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Course/Product Description

Title:

Training System for New Originators

Description:

Training System for New Originators
If you are new to the mortgage business or have the job of recruiting or training new originators - this training program is just what you need to get up and running in the shortest amount of time.

Jeannine Doyle, with 25 years in the mortgage business, has created a package with technical training, coaching, and sales & marketing ideas – all guaranteed to provide immediate results!

Here's what it includes:
  • Managing the Mortgage Maze Textbook
    This is a 218-page beginner's training manual on everything you need to know about the mortgage process (Table Of Contents appears below)

  • Managing the Mortgage Maze Workbook
    This workbook includes 300 questions to take the learning process to a deeper level and speed up the understanding of all the concepts outlined in the textbook.

  • Is Becoming a Mortgage Professional Your Ticket to Success? CD
    Two Audio CD's on how new loan originators should approach their business today.

  • Mortgage Pro's Show You the Way CBD
    Five audio CD interviews with top originators who discuss their proven strategies for success.

  • Want More Loans - Stop Calling on Realtors CD
    Audio CD where Ms. Doyle provides unique ideas that most loan originators never think of!

Table Of Contents
- Managing the Mortgage Maze Textbook -

Chapter 1. The Mortgage Application
  • Most Frequently Asked Questions About the Mortgage Application
    Completing the Application - the 1003
  • Completing the Transmittal Form - 1008
  • The Paper Trail...Information and Documents
  • Documents Provided at Time of Application
  • Explaining the Loan Disclosure Form
  • USA Patriot Act Customer Identification
  • Being In Compliance
  • Section 32 Mortgages
  • Yield Spread Premium Issues
  • The Good Faith Estimate
  • When to Re-Disclose
  • Federal Truth-in-Lending Form
  • Annual Percentage Rate
  • Verifications of Employment, Deposit, Mortgage and Rent
Chapter 2. Qualifying for a Mortgage
  • The Mortgage Process
  • How To Use a Mortgage Calculator
  • Pre-Qualification/Pre-Approval
  • Qualifying Questions
  • Qualifying Ratios
  • How to Calculate Income Ratios
  • Calculating Cash Flow from Income Property
  • The Sales Contact
  • The Self-Employed Borrower
  • The No-Income Verification Loan
  • Menu of Stated Income Programs
Chapter 3. The Credit Game
  • Credit Reports - An Overview
  • Interpreting Credit Report Symbols
  • Credit Scoring
  • How an Underwriter Looks At Credit
  • Less than Perfect Credit
  • Compensating Factors for Less than Perfect Credit
  • Credit Denials
  • Overcoming Bad Credit
  • No Credit History - No Problem
  • Establishing Credit
  • Non-Traditional Credit Reports
Chapter 4. Don't Blow the Deal!
  • Loan Officer Responsibilities
  • Loan Processor Responsibilities
  • Processor's Top 10 Wish List
  • Processing Review and Follow up
  • Submitting the Loan Package to the Investor/Lender
  • Underwriting
  • Top Ten Reasons Loans Are Rejected
  • Preparing for the Closing
  • Mistakes Loan Officers can Make with a Loan
  • Mistakes Processors can Make with a Loan
  • Mistakes Underwriters can Make with a Loan
Chapter 5. Interest Rates
  • Key Factors Affecting Interest Rates
  • Locking in an Interest Rate
  • How Does a Lock-In Work
  • How Long to Lock-in a Loan
  • Points/How Loan Officers Get Paid
  • Point Jargon
Chapter 6. Loan Programs
  • Finding the Perfect Fit
  • Adjustable Rate Mortgages
  • Balloon Mortgages
  • Bi-Weekly Mortgages
  • Community Home Buyer Program
  • Fixed Rate Mortgages
  • Interest Only Loans
  • Temporary Buy-Downs
  • Two-Step Mortgages
Chapter 7. Other Forms of Mortgages & Financing
  • Refinances
  • Home Equity Loans
  • Sub-prime / Non Conforming Mortgages
  • Sellers as Lenders
  • Builder Financing
  • Shared Equity / Non-Resident Investor
  • Reverse Annuity Mortgages
  • Lease Option
  • How to Purchase Property with No Money Down
Chapter 8. The Home Stretch
  • Appraisals
  • Flood Insurance
  • Escrows
  • Title Insurance
  • Hazard Insurance
  • Closing Costs
  • RESPA Closing Statements
  • When is the Best Time to Close on a Mortgage
  • No Mortgage Payment this Month
Glossary
Appendix
About The Provider: LoanOfficerTraining.com provides step-by-step sales and marketing ideas to help the mortgage loan originator increase their business.

