MBA Education School of Loan Origination Jan. 17-Feb. 9

December 12, 2016

MBA Education holds the next edition of its popular School of Loan Origination Instructor-Guided Online course from Nov. 29-Dec. 22.

SOLO is a four-week instructor-guided online course designed for mortgage originators who have recently passed the Nationwide Mortgage Licensing System pre-licensing course or have 3-12 months employment experience as a mortgage loan originator.

The course provides in-depth working instruction 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.

The course will take place on four consecutive Tuesdays beginning Nov. 29 from 2:00-4:00 p.m. ET.

Topics
–History of Mortgage Lending
–Role of the Mortgage Loan Originator
–Taking a Complete 1003
–Evaluating the 1003: Loan Options and Credit Reporting
–Supporting Documentation
–Laws and Mortgages
–Originating a Compliant 1003
–Tax Returns and Qualifying Income
–Nontraditional Products
–Pricing and Rate Locks
–Structuring Mortgage Transactions
—-Marketing in a Purchase Environment

Objectives
–Gain perspective on overall challenges facing mortgage origination businesses
–Distinguish 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

Instructor
–Debra Killian, President, Charter Oak Mortgage LLC

To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2171760/REGIS.

For more information, click https://www.mba.org/store/events/instructor-guided-online-course/school-of-loan-origination-igol-january-2017.