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
officers, and designated brokers/owners.
A Mortgage Broker
Administrative Deskbook is included with your registration
fee.
|
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. |
