Mortgage Broker Administration

Designed for new or experienced mortgage brokers, this course covers the basic concepts, forms needed, state fees and charges, record keeping requisites for mortgage brokers and much more. Broker administrative checklists are provided to help with compliance. Working in groups, students will form problem-solving teams to learn “best practices” for organizing a brokerage business, what products to offer and marketing techniques that work. Students may choose to learn about defensive lending, or talk over the quirks and pitfalls of the business. 

This is a solid review course for branch managers, senior loan originators, and designated brokers/owners. A Mortgage Broker Administrative Deskbook is included with your registration fee.

 

Visit our Schedule page to find a class near you.

 

Learning Objectives
Know the Washington State licensing requirements for mortgage brokers.
Know the correct state forms necessary to comply with the RCW and WAC.
Be able to use monthly and annual administrative and compliance checklists.
Understand various DFI model disclosure forms and how to use them.
Have a greater understanding of the differences between state and federal requirements.
Learn the correct definition of the elements of mortgage lending.
Know ten things to consider before opening a mortgage brokerage
Define how marketing and administration work together
Understand accounting and trust accounting fundamentals
Learn about the quirks and pitfalls of mortgage brokerage and how to avoid them.
Have greater awareness of what it takes to run a successful company.