MBA Education School of Loan Origination Instructor-Guided Online Course Sept. 12-Oct. 6
MBA Education presents its popular School of Loan Origination instructor-guided online course weekly from Sept. 12-Oct. 6.
SOLO is a four-week instructor-guided online course designed for mortgage originators who have recently passed the National Mortgage Licensing System pre-licensing course or have 3-12 months employment experience as a mortgage loan originator.
The course provides an in-depth working knowledge of how to originate residential mortgage loans. It begins with a historical perspective of how past practices led us to the current environment. It then teaches competencies on how to originate compliant and quality-based mortgage loans by focusing on minimizing risk of repurchases and reducing the number of “touches” on the file.
Topics
–History of Mortgage Lending
–The Role of the Mortgage Loan Originator
–Taking a Complete 1003
–Originating a Compliant 1003 – the Laws
–Evaluating the 1003 – Loan Options
–Analyzing Credit Reports
–Supporting Documentation
–Tax Returns and Qualifying Income
–Nontraditional Mortgage Products
–Pricing and Rate Locks
–Packaging Mortgage Transactions
–Marketing in a Purchase Environment
Course Format
The course is presented in a blend of self-study and instructor-guided learning, all from the comfort of your own desk. The course includes live two-hour webinars on Mondays, Wednesdays and Thursdays during four consecutive weeks. The webinars encourage participant interaction with the instructor and other industry experts. Course activities also include readings, homework activities, virtual field trips, a case study, quizzes and online discussions. The course concludes with an online final exam. Students who successfully complete the course requirements will receive a certificate of completion for employee training transcript purposes.
Learning Objectives
Upon completion of the course, students will:
–Gain perspective on the overall challenges facing mortgage origination businesses.
–Distinguish between the roles of mortgage originators, processors and underwriters.
–Acquire knowledge of how to disclose laws and regulations that protect consumers.
–Learn how to take quality mortgage applications, evaluate credit, and package mortgage loans.
–Determine advantages and disadvantages of different mortgage products.
–Learn how to develop a purchase based business model.
Course Instructor
–Debra Killian, President, Charter Oak Lending LLC
Debra Killian is a 20-year veteran who is still actively originating mortgage loans. Deb is an NMLS State Licensed Mortgage Loan Originator and Certified Residential Mortgage Specialist with more than 35 years of financial, banking, accounting and business experience.
Target Audience
–New MLOs with 0 – 12 months of experience and processors considering a sales position.
Graduating participants will earn a certificate of completion.
Course participants will meet online each week on Monday, Wednesday and Thursday from 2:00-4:00 p.m. ET. Students will also be expected to complete 3-5 hours of homework assignments per week in addition to class time.
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2161760D/REGIS.
For more information, visit the website: https://www.mba.org/conferences-and-education/mba-education/products-and-services/products-by-format/instructor-guided-online-courses/school-of-loan-origination.
