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IL Mortgage Originator 6-hr Pack-1
6 hours of Illinois Mortgage Originator Continuing Education
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The package include the following courses:
Deed: A deed is one of the most common instruments of title conveyance and all real estate professionals need a clear understanding of a deed’s use and purpose.
Titles and Records: Recording real property documents in the public record gives the public access to information they may need in order to clarify the condition of the title to a property. The simple process of recording helps trace the history of the title by tracking past and current owners of the title as well as any previous liens and encumbrances placed on the title. The act of recording real property documents allows grantors to warrant grantees a valid deed conveyance and smooth purchase transaction and to provide proof of ownership in case any future complications arise.
Click here for Illinois Mortgage Originator requirements.
This course is offered through 360 Training. The free bonuses are offered exclusively by Illinois Real Estate School Online.
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Sale Price: $69.00 $150.00 |
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State Requirements:
Under the Section 1050.2120 of the Division Rules, a registered residential mortgage loan originator must complete annually six hours of continuing education in residential mortgage finance and related topics. Equally important, the residential mortgage licensee that employs an Loan Originator must assure that the LO meets the CE requirement.
Student Reporting Requirements:
A Loan Originators shall not submit CE information directly to the Division. A Loan Originators shall report the completion of CE courses to his or her employing licensee. The employing licensing shall set reporting requirements that enable the employing licensee to obtain the CE information needed to compile the CE Report. For each CE course an Loan Originators wishes to count towards the CE requirement, the Loan Originators shall retain all instructional and testing materials and all documents evidencing registration for, attendance at, and completion of the course.
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