| COURSE
AND STATE APPROVALS |
COURSE
SUMMARY |
TARGET
STUDENT |
| GROUP
ONE:
COURSES DESIGNED FOR BEGINNERS |
Course #100
Principals of Mortgage Origination
24 Hours
Satisfies FL (Continuing Education only), IL, IN, KS*, MD, OH*, SC*,
TX, UT,
and WV* Education Requirements |
Comprehensive explanation of technical aspects
of lending, from the initial application to underwriting. Considered
the “bible” by many users, Principles of Mortgage Origination
has been used by thousands of new loan officers. Includes chapters
on FHA/VA lending. |
New loan officer, new loan processor; existing
loan officer for review. |
| |
Course #110
Conventional Processing
24 Hours
Satisfies IL, IN, KS*, MD, OH*, SC*, TX, UT, FL
(Continuing Education only)
and WV* Education Requirements
|
Detailed explanation of technical aspects of lending
and the processor’s role; the importance of pro-active processing
and explanations of documentation and calculations. |
New loan processor or loan officer who processes
own loans. |
| |
Course #111
Processing for the Approval:
From Documentation to Underwriting
30 Hours
Satisfies TX, IL, IN, KS*, WV*, OH*, SC*, UT, FL
(Continuing Education only)
and MD Education Requirements |
Teaches the student to anticipate underwriting
standards or objections. Describes the underwriting view and is immediately
followed by the processing functions that therefore follow.
Students who have taken either Conventional Processing or Underwriting
the Conventional Loan should not take this course due to duplication
of materials. |
New processor or loan officer who wants to anticipate
underwriting requirements. Ideal student will have completed Principles
of Mortgage Origination or have at least one year’s industry
experience.
|
| |
| Course #101
Essentials of Mortgage Lending
30 Hours
Satisfies TX, IL, IN, KS*, WV*, OH*, SC*, UT, FL
(Continuing Education only)
and MD Education Requirements
Satisfies All MD Requirements in 1 course + MD supplement. |
In depth explanation of technical aspects of lending,
from the initial application to underwriting. Covers conventional
lending only and includes a full review of all Federal regulations. |
New loan officer; junior loan officer or loan officer
planning to become a broker. Includes technical chapters for new loan
officers and heavy emphasis on Federal Regulations for more advanced
originators. |
| |
Course #102
Mortgage Brokerage and Lending
45 Hours
Satisfies TX, KS*, WV*, UT, FL (Continuing Education only), WA*, SC*, IL, GA*, MD and IN, Education Requirements
Satisfies All MD, GA Requirements when taken with state supplement |
Designed for the financial professional who is
beginning a mortgage lending practice, this course is a comprehensive
explanation of technical aspects of lending, from the initial application
to underwriting. Includes chapters on FHA and VA Lending; section
on property and new construction and a thorough review of Federal
regulations. |
Complete course for professionals from related
industries that wish to establish a mortgage brokerage service. Comprehensive
coverage of technical aspects of lending; Federal regulations and
wholesale lending, including Trust Account management. |
| |
Course #103
Standards of Conventional Origination
15 Hours
Satisfies TX, IL, IN, KS*, WV*, OH*, SC*, UT, FL
(Continuing Education only)
and MD Education Requirements
|
Complete explanation of technical aspects of lending,
from the initial application to underwriting. Covers conventional
lending only |
New loan officer, new loan processor or existing
loan officer for review. No sections on FHA/VA loan programs. |
| |
| COURSE AND
STATE APPROVALS |
COURSE SUMMARY |
TARGET STUDENT |
| GROUP
TWO:
COURSES FOR EXPERIENCED PROFESSIONALS |
Course #130
Regulatory Study Guide, Federal
Statutes
20 Hours
Satisfies WA, TX, IL, IN, KS*, WV*, OH*, SC*, UT, FL
(Continuing Education only)
and MD Education
Requirements. If taking the course for WA or MD compliance purposes, the state
supplement must be completed as well. |
Comprehensive review of Federal regulations, their
reason for being and ethical issues that may surface. |
New loan officer, broker or branch manager.
Operations personnel charged with monitoring compliance. |
| |
Courses #130_(1-50)
State Regulatory Study Guides
4 Hours
FL, GA, KY, MA, MD, NC, NY, OH, OR, TX and WA. |
Descriptions of state laws and the practices a
broker or loan officer must follow in that state. |
New loan officer, broker or branch manager.
Operations personnel charged with monitoring compliance. |
| |
Course #131
Lending in the Northeast
20 Hours
Satisfies PA*, UT and MD Education Requirements
Pending in IN, OH |
Comprehensive review of Federal regulations, their
reason for being and ethical issues that may surface.
Descriptions of state laws and the practices a broker or loan officer
must follow in PA, NY and MA with special emphasis on Predatory
Lending (or high cost loans) requirements. |
New loan officer, broker or branch manager.
Operations personnel charged with monitoring compliance.
