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Our live,
instructor-led course will
help new or newer loan
originators become familiar
with mortgage lending
fundamentals.
This
all-day class is approved
for Continuing Education in
Wa State
Join us for an interactive, lively day as we take
on the fundamentals of mortgage lending.
Students will be given reading assignments to be completed
ahead of time. 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.
For new
Loan Originators, we
recommend three classes that
can be taken before you take
your LO Exam:
Mortgage Fundamentals
Loan
Originator Exam Prep
Ethics
in Mortgage Lending
You can
select from a variety of
dates for each of these
classes.
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
when you're getting ready to
pay.
SCHEDULE OF UPCOMING CLASSES
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Course Outline
General
Mortgage Industry Knowledge
Mortgage
Types
Conventional/conforming
Government FHA/VA
Jumbo
Non-conforming
Sub-prime
Niche
Second mortgage
New construction
Mortgage
Products
Fixed and variable rate
Retail
Product Pricing
Service Release Premium
Yield Spread Premium
Lender fees
Price adjustments
Financial
Calculations
Payment
Interest rate
Annual Percentage Rate (APR)
Closing costs
Ratios
Secondary
Markets
Fannie and Freddie
Professional Practices
Related to Mortgage Lending
Real
Estate Purchase and Sales
LOs duty to his or her
homebuyer
Note/Deed of Trust
Warranty Deed
Quit Claim Deed
Appraisals
Approaches to valuation
Cost, income, market
Appraisal terms
Insurance
Hazard insurance
Mortgage insurance
Title insurance
Escrow
Functions, duties
Limited Practice Officer
Closing and funding
conditions
HUD 1
Residential Mortgage Lending
Practices
Qualifying
process
Applications
Uniform Residential Loan
Application
Disclosures
Lock-in and float agreements
Assembling, Verifying and
Evaluating Applicant
Information
Income
Credit
Ratios
Property
Assets
Underwriting Guidelines
Fannie Mae, Freddie Mac
Federal
and State Laws are covered
in the
Loan Originator Exam Prep
Course
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