the comprehension questions correctly and

score 80 percent on all quizzes to receive credit for the course. You must also pass the SAFE

practice exam with a score of at least 80 percent. Please remember, your course does include a

completion deadline.

Several of the modules also include case studies, which involve the completion of a certain

project. The details for the individual case studies are found in the course.

Our course also includes 8-10 learning activities. In each of the learning activities, you will be

required to either post comments on our discussion forum or email an assignment to your

instructor for grading. Instructions for the learning activities are included in the course.

Your course consists of four parts. At the end of each part, you will be required to submit an

assignment to your instructor. Your instructor will grade your assignment within one business

day of assignment submission. Once your instructor grades the assignment, your instructor will

allow you access to the next part of your course. The instructor reserves the right to delay your

advancement to the next part in the event you are progressing substantially faster than the

other students in that part.

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


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time. Our telephone number is 801-492-9933 and the support email [email protected].

Please note, our technical support staff will often be unable to answer content questions which

are more appropriately directed to your instructor.

Using our SystemOnce 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, each covering different aspects of the Secure and Fair

Enforcement for Mortgage Licensing Act of 2008 (SAFE Act).

SAFE 20 Hour Pre-licensing Course 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.

SAFE Part One: Consumer Protection (7 Hours)

Learning Activity Welcome: The student will follow the instructions to make a post about

themselves.

Consumer Protection Chapter 1: Chapter One covers the Gramm-Leach-Bliley Act. It consists of

the following sections:

Privacy Rule Safeguard Rule Pre-texting

Consumer Protection Chapter 2: Chapter Two covers the Do Not Call Rules. It consists of the

following sections:

Do Not Call Registry Do Not Fax Rules

Consumer Protection Chapter 3: Chapter Three covers the Red Flags Rule. It consists of the

following sections:

Definitions

Red Flag Rule Requirements Identifying Red Flags

Learning Activity Consumer Protection: The student will follow instructions to post

information on the discussion forum regarding consumer protection.
mailto:[email protected]:[email protected]:[email protected]:[email protected]


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Identity Theft Case Study: The student will review information on the Federal Trade

Commission's web site and answer related questions.

Learning Activity Identity Theft: After reviewing the information from the case study, the

student will follow instructions to post remarks on the discussion forum.

Fair Lending & Housing Chapter 1: Chapter One covers the Fair Housing Act, the Equal Credit

Opportunity Act, and the Home Mortgage Disclosure Act. It consists of the following sections:

Fair Housing Act Equal Credit Opportunity Act Home Mortgage Disclosure Act

Fair Lending & Housing Chapter 2: Chapter Two covers the Fair Credit Reporting Act and the

Fair and Accurate Credit Transaction Act. It consists of the following sections:

Fair Credit Reporting Act

Fair and Accurate Credit Transaction ActFair Lending & Housing Chapter 3: Chapter Three covers the governmental agencies who

participate in regulating the mortgage industry. It consists of the following sections:

Role of the Federal Reserve Role of the Federal Trade Commission Role of the Department of Housing and Urban Developments

Hud Case Study: The student will review information on the HUD web site and answer related

questions with regard to Fair Housing.

Learning Activity Fair Housing: After completing the HUD case study, the student will follow

instructions to post a scenario on the discussion forum.

Loan Fraud & Ethics 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:

Introduction to Loan Fraud Definition of Loan Fraud Consequences of Loan Fraud Types of Fraud

Loan Fraud and Ethics Chapter 2: Chapter Two will review popular loan fraud schemes and

loan fraud statistics. This chapter also discusses ways to detect fraud and licensee obligations

when it comes to loan fraud. It consists of the following sections:


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Common Loan Fraud Schemes Short Sale Fraud MARI Fraud Index

Loan Fraud Case Study: The student will review information on the FBI's web site and answerrelated questions with regard to fraud.

Learning Activity Loan Fraud & Ethics: The student will search the Internet for two examples of

loan fraud and report their findings to their instructor through the internal email system.

