S.A.F.E. Act & Other Loan Originator Requirements

 Compliance/Regulatory  Lending/Collections

Registration and Pricing Information

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Registration Investment:
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$200 for Affiliates Non-PLP
Non-Affiliated Contact Leslie Poole

Program Description

The Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E.) is only one of the laws and regulations that employees who work in the mortgage department at the credit union have to be mindful of. The S.A.F.E. Act requires individual credit union employees who engage in residential mortgage loan origination to register with the Nationwide Mortgage Licensing System and Registry.

Even if you do not have to register under the S.A.F.E. Act, you are very likely covered by the similar requirements found in Regulation Z. In addition, there are certain restrictions and requirements related to appraisals, compensation, steering and approval and funding of loans. In this program, credit union compliance professional Mary-Lou Heighes will help you determine if your credit union must comply with the S.A.F.E. Act rules, and review the other regulatory requirements and restrictions

In this program you will:

  • Identify what credit unions and individuals it applies to
  • Identify what employees fall under the definition of “mortgage loan originator” for both the S.A.F.E. Act and Regulation Z
  • Understand the timing requirements for registering an employee upon hire and at termination
  • Learn what resources are available through the NMLS to help you comply with the SAFE Act
  • Understand the regulatory requirements related to  appraisals, compensation, steering, and approval and funding of loans

Program Length: 75 minutes

Who Should Attend

Credit union professionals that originate mortgage loans, especially in these positions:

  • VP of Lending
  • Mortgage loan officer
  • Mortgage loan processor
  • Compliance
  • Audit
  • Training

Meet The Presenter:

Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has been helping financial institutions with the development of compliance programs since 2000. She provides compliance training all over the country for various trade associations and financial institutions, and also speaks at numerous financial institution conferences throughout the country. Mary-Lou has been an instructor at regulatory compliance schools, and conducts dozens of webinars for organizations throughout the country.


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