Mastering the Pre-qualification Process of a Mortgage Loan
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- Curriculum
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Mastering the Pre-qualification Process of a Mortgage Loan is a very intelligent decision that will increase your profits by at least 2 – 3x’s and can have a significant effect on your financial future. Knowing how to start the entire process is the key to success when financing real estate!
In this in-depth course, you’ll learn how to pre-qualify borrowers for all types of loans. From how to pre-qualify a borrower for an FHA loan to running a loan through DU or LP and getting an “approved/eligible” status, these lectures are designed for any one who is in the world of finance and particularly mortgages. If you’re a real estate agent, processor, mortgage loan originator, underwriter, banker, etc., this course will take your game to the next level and save you time while increasing your income. With real world examples demonstrating exactly how to execute each step of the pre-qualification process, you’ll find out exactly how to do less and make more by using my personal pre-qualification formula, which means you’ll learn how to work less hours and increase approved borrowers which will also increase your closings and profits.
Main benefits of this course and of being able to efficiently pre-qualify borrowers:
– Increase you’re income by 2 – 3x’s or more
Most people who put into practice what they learn in this course will have some of the best years of their career. Go from making $60,000 to $120,000. For people who are consistent with the process they learn can even make $150,000+
– Spend less hours on the phone or in-person taking pre-qualifications
– Learn what you need to do to set up a proven pre-qualification process
– See immediate results while having more free time
If you already know the basics of how to pre-qualify borrowers and want refresh your memory or are just starting out and want to learn more in depth, this is the course for you. If you want to be successful in this industry, you can’t leave things to luck. You need to know how to pre-qualify more people in less time and know they will be approved for a home loan when you provide them a pre-qualification letter. This takes the right knowledge and the right skills which is what this course will provide you with.
The first section of this course will teach you how to overcome three major obstacles in the pre-qualification process: how the entire pre-qualification process works. What type of pre-qualification method is the best and most efficient. In the second section of this course, I will teach you my personal pre-qualification method, how to save a Fannie Mae 3.2 file, and other important processes that will improve your productivity while increasing customer satisfaction. In the third section of this course, you will see live examples and will learn how to pre-qualify borrowers for FHA, conventional, VA, and USDA loans even if they’re purchasing a home or refinancing their current one, and you will learn how to read and understand a pre-qualification letter.
In the end, you’ll have the tools necessary to pre-qualify borrowers faster and will have a seamless technique to make the rest of the process a success. A course diploma will be available to you when all sections have been completed at 100% which you can save or print. For instructions on downloading your course diploma you can go to: https://support.udemy.com/hc/en-us/articles/229603868-Certificate-of-Completion
Your instructor
Joseph Correa is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans and pre-qualified thousands of borrowers, he has the necessary knowledge to help you become a success. In the past, he has also owned a correspondent lender business and invested in real estate.
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1Why should you start this course?Video lesson
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2Who is this course for?Video lesson
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3Can I double my income by improving the pre-qualification process?Video lesson
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4What's the right way to pre-qualify borrowers?Video lesson
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5Instructor BackgroundVideo lesson
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6What you will learn in this courseVideo lesson
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7Why is it important to know how to pre-qualify a borrower?Video lesson
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8What should I do if a borrower does not qualify?Video lesson
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9Pre-qualification vs Pre-approvalVideo lesson
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10Self-guided pre-qualifications vs assisted pre-qualificationsVideo lesson
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11Can pre-qualifying borrowers properly save me time and increase my profits?Video lesson
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12The basic steps and how to determine a debt to income ratioVideo lesson
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13Using pre-qualifications to leverage your relationship with realtorsText lesson
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14Deciding if a co-borrower will be necessaryVideo lesson
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15Valid assets to be usedVideo lesson
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16Analyzing declarationsVideo lesson
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17What government monitoring information is required?Video lesson
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18Physical vs digital pre-qualificationsVideo lesson
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19Ways to pre-qualify a borrowerVideo lesson
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20Completing a pre-qualification over the phoneVideo lesson
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21Completing a pre-qualification in-person or face-to-faceVideo lesson
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22Completing a pre-qualification by mail or faxVideo lesson
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23Completing a pre-qualification onlineVideo lesson
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24My personal pre-qualification formulaVideo lesson
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25Manual pre-qualificationsVideo lesson
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26Online software assisted pre-qualificationsVideo lesson
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27Saving a Fannie Mae 3.2 fileVideo lesson
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28Obtaining income and asset documents for a loanVideo lesson
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29Obtaining valid government IDVideo lesson
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30Qualifying rates and loan programsVideo lesson
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31A Quick InterruptionVideo lesson
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32Running the loan on an AUSVideo lesson
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33Saving a Fannie Mae 3.2 file once your have an approve/eligibleVideo lesson
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34Online tools to pre-qualify borrowersVideo lesson
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35Creating a pre-qualification letterVideo lesson
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