SAFE Part Two: Federal Law (5 Hours)

Non-Traditional Mortgage Products Chapter 1: Chapter One introduces the student to non-

traditional mortgage products. It consists of the following sections: Introduction to the Industry Definition of the Industry Product Overviews

Non-Traditional Mortgage Products Chapter 2: Chapter Two covers federal guidance of the

non-traditional mortgage industry. It consists of the following sections:

Interagency Guidance on Nontraditional Mortgage Product Risks Loan Terms and Underwriting Standards Portfolio and Risk Management Practices Consumer Protection Issues Statement on Sub-prime Mortgage Lending Predatory Lending Prepayment Penalties Reduced Documentation Payment Shock Workout Arrangements Consumer Protection Principles

RESPA Chapter 1: Chapter One introduces RESPAs provisions regarding disclosure of costs and

record keeping. It consists of the following sections:

Purposes of the Real Estate Settlement Procedures Act Scope of RESPA Exempt Transactions Definitions


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Advance Disclosure of Costs - Good Faith EstimateRESPA Chapter 2: Chapter Two explains RESPAs kickback and referral fee provisions. It

consists of the following sections:

Eliminate Kickbacks and Referral Fees

Common RESPA ViolationsRESPA Chapter 3: Chapter Three covers affiliated business arrangements and servicing

requirements set forth in RESPA. It consists of the following sections:

Affiliated Business Arrangements Servicing Issues

Learning Activity RESPA: The student will follow the instructions to post a comment on the

discussion forum regarding RESPA.

TILA Chapter 1: Chapter One introduces the Truth in Lending Act and includes definitions aswell as information on APR and advertising. It consists of the following sections:

Definitions Annual Percentage Rate Advertising Rules Trigger Terms Required Disclosures

TILA Chapter 2: Chapter Two covers disclosure and the right to cancel. It consists of the

following sections:

Disclosure Requirements Early Disclosures Early Disclosure and Closing Collecting Fees Changes During the Transaction Right of Rescission High-Cost Loans Additional Disclosures Higher-priced Loans

TILA Chapter 3: Chapter Three covers loan officer compensation. It consists of the following

sections:

Loan Originator Compensation and Steering Loan Originator Defined What transactions are covered? Prohibition One


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Prohibition Two Prohibition Three Safe Harbor Requirement One - Presenting Loan Options Requirement Two - Presenting Loan Options Requirement Three - Presenting Loan Options

Learning Activity TILA: The student will follow the instructions to search the Internet to find

mortgage ads which include trigger terms. They will complete an assignment and submit it to

their instructor through the internal email system.

SAFE Part Three: Industry Basics (4 Hours)

Industry Chapter 1: Chapter One reviews the structure of the mortgage industry. It consists ofthe following sections:

Structure of the Mortgage Industry The Primary Market The Secondary Market Mortgage Brokers Mortgage Lenders/Bankers Secondary Market Transactions The Capital Market

Industry Chapter 2: Chapter Two discusses the basic mortgage categories. It consists of thefollowing sections:

Mortgage Industry Overview Purchase Transactions Rate/Term Refinance Cash-Out Refinance Mortgage Categories Conventional/Conforming FHA - Federal Housing Administration Advantages of FHA Lending Higher Debt to Income Ratios Non-occupant Co-borrowers Disadvantages of FHA Lending VA Loans Rural Housing


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Construction Loans Jumbo/Non-Conforming Second Mortgage/HELOC Reverse Equity/HECM

Loan Process: Qualification Chapter 1: Chapter One covers pre-qualification. It consists of the

following sections:

Pre-qualification Down Payment Income Debts Credit

Loan Process: Qualification Chapter 2: Chapter Two explores file documentation. It consists

of the following sections: Assembling the File Income Documentation Acceptable Assets

Loan Process: Qualification Chapter 3: Chapter Three reviews credit reports. It consists of the

following sections:

Credit Reports Credit Scores

FICO Scores Case Study: The student will review credit scores and answer questions related toFICO.

Learning Activity Credit Report: The student will follow the instructions to post a comment on

the discussion forum regarding credit scores.

