One of the only online mortgage courses that actually teaches you how to go from completing a loan application to closing a loan and running DU in the process. Once you become licensed as a mortgage loan originator and are licensed in Florida you can come work for Finibi Mortgage and start your new career.
Main benefits of this course and of being a mortgage loan originator:
– Make a great income Part-time MLO’s make $45,000 – $72,000 per year. Full time successful MLO’s make $150,000+ some even make $300,000 – $1,000,000+.
– Have a flexible work schedule (Work from home on your computer and phone)
– Learn what it takes to finance your own home loan.
– Have time freedom so you can actually enjoy life and spend time with family and friends
I WISH A COURSE LIKE THIS WOULD HAVE EXISTED WHEN I STARTED AND THAT TECHNOLOGY WAS AS ADVANCED AS IT IS TODAY
In this course you will learn:
How to become a mortgage loan originator and start a new career doing something fun, educational, and very profitable. MLO’s, mortgage loan originators, have flexible work schedules so you can work part time, full time, weekends, or when ever you want. Just like other careers, once you get licensed you still have to learn how to do your job. This course teaches you how to do what others don’t teach you. How the entire process works so you can start making money and closing loans right away.
HOW EASY IS IT TO CLOSE A LOAN?
Today most documents in mortgage process are digital which means you can do a large portion of the work on your smart phone or tablet. This makes things easier than ever before. You can be on the beach taking an application and submit to the bank all in the same day. It incredible how much technology has made the mortgage process faster and easier. Borrowers sign on their smart phones and your done!
These are some of the things you will learn:
– How to prequalify borrowers
– How to complete a loan application for primary residences, investment properties, and vacation homes
– How to use Calyx Point to complete a loan package including disclosures
– Successfully run DU and get an approval
– Submit a loan to underwriting for a conditional loan approval
– Understanding a loan approval
– How to read and understand a credit report
– How to quote an interest rate
I will walk you through every step of the way.
Who is your instructor?
I own my own mortgage brokerage business and have been in this business for over 15 years. I have closed hundreds of loans and made a good living do so. I love doing mortgages and constantly travel to conventions and learn new things. I even closed my own home loan when others couldn’t.
WHAT ARE THE BENEFITS OF BECOMING A MORTGAGE LOAN OFFICER?
– Make real money. Potential to make a very profitable living. Part-time MLO’s make $45,000 – $72,000 per year. Full time successful MLO’s make $150,000+ some even make $300,000 – $1,000,000+.
– More free time. Work when you want and where you want (thanks to digital mortgages and electronic documentation). This means you can have another job if you want to or work at home if being out and about is not possible.
– You get to help others. Often, when I close a loan I make my commission but what makes me the happiest is having helped others in the process. Really, helping others buy their homes is a very satisfying experience. They will thank you and send their friends to finance with you.
– Buy your own home. Most mortgage loan officers overlook the benefit of having the potential to become a home owner thanks to the knowledge and position their in. OWN YOUR HOME. It’s worth it.
– Come work for Finibi Mortgage once you are licensed as a mortgage loan originator. You must be licensed in Florida. You will have access to one of the fastest and technologically driven mortgage companies in the business.
THIS IS NOT A LICENSING COURSE. In order to obtain your mortgage loan originator license you must take the required course (Can be take over the weekend or online) and pass the state exam. THIS COURSE WILL TEACH REAL LIFE PRACTICE OF THIS PROFESSION SO YOU ARE READY TO WORK AS SOON AS YOU ARE LICENSED.
A course diploma will be available to you when all sections have been completed at 100% which you can save or print to show employers. For instructions on downloading your course diploma you can go to: https://support.udemy.com/hc/en-us/articles/229603868-Certificate-of-Completion
Learn how the entire mortgage process works from A to Z
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1Benefits of becoming a mortgage loan originator introduction
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2What are the benefits of this course?
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3Mortgage loan originator benefits
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4Why become a mortgage loan originator introduction?
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5Who should become a Mortgage Loan Originator?
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6About the instructor
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7What is Finibi Mortgage?
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8Loan programs offered by Finibi Mortgage
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9Finibi Mortgage is now hiring mortgage loan originators
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10Does everyone qualify for a home loan?
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11How much can you make as a mortgage loan originator?
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12How to get started?
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13Requesting an account with NMLS
Read the documents provided to help you understand how the process works and what is required when getting licensed. There's a lot of useful information that will help guide you. You can always contact the NMLS directly in case you have any licensing questions.
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14Creating a steady stream of passive leads
Learn the process of closing a home loan
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15Prequalifying a borrower
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16How to prequalify a borrower
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17Prequalifying a borrower using an online platform
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18What is a preapproval letter?
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19Credit requirements
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20What is a 1003?
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21Reading and understanding a Uniform Residential Loan Application
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22Calculating assets needed
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23What is LTV and how to calculate it?
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24Calculating the debt to income ratio
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25Calculating PITI
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26What is an LOS?
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27Calyx Point: Uniform Residential loan application on an owner occupied home
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28Calyx Point: Uniform Residential loan application on a vacation home
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29Calyx Point: Uniform Residential loan application on an investment property
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30Calyx Point: Learn to print and save a loan package
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31Saving a Fannie Mae file on Calyx Point
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32What is mortgage insurance and how is it calculated?
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33What is a loan estimate?
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34What are loan disclosures?
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35How to read a loan estimate and disclosures
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36Types of loans and loan programs borrowers can apply for
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37What is the Home Loan Toolkit?
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38What are digital loans and why are they good?
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39How are interest rates calculated?
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40What is mortgage insurance and how to calculate it?
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41What's a loan preapproval and why is it useful?
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42How to quote an interest rate to a borrower
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43Important website links to remember