MBA Education School of Loan Origination Apr. 10-May 4
MBA Education presents its popular School of Loan Origination Instructor-Guided Online Course beginning Monday, Apr. 10 and running through Thursday, May 4.
School of Loan Origination 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 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.
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. 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, concluding with an online final exam. Students who successfully complete course requirements will receive a certificate of completion for employee training transcript purposes.
Topics
–History of Mortgage Lending
–Role of the Mortgage Loan Originator
–Taking a Complete 1003
–Originating a Compliant 1003–The Laws
–Evaluating the 1003–Loan Options
–Analyzing Credit Reports
–Case Study and Homework Review
–Supporting Documentation
–Tax Returns and Qualifying Income
–Nontraditional Mortgage Products
–Pricing and Rate Locks
–Packaging Mortgage Transactions
–Marketing in a Purchase Environment
Course Outline
Download the sample SOLO I Course Outline to learn more about the program: file:///C:/Users/msorohan/Downloads/SOLO Course Outline.pdf.
Objectives
–Gain perspective on overall challenges facing mortgage origination businesses
–Distinguish among 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 Group LLC
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2171760C/REGIS.
Please note: MBA Diversity and Inclusion scholarship opportunities are available for this offering. Click for more information: https://www.mba.org/conferences-and-education/mba-education/path-to-diversity-and-inclusion/path-to-diversity-and-inclusion-professional-development-scholarship.
For more information on SOLO, click https://www.mba.org/store/events/instructor-guided-online-course/school-of-loan-origination-igol-april-2017.