Learning Activity Loan Process: Qualification: The student will complete an assignment based

on qualification calculations and submit their work to their instructor through the internal email

system.

SAFE Part Four: Loan Process Part II & Math (4 Hours)


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Loan Process: Part II Chapter 1: Chapter One covers mortgage products. It consists of the

following sections:

Fixed Rate Mortgages Adjustable Rate Mortgages

Balloons HELOC - Home Equity Line of Credit Reverse Mortgages

Loan Process: Part II Chapter 2: Chapter Two covers appraisals. It consists of the following

sections:

Types of appraisals Cost Approach Income Approach Market Approach

Loan Process: Part II Chapter 3: Chapter Three covers the closing process. It consists of thefollowing sections:

Hazard Insurance Flood Insurance Mortgage Insurance Dropping Mortgage Insurance Title, Escrow and Closing Mortgages, Notes and Liens Title Insurance Policies

Learning Activity Loan Process: Part II: The student will review the types of loan products

discussed and follow the instructions to post a comment on the discussion forum and respond

to another student's post.

Math Chapter 1: Chapter One covers the types of problems contained on the S.A.F.E. national

exam outline. It consists of the following sections:

Interest Calculations Monthly Payments Interest Only Payments Down Payment Calculations

Math Chapter 2: Chapter Two covers loan to value ratios, debt to income ratios, and ARM

adjustments. It consists of the following sections:

LTV Calculations Debt to Income Ratios


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ARM AdjustmentsLoan Payment Case Study: The student will complete a series of math calculations.

The student will submit their completed assignment through the internal email system to theirinstructor for grading.

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. The scheduled days are

approximate as well, you are not required to follow the prescribed outline, but doing so would

allow you to complete the course in the allotted time frame. Please note that the times are

estimated, it may take you more or less time to complete the course material than specified in

this outline. Regardless of the time it takes you to complete this course, it is approved as a

twenty 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 any assistance at any time. Enjoy the course!


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Course Outline and Schedule - 7 Day

Schedule Topics and Activities Reading Due Assignments DueInstruction Time

Allocation

Day 1

SAFE 20 Hour Pre-

licensing CourseIntroduction

Introduction andSyllabus Submit OnlineAttestation 10 Minutes

SAFE Part One:

Consumer

Protection

Learning Activity

Welcome

Learning Activity

Instructions

Post an introduction

on the Discussion

Forum

5 Minutes

Consumer Protection Chapters 1, 2, & 3Complete Chapter

Quizzes and Test100 Minutes

Learning Activity

Consumer Protection

Learning Activity

Instructions

Post Information

regarding consumer

protection on theDiscussion Forum

10 Minutes

Identity Theft Case

Study

Review information

on FTC's websiteComplete Quiz 10 Minutes

Learning Activity

Identity Theft

Review information

on FTC's website

Post remarks on the

Discussion Forum10 Minutes

Day 2

Fair Lending &

HousingChapters 1, 2, & 3

Complete Chapter


HUD Case StudyReview information

on HUD's websiteComplete Quiz 10 Minutes

Learning Activity Fair

Housing

Review information

on HUD's website

Post a scenario on

the DiscussionForum

10 Minutes

Loan Fraud & Ethics Chapters 1 & 2Complete Chapter


Loan Fraud Case

Study

Review Information

on FBI's websiteComplete Quiz 10 Minutes

Learning Activity

Loan Fraud & Ethics

Internet search for

loan fraud examples

Report findings to

instructor20 Minutes

Day 3

SAFE Part Two:

Federal Law

Non-traditional

Mortgage Products

Chapters 1 & 2Complete Chapter


RESPA Chapters 1, 2, & 3Complete Chapter


Learning Activity

RESPAN/A

Post a comment on

the Discussion

Forum regarding

RESPA

10 Minutes


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Day 4

TILA Chapters 1, 2, & 3Complete Chapter


Learning Activity

TILA

Internet search for

trigger terms

Report findings to

instructor 20 Minutes

Day 5

SAFE Part Three:

Industry Basics

Industry



Loan Process:

