Preview of Courses
  
 
Available Courses
Course Costs
 RegularPrice:Sale Price:
Preview Loan Officer$499.95$249.95
 
Preview Loan Processor$499.95$249.95 
Preview Underwriter Training $499.95$399.95 
Preview Commercial Loan Officer$399.95$299.95 
Preview Understanding FHA Loans$499.95$299.95 
 
 
Loan Officer Training Preview     $249.95
 
This course is designed for those who are interested in starting a career as a loan officer or for those who feel they need more training to succeed as a loan officer.  This course is very comprehensive and easy to follow for those who not yet completely understand the role of a loan officer.
Chapter 1
Introduction to mortgages and interest rates

This chapter talks about the different types of mortgages and interest rates, who is who in the mortgage business, Note, PMI, APR, etc.
Chapter 2
Ownership and Property Type  

Gives you the different types of property ownerships and different types of housing. Talks about the borrower, co-borrower, commercial property and raw land.
Chapter 3
Loan Processing

This chapter goes over loan processing such as the loan application (1003), disclosures, credit report, Loan-to-Value, income documentation, tax returns, etc.
Chapter 4
Closing Costs

Goes over the closing costs, discount points, loan origination fee, appraisal fee, credit report fee, underwriting fee, attorney's fees and all other costs of closing a loan.
Chapter 5
Appraisal

Talks about "What is an Appraisal". Goes over the different terminology that is being used regarding appraisals such as market value, adjustment, etc.
Chapter 6
Deed and Title Insurance

Goes over the different types of deeds such as warranty deed, security deed, quick claim, land contract and title insurance
Chapter 7
Loan Approval and Commitment

This chapter talks about loan approval, loan commitment, loan terms, prepayment penalty, rate lock and government requirements like RESPA, Regulation Z, etc.
Chapter 8
Loan Application and Disclosures

Gives you detailed insight on how fill out a loan application and which types of disclosures that you will need.
Chapter 9
Good Faith Estimate and Truth-in-Lending

Gives a basic understanding of good faith estimates and the different types of fees involved with the good faith estimate and truth in lending.
Chapter 10
Debt Ratio: How much house you can afford

Deals with how to figure debt to income ratios .  How to pre-qualify borrowers and how to figure out the amount a customer can afford to spend on their new house.
Chapter 11
Important Facts and Guidelines

Discusses various guidelines that are available to you and how to make them work for you client e.g. conforming and non-conforming loans, VA and FHA loans and second mortgages.
Chapter 12
Successful Closings

Teaches you how to make your closings go smoother .  How to read a HUD-1, as well as how to manage your whole transaction from start to close.
Chapter 13
Sales& Marketing

This chapter shows you proven ways to get and keep clients like how to effectively use your business cards and various ways to generate leads and covers many useful marketing strategies and tools like how to advertise, when to advertise, and getting the most out of your marketing dollar . It touches on TV ads, radio ads, print ads, billboard ads, direct mailings, yellow page ads, and fax marketing . Also covered is mastering the sales and cold calls, 78 ways to get business, motivation and positive thinking, how to use business cards effectively, and goal setting for success.
Chapter 14
How to organize your Business and Time Management

This chapter explains how to organize and run your business successfully . Among the topics discussed are: making use of a daily organizer, computer organization, business cards, rate sheets, program guidelines, and much more . Simultaneously this chapter helps you make productive use of your time, as you know your success or failure depends on how well you manage your time. Many good loan officers fail due to poor time management. This chapter will show you how to work smart instead of how to work hard. How to hark time for not only your career, but free up time to spend in other aspects of your life that are important to you. Also covered is telephone etiquette, delegation, how to minimize interruption, and much more.
Final Exam
Each chapter has a quiz at the end of them to insure that you have learned what you need to succeed and at the end of the course you will be required to take a test and successfully pass it in order to receive a certificate of completion.
 
 
Loan Processor Preview    $249.95
 
This course is designed to teach you how to be a loan processor, whether you are a beginner or a person with experience. We have a comprehensive lesson that helps you understand information that can help you launch your career as a loan processor or improve your processing skills. It is also helpful if you have experience as a loan officer, who would like to do both be a loan officer and process loans or a loan officer who would like to get a better knowledge of what processing loans are all about. The class is very inexpensive to take and can be taken in the convenience of your own home.
Chapter 1 - Chapter 7
These chapters are designed to go over the different views of the mortgage industry. Like chapter 1 is the introduction to the mortgage and rates. It deals with the terminology of different types of mortgages and rates. Chapter 2 deals with the types of ownership and property. Chapter 3 deals with the loan process. Chapter 4 deals with closing costs. Chapter 5 deals with appraisals. Chapter 6 talks about types of deeds and title Insurance and chapter 7 talks about loan approval and loan commitment. These chapters are designed to make you familiar with different aspects of the mortgage process. It is simple to understand.
Chapter 8
Getting organized - 

