BACK
Loan
Officer Boot Camp
This class is approved for continuing education in CA, FL, GA,
IL, IN, LA, MD, MT, NV, OH, OK, PA, SC, TX and WV.
Loan Officer
Boot Camp is a 2-day seminar designed for new and slightly experienced
Loan Officers. A thorough explanation of the basics will be covered.
Topics Covered:
- Mortgage
terminology
Application
(1003) – explaining each section to speed-up processing time and reduce
underwriting conditions with proper technique and documentation
- Good Faith
Estimate and Truth-In-Lending, including calculations incorporating Annual
Percentage Rate (APR) and Amount Financed. Calculations explained “by-hand” to
effectively explain to clientele.
- Advanced
prequalification techniques with in-depth prequal workshop
- Loan
origination strategies, techniques, and “street-level” practices
- Rate sheet
pricing procedures
- Credit and
credit counseling
- Explanation of
Fannie Mae, Freddie Mac, Portfolio, Niche, and Sub-Prime mortgage products
Reference Manual:
- Very detailed
with information from application to closing (in order) · Detailed glossary
with industry terminology
- Addendums
section includes file documentation
Class
Specifications:
- Interactive
class encouraging student participation · Hold no more than 35 students for
optimum education
- Trainer staff
with an average of 15+ years experience in the industry and still partaking in
area of training
Includes
- Detailed
reference manual, handouts, and certificate of completion ·
- Certificate of completion serves as proof of education (To view
your state’s requirements and MTI’s approval for this class click
here
)