Advanced Loan Processing - "Real World Lessons"

This instructor-led 3-hour online training webinar is designed for the experienced and already trained in basic loan processing. This course provides an in-depth understanding of mortgage loan processing from both a loan processor and underwriter’s point of view. Through a variety of loan scenarios, you’ll receive hands-on experience analyzing mortgage loan applications, allowing you to learn first-hand how understanding the basics of mortgage processing and supporting technology will increase your confidence and hone your decision-making skills as an effective mortgage processor. Experienced loan processors will receive an essential refresher and see how other experienced loan processors are handling their analysis. 

Upon completion, students will be able to: apply best practices to processing decisions, use methods and expertise needed to evaluate mortgage files, analyze stipulations from the underwriter, prevent red-flagging, analyze & accurately review appraisals. Also covered in this course: understanding underwriter conditions, how outside vendors such as appraisers and mortgage insurance companies fit into the overall mortgage loan approval process.   

COURSE OUTLINE:

  • Income Review
  • Hourly Wages
  • Seasonal Income
  • Salaried Income
  • Overtime, Bonus & Commissions
  • Alimony/Child Support
  • Social Security/Pension
  • Military Income
  • Automobile Allowance
  • Boarder Income
  • Capital Gains
  • Disability Income
  • Employment Contracts
  • Foreign Income
  • Foster Care Income
  • Housing or Parsonage
  • Interest/Dividend Income
  • Self-Employed Income
  • Sole Proprietor
  • Rental Income
  • Assets Review
  • Stocks, Bonds, Mutual Funds
  • Verification of Assets
  • Large Deposits
  • Gifts
  • Minimum Borrower Contributions
  • Appraisal Review
  • Appraisal Forms
  • Age of Appraisal
  • Sections of the Appraisal
  • Title Review
  • Underwriter Conditions
  • Practice Quiz

Price - $395.00

Appraisal Review Workshop - "Intensive Study of the Appraisal"

This Appraisal Analysis Workshop is a 3-hour online webinar designed to teach you the details that are required in each section of the real estate appraisal. You'll learn the details of what the industry looks for in these reviews to prevent fraudulent appraisal practices. You'll also gain the details and a complete understanding of the Sales Comparison Approach, Income Approach and Cost Approach, and much more! 

COURSE OUTLINE:

  • Appraisal Purpose
  • Appraiser Responsibilities
  • Lender Responsibilities
  • Supervisory Appraiser
  • Appraisal Exhibits & Forms
  • Age of Appraisal
  • Use of Appraisal
  • Appraisal Section Review
  • Property Condition
  • Sales Comparison
  • Appraisal Deficiencies
  • FHA Considerations
  • FHA New Construction
  • FHA MPR & MPS
  • FHA Appraiser Reporting
  • FHA Valuation Development
  • FHA Analysis
  • FHA Report Conclusion
  • Appraisal Updates
  • Red Flags
  • Practice Quiz

Price - $395.00

Calculating Income, LTV, & DTI Workshop

Join us for an intensive study course on these basic mortgage lending formulas. In the Calculating Income, LTV, & DTI Workshop, students will learn how to apply the correct calculation to various loan scenarios. Examples will be presented and students will have an opportunity to complete exercises with the instructor for a better learning experience.

COURSE OUTLINE:

  • Hourly Wage Calculations
  • Salaried Income Calculations
  • Overtime, Bonus & Commission
  • Unreimbursed Expenses
  • Varied Types of Income
  • Self Employment Income
  • LTV, CLTV, and HCLTV Review
  • DTI Review
  • Practice Quiz

Price - $395.00

Contract Processing Launchpad - "Everything from A to Z"

The Contract Processing Launchpad - "Everything from A to Z" will teach you how to become a successful contract mortgage processor. Contract processing can be a very rewarding work-at-home career and requires the ability to effectively analyze loan applications/creditworthiness, read appraisal, title, TILA, GFE, and more. Let us help you gain the skills needed to jumpstart your contract processing business today.

COURSE OUTLINE:

  • Home Office Set-Up
  • NMLS State Licensing Requirements
  • Marketing Ideas for the Contract Processor
  • Client Retention
  • Customer Service
  • Hiring Additional Contract Processors
  • Forms to be Used (if different from when you process for a lender/bank)
  • Checklists

Price - $395.00

DU & LP Workshop – “Everything from A to Z”

The DU & LP – “Everything from A to Z” audio/video webinar will provide students with an in-depth understanding of how the automated underwriting systems serve lenders in the mortgage origination process. DU & LP findings, including feedback messages, are explained in detail. Gain a greater understanding of the differences between the two AU engines and when it is appropriate to use each one.

