Topics Covered:
- Underwriting Principles and Guidelines
- Learn how to Detect, Prevent, & Report Mortgage Fraud in accordance with Federal Law
- Learn important steps in Risk Analysis, Due Diligence, Verification, & Documentation
- Learn what causes a Foreclosure of a Mortgage and the steps leading up to an Auction
- Learn how to Originate Loans from beginning to Underwriting and Closing
- Practice in filling out the Uniform Residential Loan Application (1003)
- Start your own Mortgage Broker Business, Correspondent Lender, & Mortgage Lender
- Learn how to use Caylx Point & Encompass Loan Processing Software
- Understanding Loan Modification & Forebearance
- Understand Breach of Mortgage Contract, Acceleration, 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
- Understand Bank Lending Clauses: Acceleration, Due On Sale, Prepayment, Escalator
- Understand what are the requirements of a Good Faith Estimate
- Understand how prepare a Closing Statement (HUD-1)
- Emergency Economic Stability Act of 2008
- Understand TARP - Troubled Assets Relief Program
- Understand the Statue of Frauds and Statue of Limitations regarding Contracts
- Learn State, Federal, and Local Laws concerning Mortgage Lending and Origination
- 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 official documents get recorded to provide Constructive Notice
- Learn the difference between Voluntary Liens and Involuntary Liens
- Learn how read and understand mortgage documents (Promissory Note, Mortgage)
- Learn how to calculate ratios: HER, TOR, DTI, CLTV, LTV
- Learn how to calculate Mortgage Math Problems
Call today and order your Loan Processor DVD 866-585-7327
