Loan Originator Course (DVD) $99

Ray Suarez Mortgage Broker School 

Licensed and Accredited by the Florida Department of Financial Services:  Permit Number MBS 2008-080

Loan Originator Course DVD $99    (Ahora en Español ) 

Learn how to originate loans from the privacy of your home or office.  This DVD will help you understand all the necessary steps to start originating your own files.

Topics Covered:

• Learn how to find clients 
• Learn how to Originate Loans from beginning to Underwriting to Closing
• Practice in filling out the Uniform Residential Loan Application (1003)
• Learn how to Overcome Objections of interest rates & closing costs
• Learn how to Prospect for Clients and Develop a Referral Source
• Learn how to use Caylx Point Loan Processing Software
• Learn how to use Encompass Loan Processing Software
• Learn how read and understand a Loan Underwriting Matrix
• Understand Breach of Contract and Foreclosure Procedures
• Understand how read Credit Scores: Experian, Equifax, and TransUnion
• Understand the difference between a FHA, VA, and Conventional loan
• Understand the difference between PMI and MIP and other insurance
• Understand the difference between Mortgagor, Mortgagee, Grantor, Grantee, Assignor, Assignee, Lessor, Lessee, Offeror, Offeree, Trustor, Trustee
• Understand Bank Lending Clauses: Acceleration, Due On Sale, Prepayment, Escalator
• Understand how to prepare a Good Faith Estimate
• Understand how prepare a Closing Statement (HUD-1)
• Learn how read Disclosures such as RESPA, TIL, ECOA, TITLE VIII, Patriots Act 

• Learn how to understand Loan Originating & Banking terminology

• Learn what Title is and learn how to fill out a Deed
• Learn how read and understand mortgage documents (Promissory Note, Mortgage)
• Learn how to calculate ratios: HER, TOR, DTI, CLTV, LTV 
• Learn the 5F's of Mortgage Fraud