Course/Product Description Title: Reverse Mortgage Training Kit Description: A Reverse Mortgage is a unique loan that allows certain homeowners to convert a portion of the equity in their home into cash, without selling or giving up title. Your "Reverse Mortgage Training Kit" teaches you how to use and market reverse mortgages to help your clients and prospects and grow your practice! Included Marketing Tools Your "Reverse Mortgage Training Kit" includes the following invaluable tools: A printed folder of news articles showing the benefits of reverse mortgages Flip Chart for In-Home presentation with the homeowner 350 page 3 ring binder of Rules and Regulations 8 CD's and DVD's to help you along the way Course Objectives We Train Loan Officers To: Speak to more people that may be interested in a Reverse Mortgage Complete a loan application accurately and legibly How to properly stack an application Perform their tasks and return conditions that make sense the first time Understand the details and variables of a Reverse Mortgage and how to share it with a Senior Use our Reverse Mortgage Website as a way to generate income Offer a Reverse Mortgage as a service and not a product Use the GFE financial calculator Explain GFE's, TIL's, APR's, and closing costs to borrowers so they understand them Improve Communication skills Improve House call skills Get a commitment from a borrower Understand secrets (there are four!) of successful loan officers Understand specific and tested marketing programs that will bring in business - guaranteed Utilize direct mail pieces, lead companies, fundraising programs, email ideas, website solutions, inexpensive advertising ideas, pre-written letters, flyers, knowing how to cultivate referrals and more Federal Regulations & Compliance: Equal Credit Opportunity Act Annuity Disclosures for Reverse Mortgages Notice Regarding Your Right to an Appraisal Report (RESPA) Disclosures Good Faith Estimate Addendum to Good Faith Estimate Mortgage Servicing Transfer Disclosure Truth-in-Lending Notice of Right to Cancel Guidelines for Taking a Detailed Loan Application: Getting Organized Conversation Sheet Things to Do Today The Pre-Application Interview Additional Information Checklist The Face-to-Face Interview Explain the Reverse Mortgage Program How Much the House is worth How to get the payoff amount from the Mortgage Lender Addendum to Good Faith Estimate Lock-In Agreement The Truth-in-Lending Disclosure Completing the Loan Application Checklist of Documents Needed at Loan Application Equal Credit Opportunity Notice Notice Regarding Your Uniform Residential Appraisal Report Mortgage Servicing Transfer Disclosure Authorization to verify credit Processing the Loan: Required Documents The Mortgage Credit Report The Uniform Residential Appraisal Report Answers to the Most Frequently Asked Questions Submitting the Loan Package Documentation Needed Checklist Don't wait! Act today to make Reverse Mortgages a part of your practice! About The Provider: ReverseMortgageTraining.ORG provides in-person and self-study training on using reverse mortgages as part of your practice. Price: $399.00 More Info: Contact Us For More Information To order this product by check/invoice or credit card, enter desired quantity here >>> Qty:

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