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7/28/2019 Syllabus SAFE 20 Hour Mississippi Comprehensive PE
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20 Hour Mortgage Loan Originator Mississippi SAFE Comprehensive Course
Course Syllabus -- 7 Day
(14 Day Schedule included at the bottom of this document)
Welcome to our Mississippi 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 for the state of Mississippi. This course will also help to prepare you for the National
SAFE Mortgage Loan Originator Exam.
Course Description
Along with the 16 hours of SAFE required education, this course includes 4 hours of Mississippi
Law as well as information related to loan qualification and the loan process. This course
satisfies the Mississippi SAFE requirement. Included in this course are: 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 theindividual 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 SAFE Mortgage Loan Originator Exam.
Grading Policy
Most of the sections in this course consist of slides mixed with comprehension questions. Eachchapter 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 course
section final exams with a score of 80 percent in order to receive credit for the course. 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 this 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,
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and weekend support is available 365 days a year via email from 9:00am to 10:00pm
Mountain Time. Our telephone number is 801-492-9933 and the support email is
[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 System
Once 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.
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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, thestudent 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 Act
Fair 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:
Loan Fraud Statistics Definition of Loan Fraud
Consequences of Fraud
Types of Fraud
Fraud Schemes
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Loan Fraud and Ethics Chapter 2: Chapter Two will review the requirements for mortgage
lenders and brokers regarding money laundering and loan fraud reporting. It consists of the
following sections:
Regulatory Agencies
SARs Reporting Anti-Money Laundering Rule
SARs Rule Reporting Requirements
SARs Statistics
SAR Scenarios
Case Study
Loan Fraud Case Study: The student will review information on the FBI's web site and answer
related 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.
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
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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
Advance Disclosure of Costs - Good Faith Estimate
RESPA Chapter 2: Chapter Two explains RESPAs kickback and referral fee provisions. It
consists of the following sections:
Eliminate Kickbacks and Referral Fees
Common RESPA Violations
RESPA 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 as
well 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
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Higher-priced Loans
TILA Chapter 3: Chapter Three covers loan officer compensation. It consists of the following
sections:
LO Compensation Rule
Payments Based on Transaction Terms Reducing LO Compensation on a Transaction
Other Compensation Issues
Final Rule and Official Staff Commentary
Safe Harbor
Presenting Loan Options
TILA Chapter 4: Chapter Four Covers the ability to repay and QM rule. It consists of the
following section:
Ability to Repay and QM Rule
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.
SAFE Part Three: Industry Basics (4 Hours)
Industry Chapter 1: Chapter One reviews the structure of the mortgage industry. It consists of
the 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 the
following sections:
Mortgage Industry Overview Purchase Transactions
Rate/Term Refinance
Cash-Out Refinance
Mortgage Categories
Conventional/Conforming
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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
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 to
FICO.
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.
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SAFE Part Four: Mississippi Law (4 Hours)
Mississippi Mortgage Law Chapter 1: Chapter One covers definitions and the SAFE Act. It
consists of the following sections: Exemptions
Bond Requirements
Licensing Requirements
Records
Annual Reports
Mississippi Mortgage Law Chapter 2: Chapter Two covers additional portions of the SAFE Act.
It consists of the following sections:
Office Requirements Prohibitions
Lock-In Fees
Advertising
Borrower Files
Escrow Accounts
License Suspension and Other Punishments
Mississippi Mortgage Law Chapter 3: Chapter Three covers the powers of the Commissioner. It
consists of the following sections: Penalties and Rights
SAFE Act Regulations
Equal Opportunity Credit Act
Enforcement Actions Case Study: The student will be directed to the Department's website
where they will review enforcement actions taken by the Department of Banking and Consumer
Finance. They will list three prohibited acts and explain what could be done for an individual to
avoid disciplinary action.
The student will submit their completed assignment to their instructor for grading
Course Final: 125 question course final covering all of the material in the course.
Course Evaluation: Students will be allowed to give feedback regarding the course.