This chapter covers "What is loan processing", "Who are the players", "How to organize", and "How to set up system" such as processing work sheet, processing conversation log, reports, time management, understanding what the problems are, and keeping track of time management.
Chapter 9
Loan disclosure, regulation and compliance - 

This chapter covers what types of disclosures are required for different loan programs. Such as what are the general types of disclosures, HMDA, RESPA and HOEPA regulations. This chapter coves all different types of rules and regulations which will protect you from breaking any lending laws As you know your name will be on the loan file for 5,10, or 30 years if the loan is not paid off.
Chapter 10
Loan programs and guidelines-

This chapter covers loan programs which help you to understand whether or not a loan can meet the guidelines of processing.   Loan programs are: Conventional or conforming (FannieMae or Freddiemac) government loan programs, FHA, VA and Farmer home loans; Non-conforming or sub-prime loans. Also covers 2nd mortgage loans, talks about fixed rates, adjustable rates, 5/25, 7/23 loan programs. This chapter helps you to get enough knowledge so you can process loans successfully.
Chapter 11
Processing the loan - 

This chapter talks about actual processing. How to get started, organize your files, set up a tracking system, manage your time and analyze your file, order the credit report, appraisal, title, VO's (VOD, VOR, VOL, VOM and VOE) and flood certification, review of sales contract, review completed 1003 loan application, check debt to income ratio; prepare good faith estimate and truth in lending, what income counts, source of down payment and credit analysis.
Chapter 12
Loan submission, loan approval- 

This chapter covers conforming, FHA, VA, Non-conforming, NIV and 2nd loan submissions. This chapter talks about loan approval; and fee sheet.
Chapter 13
Loan closing and review of  HUD-1-

After all this is what you are working for. This chapter explores the many different aspects of the closing like providing a document checklist, a review of the sales contract, the good faith estimate, the closing statement (HUD-1), the appraisal, title insurance, the survey, home owner's insurance, and how to effectively manage the whole process.
Chapter 14
This chapter covers different terminology for the processor to understand.
Final Exam
We have a test following each chapter then at the end of the class follows a final exam. After you successfully pass the final exam we will mail a certificate of completion. Good luck to you.
 
 
Understanding FHA Loans Preview $299.95
 
This course is designed for those who are Loan Officers and Processors in need of FHA training.  This course is very comprehensive and easy to follow for those who do not yet completely understand the FHA Guidelines.
Chapter 1
FHA Loan Programs
Chapter 2
FHA Loan Amounts, LTV Loan Limits and MIP
Chapter 3
Loan Applications and Disclosures
Chapter 4
Good Faith Estimate and Truth and Lending
Chapter 5
Basic Eligibility for FHA loans, Loan Assumptions, Well and Septic
Chapter 6
Important Facts Such As Credit Requirements, Income Requirements, Down Payment Requirements And Assistance
Chapter 7
Purchase Transaction
Chapter 8
Refinance and Streamline Refinance
Chapter 9
The Loan Process, Documents needed, Case Number, CAIVRS Number, Credit Report and Appriasal
Chapter 10
New Contruction
Final Exam
We have a test following each chapter then at the end of the class follows a final exam. After you successfully pass the final exam we will mail a certificate of completion. Good luck to you.
 
 
Understanding VA Loans Preview
 
 
Underwriter Training Preview                    $399.95
 
This chapter is designed for those who want to be an underwriter or a loan processor that wants to be an underwriter and needs training. This program is designed for easy understanding in a simple manner so you can use your knowledge.
Chapter 1
Review your 1003 Loan Application

This chapter covers a complete 1003 loan application. Section I through X covers general disclosures, FHA, and VA disclosures, you will also learn how to review a sales contract for purchases. You will learn what to look for in a sales contract such as legal description, sales price, and who will be paying the closing costs. You will learn who is holding the earnest money, closing date, special stipulations, water and sewer, and personal property.
Chapter 2
Good Faith Estimate/Truth in Lending Disclosure.  

This chapter covers Good Faith Estimates and Truth In Lending, you will learn about items payable in a loan (800 series), prepaid items (900 series), reserves (1000 series), title charges (1100 series), recording and transfer tax ( 1200 series), and misc. charges (1300 series),you will learn all the fee related to a loan. A Truth In Lending shows, you number of total payments, finance charge, and annual percentage rate (APR).
Chapter 3
Review of Credit History

In this chapter you will learn how to underwrite credit from the infill credit, factual data, tri-merge, and single line credit report and you will learn what alternate credit is, and how to review credit explanation letters, what risk score is. Underwriting with a previous bankruptcy and foreclosure you must use compensating factors.
Chapter 4
Review of Income Document.

