12 Hour CE Responsible Individual Mortgage Education – Arizona

12 Hour CE Mortgage Education Responsible Individual (with Arizona State Law)

$179 $143      

This Course Includes:

  • 7 Hour Online SAFE CORE (1265) – O
  • AZRI100 – Arizona Responsible Individual 4 Hour CE – O
  • 1 Hour Online AZ SAFE CE – Arizona Mortgage Professional’s Rulebook (2174) – O


This course is specifically designed for Arizona mortgage professionals who need 12 hours of education to satisfy their Responsible Individual requirement. THIS COURSE ALSO SATISFIES THE Arizona SAFE Required CE Requirement. Please see below for the AZDFI Responsible Individual requirement description and a summary of this course.


AZDFI Responsible Individual Continuing Education Requirement
As part of the mortgage banker and mortgage broker renewal process, the responsible individual (RI) must complete :

  • 12 units (1 unit = 50 minutes) of continuing education prior to 12/31 of each calendar year. A copy of the certificate(s) must be sent to AzDFI with the renewal checklist (which will be available on NMLS in September).
  • The certificate must show each course and units taken. The education shall include courses in the following areas:
    1.)  Arizona mortgage related law (i.e. title, appraisal, real estate, etc… as it relates to the mortgage industry)
    2.)  Federal mortgage law
    3.)  Mortgage related ethics
    4.)  Non-traditional mortgage products
    5.)  Other mortgage related courses that contribute to the maintenance and improvement of professional competence

The same courses cannot be taken in two consecutive years.


This course covers SAFE Continuing Education Requirements for AZ Loan Originators. Specifically, this online course includes 3 Hours on Federal Law and Regulations, 2 Hours on Ethics and 2 Hours on Nontraditional Mortgages and 1 hour on AZ State Law. It also includes 4 hours that can be accredited toward the Responsible Individual requirement in Arizona.

The course is divided into multiple sections:

AZRI100 – Arizona Responsible Individual 4 Hour CE

AZDFI Responsible Individual Continuing Education Requirement

Nontraditional Mortgages – Fixed Rate – Summarizes a broad selection of nontraditional primarily fixed rate mortgages that have been introduced over the last 30 years. The mortgage types we will talk about include Buydowns, Construction permanent mortgages, Balloons, HELOCs and Reverse Mortgages.

Chapter 1. Introduction to non-traditional variants of fixed rate mortgages
Chapter 2. Buydown mortgage
Chapter 3. Balloon mortgage
Chapter 4. Second Liens and HELOCs
Chapter 5. Construction Loans
Chapter 6. Reverse Mortgages
Chapter 7. Payment Alternatives


Nontraditional Mortgages – FHA Maximum Loan Amount – Discusses calculating the Maximum Loan Amount FHA is willing to insure for a mortgage borrower in the purchase and refinance of their homes.

Topics include:
1.)  Basic Equation. We discuss the equation used for FHA maximum loan amount calculations and how it is related to Mortgage Insurance Premiums.
2.)  LTV Limit. We will talk about factors that affect LTV Limit, which includes Borrower’s Minimum Cash Investment Requirements, Interested Third Party Contribution and Inducement to Purchase.
3.)  Statutory Loan Limit. We will explain how to look up the Statutory Loan Limits for different FHA mortgage types and locations. We will explain how to appeal to HUD to change the Statutory Loan Limit for a specific county. This might be necessary when the housing prices of a certain area increase significantly.
4.)  LTV Limits for Specific Situations. We will then look at additional exceptions such as transactions between family members, construction loans and mortgage assumptions that can affect both LTV and Statutory Loan Limit.
5.)  Effects of Repair and Improvements on Maximum Mortgage Amount. We will look at how certain Repairs and Home Improvements can affect both LTV and Statutory Loan Limit.


8 Hour Online SAFE CE (Includes AZ State Law)

State Specific Requirement – Arizona State Law

This course satisfies the state-specific continuing education requirement for Arizona Licensed Mortgage Loan Originators (MLOs). During this 1 hour course, we will provide an overview of the laws and regulations the Arizona Mortgage Professional must know and abide by.

Federal Law Requirement – RESPA and SAFE

RESPA –Real Estate Settlement Procedures Act (enacted in 1974 implemented by Reg X). Establishes specific disclosure requirements in the real estate settlement process and prohibits specific practices such as kickbacks.
Our discussion includes key insights into the new GFE and discusses the differences between the new and old GFE.
SAFE Act— Secure and Fair Enforcement Act for Mortgage Licensing (enacted in2008). This act is a key component of the Housing and Economic Recovery Act of 2008 (Title V). The SAFE Act sets forth requirements for the licensing and registration of all mortgage loan originators and mandates the creation of a National Mortgage Licensing System and Registry (NMLSR).

Ethics Requirement – Ethics, Fair Lending and Fraud

This part of our course provides an ethical foundation and summary for Fair Lending Laws, a summary of fraud schemes and preventative measures and,lastly, focuses on a couple of key topics in Fair Lending.

Specifically, this course includes the following modules:

How Laws Enforce Ethics –this module covers the ethical and economic basis for laws and discusses the purpose of various fair lending laws in the mortgage industry.

More on HOEPA and Predatory Lending– this module details the topic of predatory lending, showing the various methods that have been used and the general prohibitions HOEPA outlines to protect consumers from these practices

More on Yield Spread Premiums – this module delves deeper into the hot topic of Yield Spread Premiums

Mortgage Fraud – this module covers the common mortgage schemes that have been practiced as well as some basic preventative measures

Nontraditional Mortgages Requirement – ARMs and IOs – This part of our course summarizes various types of adjustable rate and interest only non-traditional mortgages that have been introduced over the last 30 years. This course is taught in context of the 2007housing meltdown and includes the features, pros/cons and pitfalls of each type of loan.

Specific loans covered include:

  • Adjustable rate mortgages (ARMs)
  • Interest Only mortgages (IOs)
  • Negative Amortization mortgages