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
