MBA Education School of Loan Origination Oct. 16-Nov. 13
MBA Education presents its popular School of Loan Origination instructor-guided online course beginning Monday, Oct. 16 and running through Nov. 13.
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 three years or less employment experience as a mortgage loan originator and for processors considering a sales position.
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.
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.
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
–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
Objectives
–Gain perspective on overall challenges facing mortgage origination businesses
–Distinguish between 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
Target Audience
This course is most applicable for MLOs with under three years of experience, but also beneficial for any MLOs interested in sharpening their skill set.
Others who would benefit from this course include:
–Loan Officers seeking to improve core competencies.
–Processors, Underwriters and Closers interested in foundational concepts in loan origination.
–MLO assistants looking to advance their career.
Graduating participants will earn a certificate of completion.
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2181760/REGIS.
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, visit
https://www.mba.org/conferences-and-education/mba-education/products-and-services/products-by-format/instructor-guided-online-courses/school-of-loan-origination.