COURSE OUTLINE:

  • What is an AUS?
  • Factors Considered
  • The Process
  • Reps and Warrants
  • Ordering the Credit Report
  • Data Integrity
  • Documentation Requirements
  • Red Flags
  • Total Scorecard
  • Lender's Responsibility
  • FNMA Desktop Underwriter
  • DU Recommendations & Tolerances
  • Case Study DU Findings
  • FHLMC Loan Product Advisor
  • LPA Recommendations & Tolerances
  • Case Study LPA Findings
  • Underwriting without Traditional Credit
  • DU & LPA Validation Services
  • Uniform Collateral Data Portal
  • Collateral Underwriter & Automated Collateral Evaluation
  • Practice Quiz

 Price - $395.00

FHA/VA Processing - "For Mortgage Processors"

This instructor-led webinar will examine all aspects of loan processing both FHA & VA Government loans. The goal of our interactive FHA/VA Processing - "For Processors" webinar is to help you develop an FHA/VA niche in order to make you a more profitable mortgage processor. Train your staff of loan processors to start loan processing Government loans today.  

COURSE OUTLINE:

  • What is an FHA Loan
  • What is a VA Loan
  • Set Up Application
  • Debt and Obligation
  • Income
  • Assets
  • DO/DU or LP Approval
  • Title Commitment
  • Case Numbers
  • Appraisal
  • TRID
  • LE - Loan Estimate
  • CD - Closing Disclosure
  • Practice Quiz

Price - $395.00

FHA/VA Quality Control - "Everything From A to Z”

The course is ideal for any mortgage professional wishing to enter the Quality Control area of mortgage banking, as it relates to both FHA and VA Government mortgage loans. This 6-hour instructor-led online training course covers the basics and gives an overall understanding of what a Quality Control plan consists of. 

COURSE OUTLINE:

  • General Rules of FHA/VA Quality Control
  • Guidelines and Procedures
  • Credit Report Red Flags
  • Reverifications
  • Document Review
  • Field Reviews
  • On Site Review
  • Notification to HUD
  • Loan Servicing Review
  • Ineligible Participants
  • Mortgagee Monitoring
  • Sanctions
  • Limited Denial of Participation
  • VA QC Guidelines
  • Red Flags
  • Examples of Fraud
  • Practice Quiz

Price - $395.00

Loan Processing 101 - "The Basics"

This instructor-led 3-hour online training webinar is designed for new mortgage loan processors as well as existing loan processors who never received formal loan processing training or perhaps developed bad habits. 

Mortgage loan processors are in powerful demand these days, and the income is excellent! Lucrative positions exist in mortgage, retail and consumer loan fields, and the promotional potential is great. Loan Processor 101 - "The Basics" is an in-depth study of conventional loan calculation and requirements. It provides intensive loan processing training in the basics of residential mortgage application, title, appraisal, credit reports and much more.  

COURSE OUTLINE:

  • Disclosures
  • Overview
  • Mortgage Terminology
  • LTV, CLTV, HCLTV
  • DTI
  • Cash to Close
  • Loan Cycle
  • Proecessor Duties
  • Loan Documentation
  • Needed Disclosures and Forms
  • Truth in Lending/TRID
  • The Loan Estimate
  • The Credit Report
  • Automated Underwriting System
  • Verifications
  • Form Samples
  • Practice Quiz

Price - $395.00

Tax Return Analysis Workshop - "Examine Self-Employed Borrowers"

This instructor-led, 6-hour online training webinar is designed for any mortgage professional seeking formal instruction on personal and business tax return analysis. This intensive workshop provides detailed instruction on all tax return forms and schedules, the required income calculation formulas, and the completion of the Fannie Mae Cash Flow Analysis Form 1084. Learn self-employment income best practices and underwriting guidelines.

