Annual MLO Requirements & SAFE Act Compliance

What does it mean to be a mortgage loan originator in today’s world? Are the MLOs at your financial institution meeting the requirements? There are mandated registration procedures, and a compulsory annual independent audit. This webinar will address these rules, cover the SAFE Act requirements, provide an overview of the Loan Originator Compensation Requirements, and offer nine steps for auditing the SAFE Act. A concise summary of federal regulations that apply to mortgage lending will augment the overall MLO training requirements.

Attendance certificate provided to self-report CE credits.


Identify who must be registered, understand which employees meet the definition of mortgage loan originator (MLO), and know which are exempt
Complete the required steps in the initial and subsequent registration process, including proper use of forms, criminal background checks, fingerprinting, and MLO registration submission
Verify the required policies, procedures, and compensation rules
Complete nine required steps for the annual audit
Ensure MLOs receive the periodic training required under Reg Z, commensurate with day-to-day origination responsibilities


SAFE Act FAQs issued September 2019 by the CFPB
Links to exam procedures
SAFE Act compliance checklist
Template for a SAFE Act audit
Employee training log
Interactive quiz
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

This informative session is designed for internal auditors, SAFE Act administrators, compliance officers, mortgage loan managers, and MLOs.

ABOUT THE PRESENTER – Susan Costonis, CRCM Compliance Training & Consulting for Financial Institutions
Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.


Live Webinar – $245
Recorded Webinar and Digital Download – $245 plus tax
Live Webinar, Recorded Webinar and Digital Download – $320 plus tax


Nov 05 2021


10:00 am - 11:30 am



More Info