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Intermediate Origination #203

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 Surviving your first 90 days as an originator!

Congratulations for becoming a licensed loan originator. It wasn't easy and you are to be applauded for your hard work and efforts.

But now you need to know how to function in your job!

Your pre licensing training only covered the very basics of the mortgage industry. We know you thought it was a lot of information but in actuality it was only the tip of the iceberg. Your 20 Hour SAFE Comprehensive training was designed to make you aware of the Federal regulations which regulate our industry and an overview of how mortgage origination works.  It was just the basics and nothing more. You now are legally licensed but your level of competency must to raised very quickly for you to survive against more experienced and knowledgeable loan originators. It all has to do with your industry knowledge and confidence.

  • Getting Organized
  • Doing the numbers
  • Understanding what the numbers mean
  • Detailed instruction on how to complete the Good Faith & Truth In Lending disclosures for conforming loans
  • How to interview and pre-qualify borrowers and what program is  the best suited to help the borrower
  • Providing required disclosures 
  • Detailed FHA Instruction on Purchases and Refinance

 

2 Days Classroom Instruction ( Marietta, GA )

$235.00  Register here

What is included in your Training

  • Manual  # 1 Guidelines For Taking A Detailed Loan Application
  • View The Table of Contents
  • Manual # 2 Understand FHA & VA Loans For Loan Originators
  • View The Table of Contents 
  • Day 1   Case Study # 1 Completing the Good Faith Estimate  with and without Yield Spread Premium
  • Day 2   Case  Study #2 Completing a FHA Good Faith Estimate on a Purchase & Refinance

 

Over View Of Our 2 Day Program   

Day 1 

Morning    

  • Completing a Good Faith Case Study and Completing a Truth In Lending Disclosure Worksheet 

Afternoon    

  • Guidelines for taking a detailed loan application
  • Getting Organized
  • Pre-Application Interview 
  • Face to Face Interview
  • Pre-qualifying the borrower
  • Understanding Qualifying Ratios
  • Competing The 1003 Application
  • Declarations &  Required Disclosures

Day 2

Morning

Understanding FHA for Loan Originators

  • Advantages & Disadvantages
  • FHA versus Conventional

Afternoon

  • Completing a FHA Purchase Transaction
  • Completing a FHA Refinance Transaction