Educational Opportunities

Because knowing more is good for your business.

It can be hard to stay on top of all the changes happening in the mortgage industry

But it’s crucial to find a way to keep up. As part of our commitment to providing a partnership that supports our customers on all fronts, we’re pleased to offer the following classes.

From a three-hour continuing education class for two hundred people to an intimate, twenty-minute lunch and learn presentation with a small group of loan officers, we deliver a number of courses that focus on the most critical and relevant credit-related information. This is knowledge your team can put to use immediately.

Colleagues having a discussion

Understanding & Maximizing Consumer Credit Scores

Continuing Education course. Course number varies by state.
This course provides an introduction to understanding the FICO scores currently used by the majority of mortgage lenders to determine consumer credit worthiness.
Designed for the real estate professional, this course explores:

  • How credit reports are developed
  • How FICO credit scores are calculated
  • Which data is used in determining a consumer’s credit score
  • The proper steps involved in correcting erroneous credit data contained in a consumer credit file

The course focuses on useful, hands-on information used by credit grantors to assist the consumer in maximizing their FICO scores through use of Internet-based software tools.

Woman taking online course

Fair Credit Reporting Act (FCRA) Certification Class

This class provides a brief explanation of two critical laws affecting mortgage lenders and brokers:

  • The Fair Credit Reporting Act (FCRA), as amended by the Fair and Accurate Credit Transactions Act of 2003 (FACTA) and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
  • The Gramm-Leach-Bliley Act (GLB)
Colleagues in a meeting with laptops and project reports

Why Get Certified?

The NCRA developed the FCRA certification test in order to help mortgage professionals:

  • Understand the scope and provisions of the FCRA regulations and how they affect day-to-day operations for brokers and lenders
  • Readily recognize the risks and consequences of noncompliance
  • Develop and implement tactical compliance processes to minimize risk
  • Assure customers of their high levels of expertise and professionalism

Staying current on credit reporting regulations is an important part of being a responsible and successful mortgage professional. Knowing the ins and outs of these critical laws helps you minimize the risk of noncompliance (and the penalties that accompany it) and also protects the rights of your customers.

About the Test:

The test consists of thirty multiple choice and true-or-false questions. You will have forty-five minutes to complete the exam. Seventy-five percent correct is needed in order to pass the exam.

The key topics will be:

  • Permissible Purposes of Reports
  • Information Requirements
  • Disclosures to Consumers
  • Disputes
  • Need to Know Information
  • GLB Requirements
  • Requirements of the National Credit Repositories

The Testing Process and Recommendations:

  • You may refer to the study guide during the test.
  • You will be able to take the test as many times as needed in order to pass.
  • It is recommended that you certify yourself each year as laws will change and be amended from time to time.
  • Once you have passed the exam, you will receive a certification from the NCRA.

Get Certified

If you are interested in becoming certified, please contact us to obtain usernames and passwords to take the test.