Content Outline
I.
Federal mortgage-related laws
A. SAFE Act
B. RESPA
C. Equal Credit Opportunity Act (Reg. B)
D. Truth-in-Lending Act
E. Other federal Laws and Guidelines
II. General mortgage knowledge
A. Life of a mortgage
B. Mortgage Programs
C. Mortgage Loan Products
D. Terms used in
the Operation of the Mortgage Market
III. Mortgage loan origination activities
A.
Application information and requirements
B. Qualification: processing and underwriting
C. Specific program guidelines
D. Closing
E. Financial calculations used in mortgage lending
IV. Ethics
Mortgage
Fraud defined
A. RESPA
B. Gramm-Leach-Bliley Act
C. Truth-in-Lending
Act
D. Equal Credit Opportunity Act
E. Appraisal
F. Fraud Detection, Reporting and Prevention
G.
Ethical Behavior