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This course is to teach students a foundation of mortgage loan processing. It is presented in an easy to understand training
format, active class participation and simulated loan packaging exercise. This training will include a training manual, case
scenarios and quizzes.
Please bring a financial calculator.
- Part one is mortgage loan origination skill development. At the end of part one, students will acquire skills and knowledge
in eligibility criteria, income analysis, pre-qualification, analyzing ratios, calculating good faith estimate and how to
explain to the borrower, loan application technique negotiating points and program review.
- Part two is the loan process. Students will become familiar with various documents and reports. Topics will include
FICO and credit report, verifications, federal compliance disclosures, federal-truth in lending, appraisal and preliminary
report and understanding escrow procedures.
- Part three is submission and organizing a loan file. This is simulated loan packaging exercise. After the end of
part three, students will learn the fundamental of loan processing, roles of a loan processor, loan package presentation,
stacking, cover letter, underwriting conditions and quality control.
- At the conclusion of the course, Mortgage Training Partner will assist Brokers how to prepare the Broker Approval Package
for the lender.
Where: Radisson Hotel San Jose Airport, 1471 North Fourth St. San Jose, CA 95112
When: May 17, 19, 24 & 25, 2005
Time: 6:00 PM to 9:00 PM
Registration: 5:45 PM
This course is $300.00 by checks or cash payable during the first meeting. Please no credit cards.
For enrollment or inquiry, email m.t.p@mindspring.com or call 408-605-3559.
Robert A. Reyes
Director of Training & Development
Mortgage Training Partner
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