20 Hour FEDERAL SAFE NMLS Review Course
This course, MLO-Review, is designed for individuals who have completed the 20 Hour NMLS Pre-licensing Education Requirement but need additional instruction to help them better understand the material. The course provides 6 months of access to the material and the coursework MLO-Review provides a detailed analysis of the laws and regulations covering the origination of a mortgage loans. MLO-Review gives students basic mortgage information and skills necessary to originate a compliant mortgage loan. This Course...
Financing Insurance Requirements
Outline Private Mortgage Insurance (PMI) How Mortgage Insurance Works PMI Premiums PMI Cancellation Secondary Financing Combined Loan-to-Value (CLTV) Conditions Lender First and Lender Second Repayment Methods on Second Mortgages Assumption of Conventional Loans Other Insurance Requirements Conventional – Private Mortgage Insurance (PMI) FHA – Upfront Mortgage Insurance (UFMIP) FHA – Monthly Insurance Premium (MIP) Homeowner’s (hazard) insurance Flood insurance HO6 condominium insurance Content insurance Forced Placed insurance Learning Objectives Understand the Lender...
Mortgage Professional Fundamentals Flex Pak
This program offers a choice of paying only for the courses you want of the 20+ sessions offered in the Mortgage Professional Fundamentals program. By selecting multiple sessions you pay as low as $20 per session. Only choose the topics you want. The Mortgage Professional Fundamentals course is designed for individual Mortgage Loan Originators who are working for a depository or credit union and do not need NMLS licensing education credits. It is also for...
Conventional Financing
Outline Conventional Financing Traditional Conventional Loans 15-Year Mortgage Loans Conforming versus Nonconforming Loans Conventional Loan Programs 80% LTV Conventional Loan Higher LTV Loans Learning Objectives Comprehend overview of mortgage marketplace Learn about conventional loans Know the different types of conventional loans Identifying non-conventional loans Determine how conventional loans easier to obtain by : Being insured by private mortgage insurance (PMI) ...