This chapter is designed to teach you how to underwrite a borrowers income and to understand income documentation, you will also learn how to determine  employment stability, who’s income counts, such as such as W2’s, bonuses, overtime income, social security, interest income, alimony and child support, commission, how to figure business income, military income, mortgage differential income, unemployment and welfare.
Chapter 5
Review of Self-Employed Borrower

This chapter covers who is a self-employer and how to underwrite a self-employed borrower. It also covers the different business structures; such as sole proprietor; partnership; corporation; and s-corporation. How to go over and revue the self income analysis form 1084A and/or 1084B: what is a comparative income analysis form 1088: profit and loss (schedule C), gain and loss (schedule D), schedule E, schedule F, schedule B and Revenue Income; how to evaluate partnership tax returns and corporation tax returns.
Chapter 6
Review of Down Payment

The chapter covers the different types of sources for the down payment and how to underwrite the down payment, down payment from saving, payment from sales of current home, bridge loan, gift funds, sale of stacks and bonds, funds from work, funds from grant, funds from sale of fixed assets, funds from secure loan, funds from tread of equity, fund from lease purchase and funds from trust account.
Chapter 7
Review of Appraisal

This chapter is how to underwrite the appraisal. The first portion covers the different terminology. Then the rest covers what is a uniform residential report: how many sections are in the report, how to read the report, what is zoning and what you should look for as a red flag.
Chapter 8
Disclosures, Regulations and Compliance 

This chapter covers disclosures;  what are general disclosures, FHA and VA disclosures, Equal Opportunity Disclosures, RESPA Disclosures, Truth and Lending requirements, Home Owner Protection Act for PMI, Flood Disaster Act Notice, Adjustable Rate Disclosure, Fair Credit Reporting Act Notice, Privacy Act, Fair Housing Act, HMDA regulation C HUD-1, RESPA and kickback and unearned fee, Right to cancel and HOEPA. This chapter helps you to understand the Law Rules and Regulations so you can protect yourself
Chapter 9
Underwriting the Borrower

This chapter covers how to underwrite the borrower. How to understand the underwriter's objective, responsibility, analyzing the credit package, 1008 and how to analyze a file..
Chapter 10
How to Prevent Fraud

This chapter is designed to teach you "How to prevent fraud". Fraud is one of the things you must watch out for or otherwise you could get into some legal problems. This chapter is a course on how to prevent fraud, how to verify income, how to verify the social security number and how to verify the Federal ID number for each state.
Chapter 11
Prior to and Closing conditions.

This chapter covers prior to closing conditions and closing conditions when you are at the closing table.
Chapter 12
Review of Title and Final Approval

This covers how to review title, how long the has own the property, a 12 month chain of title, who are the lien holders, is there any other liens, and how to check if there are any clouds in the title. Then the final approval and the clear to close.
Chapter 13
Understanding Online Approval (DU/DO;LP)

They say online approval is easier and better for underwriters to understand. Freddiemac has Loan Prospector (LP) and Fanniemae has desk top underwriting (DU)/Desktop origination (DO). This chapter is a course on how to use the technology.
Final Exam
Each chapter has a test at the end and the end of the course you have a final exam. After you pass the final exam we will mail you your certificate of completion. Good Luck.
 
 
Commercial Loan Officer Preview $299.95
Chapter 1- Introduction Commercial and Business Loan
 
Chapter 2- Understanding Commercial Loan and Business Loan
 
Chapter 3- Commercial Pre-qualification and Loan Application
 
Chapter 4- Document required and fees agreement
 
Chapter 5 - Commercial Application Loan Processing
 
Chapter 6- Commercial Loan Credit Qualification
 
Chapter 7- Commercial Lender
 
Chapter 8 - Commercial Loan Good Faith and HUD-1
 
Chapter 9- Commercial Loan Analysis and Approval
 
Chapter 10- How to get business (Marketing and Sales)
 
Chapter 11- What Commercial Loan Officers must know
 
Chapter 12 - Glossary
 
Chapter 13-Final Test
Each chapter has a test at the end and the end of the course you have a final exam. After you pass the final exam we will mail you your certificate of completion. Good Luck.
 
Realtor Training Preview
 
 
Sales Training Preview
 
 
Customer Service Preview
 
 
Receptionist Preview
 
 
Administrative Assistant Preview
 
 
Broker Assistant Training Preview
 
 
Loan Officer Assistant
 
 
Loan Officer Branch Manager
 
 
Managing Broker
 
 
Sales Manager for Brokers
 
 
Sales Manager for Real Estate Agents
 
 
Public Relations
 
 
 
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