Course Objectives

This course is designed to help New Jersey-licensed Mortgage Loan Originators strengthen their compliance judgment and fraud-prevention practices through a practical, state-specific lens. Participants will explore how New Jersey statutes, regulations, and enforcement themes translate into real-world origination behaviors — and how small decisions around advertising, documentation, and escalation can carry significant regulatory consequences under NJDOBI oversight.

By the end of this course, participants will be able to:

• Explain the regulatory framework established by the New Jersey Residential Mortgage Lending Act (RMLA) and describe NJDOBI's supervisory and enforcement authority over individual Mortgage Loan Originators.
• Identify New Jersey's compliance standards related to advertising, marketing, consumer communication, and recordkeeping, and recognize the everyday gaps most likely to attract regulatory scrutiny.
• Recognize borrower, third-party, and transaction-based mortgage fraud red flags commonly encountered in New Jersey transactions and apply NJDOBI's "knew or should have known" standard to origination decisions.
• Describe the MLO's obligation to document, escalate, and respond to inconsistencies before they become regulatory or enforcement matters.
• Apply New Jersey-specific compliance and fraud-prevention practices to protect consumers, maintain licensure, and support disciplined origination habits.