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Mortgage Industry
Outline A Brief History of Mortgage Lending The Story of Mortgage Lending Key Terminology Government Agencies Federal Housing Finance Agency (FHFA) Federal Housing Administration Industry Participants – Primary Mortgage Markets Commercial Banks Savings and Loan Associations Mortgage Companies, Bankers, and Brokers Other Primary Mortgage Market Lenders Secondary Mortgage Markets Function of Secondary Markets The Flow of Mortgage Funds Secondary Markets Agencies Secondary Market Standards Present Day Mortgage Lending The Subprime Mortgage Crisis Learning Objectives...
210students$49 -
How Originators Work
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...
210students$49 -
Loan Originator Licensing
Outline: Home Economic Recovery Act (HERA) Nationwide Mortgage Licensing System and Registry Creation of the NMLS Objectives of the SAFE Act Definitions of Mortgage Functions Entities Regulated State Licensing Requirements Entities regulated Education and Testing Licensing Renewals Exclusions and Exemptions Registered Licensing Requirements Relationship between Federal and State Laws covering mortgage originators Investigations, examinations and penalties Learning Objectives: Understand the objectives of the SAFE Act. Understand the licensing requirements for Mortgage Loan...
111students$49 -
Mortgage Professional Initial Assessment
This session is used to develop a baseline for your educational plan. We seek to understand your current level of knowledge of the laws and regulations covering mortgage loan origination. Students who score over 80% on the initial assessment or students who have taken the CLOES.online 20 Hour SAFE Act Course are exempt from talking the fundamentals course.
00student$99
