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: Power Points, Video PowerPoint…
Outline Loan to Value Ratio (LTV) Qualifying a Borrower Credit Ability to repay Property Eligibility Assess Risks Analyzing Borrower and Property Capacity Credit Collateral Analyzing assets Down payment Reserves…
Outline Credit Reports and Scores Credit Repositories Consummation Consummation Closing Disclosure Clearing Title Conditions Settlement Reconciliation Down payment Reserves Third Party Verification Gifts Proration and Expenses Calculating Per Diem…