QualificationChapters 1, 2, & 3

Complete Chapter


FICO Scores Case

StudyReview credit scores Complete Quiz 10 Minutes

Learning Activity

Credit ReportReview credit scores

Post a comment on

the Discussion

Forum regarding

credit scores

10 Minutes

Learning Activity

Loan Process:

Qualification

N/A

Complete an

assignment based on

qualification

calculations and

submit to instructor

20 Minutes

Day 6

SAFE Part Four:

Loan Process II &

Math

Loan Process Part II

Chapters 1, 2, & 3Complete Chapter


Learning ActivityLoan Process: Part II

Review types of loanproducts

Post a comment on

the DiscussionForum and comment

on another student's

post

10 Minutes

Day 7

Math Chapters 1 & 2 Complete Chapter


Loan Payment Case

Study

Complete math

calculations

Submit math

answers to

instructor

20 Minutes

Final Exam N/A Complete Final Exam 20 Minutes

Evaluation N/A Complete evaluation 5 Minutes


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Course Outline and Schedule - 14 Day

Schedule Topics and Activities Reading Due Assignments DueInstruction Time

Allocation

Days 1-2

SAFE 20 Hour Pre-

licensing CourseIntroduction

Introduction andSyllabus Submit OnlineAttestation 10 Minutes

SAFE Part One:

Consumer

Protection

Learning Activity

Welcome

Learning Activity

Instructions

Post an introduction

on the Discussion

Forum

5 Minutes

Consumer Protection Chapters 1, 2, & 3Complete Chapter


Learning Activity

Consumer Protection

Learning Activity

Instructions

Post Information

regarding consumer

protection on theDiscussion Forum

10 Minutes

Identity Theft Case

Study

Review information

on FTC's websiteComplete Quiz 10 Minutes

Learning Activity

Identity Theft

Review information

on FTC's website

Post remarks on the

Discussion Forum10 Minutes

Days 3-4

Fair Lending &

HousingChapters 1, 2, & 3

Complete Chapter


HUD Case StudyReview information

on HUD's websiteComplete Quiz 10 Minutes

Learning Activity Fair

Housing

Review information

on HUD's website

Post a scenario on

the DiscussionForum

10 Minutes

Loan Fraud & Ethics Chapters 1 & 2Complete Chapter


Loan Fraud Case

Study

Review Information

on FBI's websiteComplete Quiz 10 Minutes

Learning Activity

Loan Fraud & Ethics

Internet search for

loan fraud examples

Report findings to

instructor20 Minutes

Days 5-6

SAFE Part Two:

Federal Law

Non-traditional

Mortgage Products



RESPA Chapters 1, 2, & 3Complete Chapter


Learning Activity

RESPAN/A

Post a comment on

the Discussion

Forum regarding

RESPA

10 Minutes


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Days 7-8

TILA Chapters 1, 2, & 3Complete Chapter


Learning Activity

TILA

Internet search for

trigger terms

Report findings to

instructor 20 Minutes

Days 9-10

SAFE Part Three:

Industry Basics

Industry



Loan Process:

QualificationChapters 1, 2, & 3

Complete Chapter


FICO Scores Case

StudyReview credit scores Complete Quiz 10 Minutes

Learning Activity

Credit ReportReview credit scores

Post a comment on

the Discussion

Forum regarding

credit scores

10 Minutes

Learning Activity

Loan Process:

Qualification

N/A

Complete an

assignment based on

qualification

calculations and

submit to instructor

20 Minutes

Days 11-12

SAFE Part Four:

Loan Process II &

Math

Loan Process Part II

Chapters 1, 2, & 3Complete Chapter


Learning ActivityLoan Process: Part II

Review types of loanproducts

Post a comment on

the DiscussionForum and comment

on another student's

post

10 Minutes

Days 13-14

Math Chapters 1 & 2 Complete Chapter


Loan Payment Case

Study

Complete math

calculations

Submit math

answers to

instructor

20 Minutes

Final Exam N/A Complete Final Exam 20 Minutes

Evaluation N/A Complete evaluation 5 Minutes

syllabus safe 20 hour comprehensive pe combined

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