| COURSE
AND STATE APPROVALS |
COURSE
SUMMARY |
TARGET
STUDENT |
| GROUP
ONE:
COURSES DESIGNED FOR BEGINNERS |
Course #100
Principles of Mortgage Origination
20 Hours
Approved for FL (Continuing Education only), IL, IN, KS*, MD, SC*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
Approved for IL, IN, KS*,SC*, 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
27 Hours
Approved for IL, IN, KS*, WV*
and FL (Continuing Education only) 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.
|
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| Course #101
Essentials of Mortgage Lending
36 Hours
Approved for WA, IL, IN, KS*, WV*, SC*, FL (Continuing Education only) and MD Education Requirements
Approved for All MD Requirements in 1 course + MD supplement.
Approved for IN pre-license requirement. |
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 #101_44A
Texas Essentials of Mortgage Practices
28 HoursApproved for Texas Pre-license 28 hour requirement |
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
and Texas law governing mortgage lending practices. |
New loan officer in Texas who must meet 28 hour
requirement or prepare to pass state exam. |
| |
Course #101_21
Maryland Essentials of Mortgage Practices
20 HoursApproved for Maryland Pre-license 20 hour requirement |
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
and Maryland law governing mortgage lending practices. |
New loan officer in Maryland who must meet 20 hour
requirement or prepare to pass state exam. |
| |
Course #101_38
Oklahoma Essentials of Mortgage Lending
20 HoursPrepares student for the Oklahoma proficiency exam and satisfies first year Continuing Education. |
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
and Oklahoma law governing mortgage lending practices. |
New loan officer in Oklahoma who must meet 20 hour
requirement or prepare to pass state exam. |
| |
Course #102
Mortgage Brokerage and Lending
49 Hours
Approved for KS*, WV*, FL (Continuing Education only), WA*, SC*, IL, GA*, and
MD Education Requirements
Approved for All MD, WA, 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 Lending
15 Hours
Approved for IL, IN, KS*, WV*, FL and SC*
(Continuing Education only) 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 #103_15
Illinois Standards of Mortgage Lending
25 Hours
Preparatory course for Illinois licensing exam. |
Complete explanation of technical aspects of
lending, from the initial application to underwriting. Detailed
explanation of Illinois law and regulations. |
Loan originator or broker who must pass the
Illinois state license exam. |
| |
| COURSE AND
STATE APPROVALS |
COURSE SUMMARY |
TARGET STUDENT |
| GROUP
TWO:
COURSES FOR EXPERIENCED PROFESSIONALS |
Course #130
Regulatory Study Guide, Federal
Statutes
24 Hours
Approved for WA, IL, IN, KS*, WV*, SC*
(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
4-6 Hours
FL, GA, KY, MA, MD, NC, NY, OR, TX, OK, OH, PA, UT and WA. |
Descriptions of state laws and the practices a
broker or loan officer must follow in that state. |
Loan officer, broker or branch manager. Operations personnel charged with monitoring compliance. |
| |
Course #201
Oklahoma Compliance and Ethics
17 Hours
Approved for Oklahoma, meets all requirements for Continuing
Education
|
Designed to meet Oklahoma continuing education
requirements, this course covers OK state law, RESPA, TILA, ECOA,
HMDA, Fair Housing, Fraud Detection and Ethics as required by
Oklahoma. |
Licensed Oklahoma mortgage originators and
brokers required to meet annual continuing education requirements
for the state of Oklahoma. |
| |
Course #202
Texas Compliance and Ethics
15 Hours
Approved for Texas, meets all requirements for Continuing Education
|
Designed to meet Texas continuing education
requirements, this course covers Texas state law, RESPA, TILA, ECOA,
and Ethics as required by Texas. |
Licensed Texas mortgage originators and brokers
required to meet continuing education renewal requirements for the
state of Texas. |
| |
Course #150
FHA/VA Lending Basics
24 Hours
Approved for IL, KS*, WV*, SC*,
(Continuing Education only)
and FL 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
Approved for IL, IN, KS*, WV*, SC*, and FL(Continuing Education only) Education Requirements
|
Thorough review of underwriting standards and guidelines
for conventional loans. |
Loan officer with 1-year experience; manager or
broker; aspiring Underwriter. |
| |
Course #210
Predatory Lending
16 Hours
Approved for IL, IN, KS*, SC* (Continuing Education only) and FL 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 #230
Underwriting the FHA Loan
15 Hours
Approved in WV, IN, IL, FL (Continuing Education only) and KS*
|
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 LESS THAN 12 HOURS |
Course #141
Lending to New Americans
7 Hours
Approved for WA, IL, KS*, SC* and FL (Continuing Education only) 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 #142
Analyzing Creditworthiness
10 Hours
Approved for IL, IN, KS*, WV*, SC* and FL
(Continuing Education only) 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
Approved for 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 #151
FHA Lending Guidelines
8 Hours
Meets SC* Education Requirements for