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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. This course meets the minimumtime requirement of 50 seat minutes for each clock hour the course is approved. This course
is approved as a 20 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 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 (in minutes)
Day 1
SAFE 20 Hour Pre-
licensing CourseIntroduction
Introduction andSyllabus Submit OnlineAffidavit 10
SAFE Part One:
Consumer
Protection
Learning Activity
Welcome
Learning Activity
Instructions
Post an introduction
on the Discussion
Forum
10
Consumer Protection Chapters 1, 2, & 3Complete Chapter
Quizzes and Test100
Learning Activity
Consumer Protection
Learning Activity
Instructions
Post Information
regarding consumer
protection on theDiscussion Forum
10
Identity Theft Case
Study
Review information
on FTC's websiteComplete Quiz 10
Learning Activity
Identity Theft
Review information
on FTC's website
Post remarks on the
Discussion Forum10
Day 2
Fair Lending &
HousingChapters 1, 2, & 3
Complete Chapter
Quizzes and Test100
HUD Case StudyReview information
on HUD's websiteComplete Quiz 10
Learning Activity Fair
Housing
Review information
on HUD's website
Post a scenario on
the DiscussionForum
10
Loan Fraud & Ethics Chapters 1 & 2Complete Chapter
Quizzes and Test100
Loan Fraud Case
Study
Review Information
on FBI's websiteComplete Quiz 10
Learning Activity
Loan Fraud & Ethics
Internet search for
loan fraud examples
Report findings to
instructor15
Day 3
SAFE Part Two:
Federal Law
Non-traditional
Mortgage Products
Chapters 1 & 2Complete Chapter
Quizzes and Test90
RESPA Chapters 1, 2, & 3Complete Chapter
Quizzes and Test100
Learning Activity
RESPAN/A
Post a comment on
the Discussion
Forum regarding
RESPA
10
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Day 4
TILA Chapters 1, 2, 3, & 4Complete Chapter
Quizzes and Test110
Learning Activity
TILA
Internet search for
trigger terms
Report findings to
instructor 15
Day 5
SAFE Part Three:
Industry Basics
Industry
Chapters 1 & 2Complete Chapter
Quizzes and Test100
Loan Process:
QualificationChapters 1, 2, & 3
Complete Chapter
Quizzes and Test100
FICO Scores Case
StudyReview credit scores Complete Quiz 10
Learning Activity
Credit ReportReview credit scores
Post a comment on
the Discussion
Forum regarding
credit scores
10
Learning Activity
Loan Process:
Qualification
N/A
Complete an
assignment based on
qualification
calculations and
submit to instructor
15
Day 6
SAFE Part Four:
Mississippi Law
Mississippi
Mortgage Law
Chapter 1Complete Chapter
Quizzes and Test50
Mississippi
Mortgage Law
Chapter 2Complete Chapter
Quizzes and Test
60
Day 7
Mississippi
Mortgage LawChapter 3
Complete Chapter
Quizzes and Test90
Enforcement Actions
Case Study
Enforcement
Action information
on Department's
website
Submit review of
enforcement
actions to
instructor
20
Course Final N/A Complete Exam 20
Evaluation N/A Complete evaluation 5
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Course Outline and Schedule - 14 Day
Schedule Topics and Activities Reading Due Assignments DueInstruction Time
Allocation (in minutes)
Days 1-2
SAFE 20 Hour Pre-
licensing CourseIntroduction
Introduction andSyllabus Submit OnlineAffidavit 10
SAFE Part One:
Consumer
Protection
Learning Activity
Welcome
Learning Activity
Instructions
Post an introduction
on the Discussion
Forum
10
Consumer Protection Chapters 1, 2, & 3Complete Chapter
Quizzes and Test100
Learning Activity
Consumer Protection
Learning Activity
Instructions
Post Information
regarding consumer
protection on theDiscussion Forum
10
Identity Theft Case
Study
Review information
on FTC's websiteComplete Quiz 10
Learning Activity
Identity Theft
Review information
on FTC's website
Post remarks on the
Discussion Forum10
Days 3-4
Fair Lending &
HousingChapters 1, 2, & 3
Complete Chapter
Quizzes and Test100
HUD Case StudyReview information
on HUD's websiteComplete Quiz 10
Learning Activity Fair
Housing
Review information
on HUD's website
Post a scenario on
the DiscussionForum
10
Loan Fraud & Ethics Chapters 1 & 2Complete Chapter
Quizzes and Test100
Loan Fraud Case
Study
Review Information
on FBI's websiteComplete Quiz 10
Learning Activity
Loan Fraud & Ethics
Internet search for
loan fraud examples
Report findings to
instructor15
Days 5-6
SAFE Part Two:
Federal Law
Non-traditional
Mortgage Products
Chapters 1 & 2Complete Chapter
Quizzes and Test90
RESPA Chapters 1, 2, & 3Complete Chapter
Quizzes and Test100
Learning Activity
RESPAN/A
Post a comment on
the Discussion
Forum regarding
RESPA
10
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Days 7-8
TILA Chapters 1, 2, 3, & 4Complete Chapter
Quizzes and Test110
Learning Activity
TILA
Internet search for
trigger terms
Report findings to
instructor 15
Days 9-10
SAFE Part Three:
Industry Basics
Industry
Chapters 1 & 2Complete Chapter
Quizzes and Test100
Loan Process:
QualificationChapters 1, 2, & 3
Complete Chapter
Quizzes and Test100
FICO Scores Case
StudyReview credit scores Complete Quiz 10
Learning Activity
Credit ReportReview credit scores
Post a comment on
the Discussion
Forum regarding
credit scores
10
Learning Activity
Loan Process:
Qualification
N/A
Complete an
assignment based on
qualification
calculations and
submit to instructor
15
Days 11-12
SAFE Part Four:
Mississippi Law
Mississippi
Mortgage Law
Chapter 1Complete Chapter
Quizzes and Test50
Mississippi
Mortgage Law
Chapter 2Complete Chapter
Quizzes and Test
60
Days 13-14
Mississippi
Mortgage LawChapter 3
Complete Chapter
Quizzes and Test90
Enforcement Actions
Case Study
Enforcement
Action information
on Department's
website
Submit review of
enforcement
actions to
instructor
20
Course Final N/A Complete Exam 20
Evaluation N/A Complete evaluation 5