Owner Karen Deis has been in the mortgage business for 28 years and knows what it takes to implement sales and marketing campaigns and strategies.

She sifts through thousands of marketing ideas and concepts for the mortgage loan originator to save you time, make you more money, and provide you with timely information on honing your skills and increasing your business!
Price: $487.00
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Feature Items
Fundamentals of Loan Processing
Fundamentals of Loan Processing
FHA Reverse Mortgages
FHA Reverse Mortgages
NMLS / Safe Licensing
NMLS / Safe Licensing
FHA Direct Endorsement - DE Underwriting
FHA Direct Endorsement - DE Underwriting
FHA Quality Control Plan - Complete Plan Customized For Your Firm
FHA Quality Control Plan - Complete Plan Customized For Your Firm
Power Telemarketing
Power Telemarketing
Effective Executive Speaking
Effective Executive Speaking
Autopilot Referral Systems Program
Autopilot Referral Systems Program
The Complete FHA & VA Originations Guide
The Complete FHA & VA Originations Guide
Mortgage Sales Academy
Mortgage Sales Academy
Certified FHA Credit Examiner (NAMP®-CFCE)
Certified FHA Credit Examiner (NAMP®-CFCE)
Certified Reverse Mortgage Advisor Designation
Certified Reverse Mortgage Advisor Designation
Certified Loan Modification Officer
Certified Loan Modification Officer
Assertiveness Training Seminar
Assertiveness Training Seminar
The 7 Habits Of Highly Effective People
The 7 Habits Of Highly Effective People
Certified Foreclosure Specialist
Certified Foreclosure Specialist
Designations/Certifications
Mortgage Certifications Kentucky Mortgage Broker License Ohio Mortgage Broker License
NMLS Licensing / NMLS Training Louisiana Mortgage Broker License Oklahoma Mortgage Broker License
Alabama Mortgage Broker License Maine Mortgage Broker License Oregon Mortgage Broker License
Alaska Mortgage Broker License Maryland Mortgage Broker License Pennsylvania Mortgage Broker License
Arkansas Mortgage Broker License Massachusetts Mortgage Broker License Rhode Island Mortgage Broker License
Arizona Mortgage Broker License Michigan Mortgage Broker License South Carolina Mortgage Broker License
California Mortgage Broker License Minnesota Mortgage Broker License South Dakota Mortgage Broker License
Colorado Mortgage Broker License Mississippi Mortgage Broker License Tennessee Mortgage Broker License
Connecticut Mortgage Broker License Missouri Mortgage Broker License Texas Mortgage Broker License
Delaware Mortgage Broker License Montana Mortgage Broker License Utah Mortgage Broker License
Florida Mortgage Broker License Nebraska Mortgage Broker License Vermont Mortgage Broker License
Georgia Mortgage Broker License Nevada Mortgage Broker License Virginia Mortgage Broker License
Hawaii Mortgage Broker License New Hampshire Mortgage Broker License Washington Mortgage Broker License
Idaho Mortgage Broker License New Jersey Mortgage Broker License West Virginia Mortgage Broker License
Illinois Mortgage Broker License New Mexico Mortgage Broker License Wyoming Mortgage Broker License
Indiana Mortgage Broker License New York Mortgage Broker License Wisconsin Mortgage Broker License
Iowa Mortgage Broker License North Carolina Mortgage Broker License Accredited Home Staging Specialist
Kansas Mortgage Broker License North Dakota Mortgage Broker License Certified Mortgage Professional (CMP)
Professional Development
How To Become A Loan Officer Loan Processing Training Marketing Ideas For Mortgage Professionals
FHA Training Mortgage Underwriting Training Mortgage Prospecting Ideas
FHA 203k Training Mortgage Broker License How To Find Mortgage Prospects
VA Training Mortgage Broker Training Reverse Mortgage Training
Commercial Mortgage Broker Training Mortgage Broker License Requirements Marketing To Realtors
Become A Loan Officer Online Mortgage Lender Licensing Chart Loan Modification Training
Loan Officer Training Mortgage Underwriting Guidelines How To Get Referrals From Realtors
Loan Officer Classes Mortgage Broker Software How To Fill Out Mortgage Forms
Loan Processor Training Mortgage Marketing Tools