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S.A.F.E. Mortgage Licensing Act – Regulation G (Federal)

via Coursera

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Details

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Provider

Coursera
Pricing

Paid Course
Languages

English
Certificate

Certificate Available
Effort

3 weeks, 1 hour a week
Sessions

Self-Paced
Level

Beginner
Subtitles

English

Found in

Consumer Protection Courses

Part of

Anti Money Laundering and Transaction Compliance

Overview

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As mortgage compliance requirements become increasingly complex, understanding the SAFE Act and Regulation G is critical for mortgage professionals, compliance teams, and financial institutions. This course provides practical, real-world training on mortgage loan originator (MLO) registration requirements, helping you confidently manage federal compliance obligations and support consumer protection in mortgage lending. You’ll learn how the SAFE Act establishes accountability standards in the mortgage industry, identify who qualifies as an MLO under Regulation G, and understand important exclusions to registration requirements. Through interactive exercises, scenario-based learning, and guided self-assessments, you’ll gain hands-on knowledge of the Nationwide Multistate Licensing System (NMLS), including registration, annual renewal, and unique identifier requirements. The course also explores institutional responsibilities such as compliance policies, background checks, monitoring systems, and independent testing procedures that employers must maintain. By the end of this course, you will be able to apply SAFE Act and Regulation G requirements, oversee MLO registration processes, and strengthen your institution’s mortgage compliance program with confidence. Enroll today to build expertise in mortgage licensing and regulatory compliance.

Syllabus

The S.A.F.E. Act and MLO Definitions

This module builds the regulatory foundation learners need before they can navigate MLO registration and compliance with confidence. It begins with an overview of the course and then moves into the core of the SAFE Act: why Congress enacted a nationwide registration system, how the dual-track framework splits between federal registration (Regulation G for depository institutions) and state licensing (Regulation H for non-depository originators), and the role of the NMLS as the central registry. From there, learners explore the Regulation G definition of a mortgage loan originator — the two-prong test, the activities that trigger registration, and the roles that are excluded. The module introduces the key concepts of federal registration and unique identifiers, preparing learners for deeper application in the next module. By the end of this module, learners will be able to describe the SAFE Act's purpose, distinguish between federal and state tracks, identify who qualifies as an MLO, and explain the foundational elements of federal registration.

Institutional Responsibilities, Federal Registration, and Practical Application

Building on the foundational knowledge from Module 1, this module shifts focus from individual MLO knowledge to how institutions operationalize SAFE Act compliance in practice. It begins with the organizational duties that Regulation G imposes on federally regulated employers: the written policies and procedures institutions must establish, background check and criminal history requirements, ongoing monitoring of MLO conduct and registration status, and annual independent testing of the compliance program. Learners then explore how these institutional responsibilities are carried out in practice through the NMLS registration process, including unique identifiers and timing requirements, with a focus on correct usage, common errors, and compliance risks. The module then moves to practical application, where a video demonstration shows correct and incorrect NMLS identifier usage across real-world touchpoints, a step-by-step scenario walks through handling a compliance gap, and formative assessments test whether learners can apply their knowledge to realistic situations. By the end of this module, learners will be able to describe institutional compliance obligations and confidently apply registration and identifier requirements in real-world scenarios.

Final Assessment and Wrap-Up

This module brings the course to a close by assessing cumulative knowledge and equipping learners with resources for continued reference. The final assessment measures understanding across all course objectives — from the SAFE Act's purpose and the MLO definition through NMLS registration, unique identifiers, and institutional compliance obligations. Following the assessment, learners receive a consolidated summary of the course's key principles and an action-oriented checklist to bridge learning to on-the-job application. This module ensures learners leave the course not only having demonstrated competency but also with clear next steps for applying SAFE Act and Regulation G knowledge in their daily roles.