Our live, instructor-led course will help new or newer loan originators become familiar with the mortgage lending industry.
Join us for an interactive, lively day as we take on the fundamentals of mortgage lending. You will work in small groups to solve real-life case studies, network with your colleagues, and have fun learning about how mortgage loans are put together, and the history of mortgage lending.
For new Loan Originators, we recommend three classes to help you prepare for your LO exam:
Visit our Schedule page to find a class near you.
Regular Pricing:
Fundamentals: $195
Exam Prep: $150
Ethics: $75
When you pay for all three at the same time, you pay $395. Watch for the “Internet Special” button in your shopping cart.
Course Outline
History of Mortgage Lending in the United States
Mortgage Types; Conventional/conforming, FHA/VA, Jumbo, Sub-prime, Niche, Second mortgage, New construction
Uniform Residential Loan Application
Assembling, Verifying and Evaluating Applicant Information; Income, Credit, Qualifying Ratios, Assets
Good Faith Estimate; Closing costs, lender fees, third party fees, yield spread premium
Disclosures
Lock-in and float agreements
Real Estate Purchase and Sales Agreements
Note/Deed of Trust, Warranty Deed, Quit Claim Deed
Appraisals; Approaches to valuation, Cost, income, market, Appraisal terms
Insurance; Hazard insurance, mortgage insurance, and Title insurance
Escrow
HUD 1
Secondary Market, Fannie and Freddie
(Federal and State Laws are covered in the Loan Originator Exam Prep Course)
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