COURSE OUTLINE:

  • Self-Employment Defined
  • Self-Employment Income Guidelines
  • Personal Tax Return Forms and Schedules
  • Business Tax Returns Forms and Schedules
  • Income Calculation Formulas
  • Fannie Mae Cash Flow Analysis Form 1084
  • Fannie Mae Comparative Income Analysis Form 1088
  • Profit & Loss Statement and Balance Sheet Review
  • Self-employment Case Study and Practice Exercises
  • Practice Quiz

Price - $395.00

Case File Underwriting Review - "FHA/VA Loans"

This course has been designed to instruct underwriters on how to proceed with a mortgage underwriting case file review of an FHA file.  As a “how-to” course, the underwriter will be trained on how to complete an underwriting review on a fully processed FHA case including how to review the credit report, income documentation, asset documentation, contract of sale, and appraisal report. Additionally, the required disclosure and compliance review will be discussed. Underwriters will also be trained to recognize certain file triggers/red flags and will know when to ask for further documentation that has not been addressed by the AUS.   

COURSE OUTLINE:

  • Underwriting an FHA and VA Loan
  • Disclosures
  • Credit
  • Income
  • Assets
  • Purchase Contract
  • FHA Requirements
  • VA Requirements
  • AUS
  • Manual Underwriting Components
  • Appraisals
  • FHA Resources
  • VA Resources
  • Practice Quiz

Price - $395.00

COMBO CLASSES: Loan Processing 101 and Advanced Processing

These two instructor-led 3-hour online training webinars are designed for individuals wishing to learn how to become a mortgage loan processor, from A to Z. The basic course provides an in-depth study of conventional loan calculations and requirements. It provides intensive loan processing training in the basics of the residential mortgage application, title, appraisal, credit reports, and much more. The advanced course provides an in-depth understanding of mortgage loan processing from both a loan processor and underwriter’s point of view. Through a variety of loan scenarios, you’ll receive hands-on experience analyzing mortgage loan applications, allowing you to learn first-hand how understanding the basics of mortgage processing and supporting technology will increase your confidence and hone your decision-making skills as an effective mortgage processor. Experienced loan processors will receive an essential refresher and see how other experienced loan processors are handling their analysis. 

Upon completion, students will be able to: apply best practices to processing decisions, use methods and expertise needed to evaluate mortgage files, analyze stipulations from the underwriter, prevent red-flagging, analyze & accurately review appraisals. Also covered in this course: understanding underwriter conditions, how outside vendors such as appraisers and mortgage insurance companies fit into the overall mortgage loan approval process. 

Price - $775.00 (sale)

COMBO DEAL: Learn How to Become a FHA Mortgage Processor

Learn how to become an FHA mortgage processor today. We have pre-selected four classes centered around the processing of both FHA and VA Government loans. These instructor-led online webinars will teach you everything from A to Z, you can start processing FHA/VA loans today.

COMBO DEAL INCLUDES:

  • Loan Processing 101 - "The Basics" (6-HOUR WEBINAR)
  • Advanced Processing - "Real World Lessons" (6-HOUR WEBINAR)
  • FHA/VA Processing - "For Mortgage Processors" (6-HOUR WEBINAR)
  • FHA 203(k) - Special Rehab Program 6-HOUR WEBINAR)

Price - $999.00 (sale)

Mortgage Processor Complete On-Boarding Package

The Mortgage Processor Complete On-Boarding Package is an instructor-led, on-demand audio-video webinar series specifically designed to effectively train individuals on proven loan processing tasks, competencies, and principles. Whether you have not yet and are looking to enter the mortgage processing profession, or you’re currently working as a loan processor or assistant, this loan processing boot camp will provide the loan processor skills you need to advance your mortgage processor career or secure a loan processing career position.

Get All (8) Classes: 

- Loan Processor 101 – “The Basics”
- Advanced Processing – “Real World Lessons”
- FHA/VA Processing – “For Processors”
- Appraisal Review Workshop – “Intensive Study of the Appraisal”
- Calculating Income, LTV & DTI Workshop
- DU/LP Workshop – “Everything from A to Z”
- TRID Compliance – “The Essentials”
- Dodd/Frank Roll Back – “New Rules Defined”

Price - $1,395.00 (sale)

SAFE Act Compliance Training (Online Self-Study)

This is not a state licensing course. This is a course for individuals:

  • Working or aspiring to work for a bank or credit union (Who are exempt from state licensing)
  • Wishing to enter the mortgage industry and learn
  • Preparing for their NMLS licensing test
  • Currently licensed and striving to increase their competence and confidence in lending compliance and origination activities
  • And those wishing to invest in their career by becoming an industry expert

A certificate is awarded to those successfully completing the class.  Sale Price - $395.00