1 Hour SAFE CE: Evaluating Consumer Credit Information
NMLS Course Number: 2598
Online mortgage training from AllRegs.
AllRegs Academy’s 1 Hour SAFE CE: Evaluating Consumer Credit Information course is designed to provide you with the information you need to analyze a credit report and recognize the factors of credit risk analysis. Further, it satisfies 1 hour of NMLS approved continuing education in the elective category.
This self-study online course will provide you with a foundational knowledge of evaluating consumer credit information. There is a great deal of information packed into one credit report that is key in qualifying borrowers for loan products. This course will help you unravel the wealth of information contained in credit reports, as well as provide you with a methodology for reconciling credit and handling credit problems that may be uncovered in your analysis. Please note that the SAFE Act specifically prohibits the taking of the same course in successive years.
- View the NMLS Approval Letter for this course.
- View AllRegs' NMLS Course Provider Approval.
- To find out more about your state requirements, visit AllRegs' Continuing Education Resources.
- What CE Training Solution is Right for You and Your Company?
Click here to view our comparison grid »Learning Goals & Objectives
Upon completion of the course, students will be able to:
- Recognize the characteristics of a credit report
- Distinguish how to handle identity and fraud alerts
- Identify the steps in reconciling a credit report
- Recognize how to handle credit problems
- Identify the characteristics of nontraditional credit
- Differentiate the factors of credit risk analysis
Course Topics/Outline
- Credit Report Characteristics
- Ordering the Credit Report
- Types of Credit Reports
- How Long is it Valid?
- Address Information
- Employment Information
- Public Records
- Credit Report Codes
- Identity Warnings
- Misrepresentation
- Fraud Alerts
- Active Duty Alerts
- Reconciling a Credit Report
- Accounts That Do Not Belong
- Contingent Liabilities
- Divorce
- Co-signed Obligations
- Duplicate Accounts
- Fraudulent Debt
- Outdated References
- Account Histories
- Payment Amounts
- Recent Inquiries
- New Accounts
- Mortgage Reference
- Credit Problems
- Consumer Credit Counseling Services
- Judgments
- Bankruptcy
- Foreclosure
- Divorce
- Nontraditional Credit
- Credit Risk Analysis
Target Audience
- All Mortgage Loan Originators
Course Delivery
Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles and real world examples, with audio and/or video recordings of industry experts.
The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete this course.
Tuition & Registration
This title is of one of the courses available in the Continuing Education Library site-based subscription program!
Starting at just $700 per site*, you and the staff at your location can access all available courses** for a 12-month period. View full list of courses.
Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.
NOTE: The SAFE Act specifically prohibits the taking of the same course in successive years.
*Allows for up to 250 employees at one site location.
**Excludes AllRegs Education Package, the Fraudulent Identity Document Library Courses and FICO Pro Certification courses, including the FICO Credit Scores course.Additional Resources
For more information or to register by phone, call your Regional Account Executive
at (800) 848-4904 or email sales@allregs.com.