IIRF Online > Business > Real Estate > Mortgage > Start a Profitable Career as a Mortgage Loan Originator
Start a Profitable Career as a Mortgage Loan Originator by Udemy
Learn from the president and CEO of Finibi Mortgage, Joe Correa, how the entire mortgage process works
Course Highlights
- You will be able to understand how the general mortgage process works
- You will be able to start a new career as a Mortgage Loan Originator once you pass state exam
- You will understand what documentation is needed to submit a loan
- You will learn how to complete a Uniform Residential Loan Application (1003)
- You will learn how to prequalify a borrower
- You will understand key mortgage terms and calculations
- You will learn how to ready a tri-merged credit report
- You will know how to complete a loan application and disclosures on Calyx Point mortgage software
- You will be able to submit a loan to underwriting for approval
- You will understand how interest rates are determined and quote borrowers rates
- You will learn what the difference is between an owner occupied home, second or vacation home, and investment property
- You will learn where to find borrowers and how to get future referrals
- You will understand just how profitable it can be to start a career as a mortgage loan originator
- You will learn what DU and LP approvals are and how to obtain a desktop underwriting approval
- You will learn how to calculate a Debt-to-income ratio and the loan-to-value for specific cases
- You will learn how to complete an application for an owner occupied home, second or vacation home, and investment property
Skills you will learn!
Curriculum
14 Topics
Benefits of becoming a mortgage loan originator introduction
What are the benefits of this course?
Mortgage loan originator benefits
Why become a mortgage loan originator introduction?
Who should become a Mortgage Loan Originator?
About the instructor
What is Finibi Mortgage?
Loan programs offered by Finibi Mortgage
Finibi Mortgage is now hiring mortgage loan originators
Does everyone qualify for a home loan?
How much can you make as a mortgage loan originator?
How to get started?
Requesting an account with NMLS
Creating a steady stream of passive leads
29 Topics
Prequalifying a borrower
How to prequalify a borrower
Prequalifying a borrower using an online platform
What is a preapproval letter?
Credit requirements
What is a 1003?
Reading and understanding a Uniform Residential Loan Application
Calculating assets needed
What is LTV and how to calculate it?
Calculating the debt to income ratio
Calculating PITI
What is an LOS?
Calyx Point: Uniform Residential loan application on an owner occupied home
Calyx Point: Uniform Residential loan application on a vacation home
Calyx Point: Uniform Residential loan application on an investment property
Calyx Point: Learn to print and save a loan package
Saving a Fannie Mae file on Calyx Point
What is mortgage insurance and how is it calculated?
What is a loan estimate?
What are loan disclosures?
How to read a loan estimate and disclosures
Types of loans and loan programs borrowers can apply for
What is the Home Loan Toolkit?
What are digital loans and why are they good?
How are interest rates calculated?
What is mortgage insurance and how to calculate it?
What's a loan preapproval and why is it useful?
How to quote an interest rate to a borrower
Important website links to remember
5 Topics
The process of closing a home loan
What are "DU" and "LP"?
Understanding a Desktop Underwriter approval
Preparing a loan to send to underwriting
How to read an underwriting approval?
4 Topics
How to renew your license
What are the best sources of referrals?
Thank you
Bonus: What I recommend
Start a Profitable Career as a Mortgage Loan Originator
Related Mortgage Courses
_ Part I.webp)
_ Part II.webp)
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