Mortgage Advisor Compliance Program

Debra Killian
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$697
Fieldpoint MAP

This 18-hour program is designed to provide general knowledge of residential mortgage lending for financial professionals that are employed in an advisory capacity.

The program is designed to be taken over a 4-6 week period.

The course includes the required compliance of federal laws in originating a mortgage application.  It also provides advisors  in the financial field with general loan level concepts and principles that underwriters and credit policy requires.

Each one-hour episode is a self contained topic.  The cumulative result is a broad overview of residential lending.

 

Course Features

  • Lectures 0
  • Quizzes 0
  • Duration 18 hours
  • Skill level Intermediate
  • Language English
  • Students 0
  • Certificate No
  • Assessments Yes
  • 00 Introduction

    A brief overview of what to expect and the perspective to learn from.

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  • 1 IMPACT

    Every time we interact with a client, co-worker, real estate agent and we have a psychological, emotional and financial IMPACT on their life. Learn about your impact and change the way you see client challenges..

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  • 2 Federal Laws - Truth in Lending

    The federal Truth in Lending Act has wide and serious consequences when the law is violated. Learn the dos and don'ts in residential lending.

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  • 3 Federal Laws - RESPA

    The federal Real Estate Settlement Procedures Act is continually challenged by mortgage settlement service providers. Learn how to remain compliant.

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  • 4 Federal Law - ECOA

    The federal Equal Credit Opportunity Act has long reaching tentacles through financial transactions of all types. Learn how to comply with ECOA in a residential mortgage transaction.

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  • 5 Finance Instruments

    Real estate financing has many legal consequences for lenders and borrowers. Learn the terminology and what documents transfer what authorities and power.

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  • 6 Interests in Real Property

    Ownership in residential real estate comes with rights and restrictions. Learn the terms and rights of residential property.

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  • 7 #MP Origination Activities

    Mortgage loan originators have specific duties and requirements according to federal law. Learn about residential real estate transaction types and why consumers need mortgage financing.

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  • 8 The 1003 & Credit Reporting

    Every transactions starts with a complete and accurate mortgage application and a credit report. Learn how to start the file for a successful transaction.

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  • 9 MP Documenting the File

    Mortgage transactions require that all statements and data be verified by third parties. Learn how to collect and review documentation.

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  • 10 11MP Conditionless Files - Are They Even Possible?

    Mortgage loans can directly impact the consumer's perception of your ethics and your ability to get them to closing. Learn how to anticipate all documents before they become added conditions.

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  • 11 6MP Qualifying Income

    Underwriters approve loans based on the consumer's ability to repay. Learn how to determine the ability to repay and calculate qualifying income.

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  • 12 7 MP The IRS and Tax Reporting

    Qualifying income is different than taxable income. This episode shows how to identify legitimate sources of income for qualifying for a mortgage.

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  • 13 14 MP Appraising the Collateral

    Without real estate lending would be even riskier than it is with collateral. Learn how lenders look at the collateral pledged.

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  • 14 PE 13Nontraditional Products

    The SAFE Act defined nontraditional products. Learn what they are and how they impact the way you disclose to a consumer.

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  • 15 PE14 Adjustable Rate Mortgages

    Adjustable rate mortgages are often misunderstood, under-disclosed and can be a great benefit to certain borrowers. Learn the components of ARMS and what consumers need to know about them.

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  • 16 PE 18 Ethics in Lending

    Ethical behavior is easy to identify. Unethical behavior in lending is even easier to identify. Learn what it means to comply by demonstrating knowledge of ethics.

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  • 17 PE19 Ethics in RESPA

    The ethics of working with affiliated parties in a real estate transaction can be tricky. Learn how to stay compliant and provide lower costs to consumers.

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  • 18 PE20 Ethics and Fraud

    Mortgage fraud is a broad term and usually involves an ethical challenge. Learn how ethical behavior can avoid mortgage fraud.

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Debra Killian

Debra Killian is a NMLS State Licensed Mortgage Loan Originator and Certified Residential Mortgage Specialist (CRMS), graduated from Western Connecticut State University, Danbury, CT with a B.B.A. in Accounting.

She has over 35 years of financial, banking, accounting and business experience. Since 1994 when she started originating retail residential mortgages she has directly overseen and managed in excess of $1 billion in closed residential real estate loans, representing thousands of customers.
Debra's experience and educational focus has given her an edge in the marketplace and a strong foundation as a passionate trainer for mortgage originators and Realtors offering customized sales and and mortgage-related training courses.

She utilizes a proprietary software system (LoanMgr) developed by her partner and husband Don DeRespinis, CPA, CRMS designed for compliance, transparency and constant communications with customers, clients, Realtors, attorneys and closing agents throughout each and every transaction.

In 2010, Debra co-authored one of the first NMLS approved 20-hour Pre-licensing SAFE Act courses, required for all state-licensed mortgage originators by Title V of the SAFE Act. She also develops for continuing education classes for Realtors.

In 2011, Debra and Don co-authored The Mortgage Professional, National Residential Mortgage Loan Originator which has been approved by the NMLS for the 20-hour pre-licensing course.

In 2014, she co-authored the MBA's School of Loan Origination(SOLO) I and II.

Past positions include Directors of the CT Mortgage Bankers Association (CMBA) and National Association of Mortgage Professionals (NAMB), Past President of the CT Mortgage Association (CMA) as well as served on the Education, FHA and Government Affairs committees of NAMB. Debra is one of only four originators in CT to earn the Certified Residential Mortgage Specialist (CRMS) designation and the first originator in CT to earn the Lending Integrity Seal of Approval from NAMB.

Debra speaks on a variety of topics to various professional groups and trade organizations and is available for custom course development and delivery.

She is a member of the NAMB, CMA, AIME, Northern Fairfield County Association of Realtors (NFCAR), Connecticut Association of Realtors (C.A.R) and the National Association of Realtors. (NAR).

$697

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