Outline
- Role of the Mortgage Loan Originator
- Key Terminology
- Closing Costs Details
- Common Fees Associated with Real Estate Loans
- The Role of an Originator
- Roles of Mortgage Participants
- Mortgage Math
- Mortgage Note and Interest
- Annual Percentage Rate (APR)
- Interest per Diem
- Interest in arrears
- Payment Amount
- PITI
- Refinance Transactions, Purchases and Pre-qualifications
- Pre-approval
- Pre-qualification
- Completing the Loan Application
- Data Needed for an Application
- The Loan Application
Learning Objectives
1. Identify the role of the mortgage professional
2. Learn differences between Prequalification and Preapproval
3. Learn about the loan process
Teaching Methods:
PowerPoints, Video PowerPoint Presentation and Optional Quiz
Course Features
- Lectures 2
- Quizzes 1
- Duration 1 hours
- Skill level All levels
- Language English
- Students 10
- Assessments Yes