PA or Northeast lender who needs to meet state education requirements. |
| |
Course #141
Lending to New Americans
15 Hours
Satisfies WA, TX, IL, IN, KS*, SC*, UT, FL
(Continuing Education only)
and MD Education Requirements
|
Invaluable resource for those contemplating marketing
efforts into the immigrant community. Excellent operations material
included as well as creative underwriting and marketing tactics. Written
with company whose sole business is this niche. |
Loan officer with 1-year experience; manager or
broker; aspiring underwriter. In depth review of firm who has created
market in new Americans and their creative underwriting practices. |
| |
Course #150
FHA/VA Lending Basics
24 Hours
Satisfies TX, IL, IN, KS*, WV*, OH*, SC*, UT, FL
(Continuing Education only)
and MD Education Requirements
|
Well-researched and explained, this course is a
thorough review of the elements of FHA and VA lending. Includes detailed
calculation worksheets and instructions to complete needed forms. |
Experienced loan officer or processor; manager
or broker adding government loans. |
| |
Course #140
Underwriting the Conventional
Loan
15 Hours
Satisfies TX, IL, IN, KS*, WV*, OH*, SC*, UT, FL
(Continuing Education only)
and MD Education Requirements
|
Thorough review of underwriting standards and guidelines
for conventional loans. |
Loan officer with 1-year experience; manager or
broker; aspiring Underwriter. |
| |
Course #230
Underwriting the FHA Loan
15 Hours
Approved in WV, IN, IL, TX, UT, FL
(Continuing Education only)
, KS*, and MD
|
Careful review of FHA underwriting guidelines,
the differences between FHA and Conventional underwriting, and sources
for forms and standards. |
The underwriter or manager who needs to incorporate
FHA/VA lending capacity for his/her firm. |
| |
| COURSE AND
STATE APPROVALS |
COURSE SUMMARY |
TARGET STUDENT |
| GROUP
THREE:
COURSES FOR 12 CREDITS OR LESS |
Course #142
Analyzing Creditworthiness
12 Hours
Satisfies TX, IL, IN, KS*, WV*, OH*, SC*, UT, FL
(Continuing Education only)
and MD Education Requirements |
A careful review of the many components of credit
issues, from the underwriter’s perspective. A must-have for
beginning loan officers. |
Loan officer, manager or processor; entry-level
underwriting assistant. |
| |
Course #142_10
Analyzing Creditworthiness for Florida
14 Hours
Satisfies FL Continuing Education Requirements |
A careful review of the many components of credit
issues, from the underwriter’s perspective together with an
explanation of the Florida statutes pertaining to mortgage lending. |
Any loan officer, broker or lender who needs FL
Continuing Education.
Note: this course is fully automated. No hard copy certificate
is issued with this course, but an electronic certificate only. |
| |
Course #160
Wholesale Lending Overview
4 Hours
Satisfies WA, TX, IL, IN, KS*, WV*, OH*, SC*, UT, FL
(Continuing Education only)
and MD Education
Requirements |
Valuable resource for loan officers and financial
professionals new to wholesale lending. Great detail on setting up
with mortgage lenders; regulations from the broker perspective, and
managing the office, including trust account management. |
New mortgage broker who needs to understand the
mechanics of wholesale lending; understanding the trust account and
what is to be expected from wholesale lenders. |
| |
Course #170
Understanding Title Insurance
8 Hours
Satisfies TX, IL, IN, KS*, WV*, OH*, SC*, UT, FL
(Continuing Education only)
and MD Education Requirements
|
An excellent overview of the title process, legal
elements of real estate and transfer of title. |
Processor, escrow or title assistant who needs
deeper understanding of title clouds and acceptable methods of clearing
title. |
| |
Course #180
New Construction and Rehab Lending
12 Hours
Satisfies TX, IL, IN, KS*, WV*, OH*, SC*, UT, FL
(Continuing Education only)
and MD Education Requirements
|
This course is an excellent summary of new construction
loan programs, both conventional and FHA/VA, as well as mobile home
and rehab programs. Recently researched and updated. |
Loan officer, manager or processor who needs
to understand new construction lending. |
| |
Course #190
Introduction to the Appraisal
4 Hours
Satisfies TX, IL, IN, KS*, WV*, OH*, SC*, UT, FL
(Continuing Education only)
and MD Education Requirements
|
An overview of the appraisal process, including
different types of appraisals; building and compliance codes, and
the concept of valuation. |
Loan officer, manager or processor who needs to
understand the basics of appraising or property issues. |
| |
Course #210
Predatory Lending
8 Hours
Satisfies TX, IL, IN, KS*, OH*, UT, FL
(Continuing Education only)
and MD Education Requirements
|
HUD report on Predatory Lending and questions designed
to confirm an understanding of basic concepts and HUD recommended
remedies. |
For loan officers, managers, compliance managers
and production executives who need to understand Predatory Lending
concepts and remedies recommended by the Dept of Housing and Urban
Development. |
| |
Course #200
Washington State Broker Cont. Ed.
4 Hours
Satisfies WA Continuing Education requirements |
A review of the WA State Mortgage Broker Practices
Act together with three Federal statutes. Satisfies annual requirement
for 4 continuing education hours. Satisfactory completion of online
exam included. |
Licensed WA State broker who must complete annual
continuing education hours. |
