Course Objectives

This course provides West Virginia mortgage loan originators with a comprehensive overview of the required topics outlined by the West Virginia Division of Financial Institutions (DFI), including license renewal and maintenance, prohibited acts, electronic signatures, non-local appraisers, ability to repay, and tangible net benefit. Participants will also explore reverse mortgages — how they work, how they are regulated in West Virginia, and how they can serve as an additional tool in an MLO's practice.

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

• Explain the requirements for license renewal and maintenance under the West Virginia Division of Financial Institutions.
• Identify prohibited acts and apply key compliance standards — including electronic signatures, ability to repay, and tangible net benefit — to day-to-day origination activities.
• Describe the role of non-local appraisers and the regulatory expectations surrounding their use in West Virginia transactions.
• Explain how reverse mortgages work, identify the borrowers they are designed to serve, and describe how West Virginia regulates their origination.