(8 hrs) |
Well-researched and explained, this course is a thorough review of the elements of FHA lending, including all recent changes. Includes detailed calculation worksheets and instructions to complete needed forms. |
Experienced loan officer, processor, manager or broker adding government loans. |
| |
Course #152
VA Lending Guidelines
7 Hours
Meets SC* Education Requirements for
(7 hrs) |
Well-researched and explained, this course is a thorough review of the elements of VA lending, including all recent changes. Includes detailed calculation worksheets and instructions to complete needed forms |
Experienced loan officer or processor; manager or broker adding government loans. |
| |
Course #160
Wholesale Lending Overview
4 Hours
Approved for WA, IL, KS*, WV*, SC*and FL
(Continuing Education only) 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
6 Hours
Approved for IL, IN, KS*, WV*, FL (Continuing Education only) and
SC* 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
7 Hours
Approved for IL, KS*, WV*, FL
(Continuing Education only)
and SC* 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
3 Hours
Approved for IL, IN, KS*, WV*, SC* and FL
(Continuing Education only) 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 #130_39
Pennsylvania Legislative Review
6 Hours
Approved for PA Continuing Education requirements |
Designed for the student who is performing mortgage lending services in the Commonwealth of Pennsylvania and needs to maintain his/her license. Upon course completion, the student understands any changes made to regulations over the past 12 months. |
Licensed PA State broker who must complete annual continuing education hours. |
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Course #200
Washington
Regulatory Review
4 Hours
Approved for WA Continuing Education requirements |
A review of the WA State Mortgage Broker Practices
Act together with three Federal statutes. Approved for annual requirement
for 4 continuing education hours. Satisfactory completion of online
exam included. |
Licensed WA State broker who must complete annual
continuing education hours. |
| |
Course #240
Closing/Funding Standards and Practices
8 Hours
Approved
for KS*, IL, IN and FL
(Continuing Education only) requirements
|
Careful review of general practices of the settlement agent, including reading a title report, and the use of standardized documents used in the escrow process. |
The loan officer, processor or manager who needs to better understand the settlement process.
|
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Course #260
Business Ethics and the Mortgage Industry
2 Hours
|
This course is designed for the student who works
in a residential lending environment and needs to understand the
importance of business ethics and how ethics impact lending and the
mortgage industry. Upon course completion, the student should
understand the concepts of ethics, basic business ethics policies
(including the purpose and importance of a code of ethics), adopting
a code of ethics for organizations within the mortgage industry and
relating ethical issues to predatory lending practices. |
Loan originators, processors, managers, brokers
and compliance officers.
|
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Course #270
Mortgage Fraud and Fraud Detection
6 Hours
|
This course is designed for the student who works
in the residential lending environment and needs to become aware of
the issue of mortgage fraud, its impact on the mortgage industry and
methods of fraud detection and prevention. |
Loan originators, processors, branch managers,
brokers and compliance managers. |
| |
Course #280
Fraud Detection, Ethics and the Mortgage Industry
8 Hours
|
This course is a review of the issue of mortgage
fraud, its impact on the mortgage industry and methods of fraud
detection and prevention and establishment of an ethics standard
within companies. The student will understand the concepts of
ethics, basic business ethics policies (including the purpose and
importance of a code of ethics), adopting a code of ethics for
organizations within the mortgage industry and relating ethical
issues to predatory lending practices. |
Loan originators, processors, branch managers,
brokers and compliance managers.
|
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Course #290
Appraisal Review and Property Underwriting
8 Hours
|
This course provides an overview of the appraisal process, including different types of appraisals; building and compliance codes, and the concept of valuation. It also includes 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, appraisals and general property guidelines. |
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Course #290_10
Appraisal and Property Review for Florida
14 Hours
|
Designed for the student who needs to complete 14 hours of continuing education for FL, including 4 hours on FL state law. Provides a thorough review of appraisal standards and practices; an overview of new construction programs; and general property underwriting. |
The loan officer, broker or correspondent who needs to complete 14 hours for FL Continuing Education. |
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