School of Loan Origination: October 2023
| Before August 21, 2023 | After August 21, 2023 | |
|---|---|---|
| Member Price | $1,000.00 | $1,100.00 |
| Non-Member Price | $1,500.00 | $1,650.00 |
About the Event
MBA Education’s School of Loan Origination (SOLO) is a live, instructor-guided online course designed to provide an in-depth working knowledge of how to originate residential mortgage loans. In a series of 12 two-hour webinars, the course explains how to originate compliant and quality-based mortgage loans to minimize risk of repurchase and reduce the number of “touches” on the file.
The course begins with an overview of the mortgage lending industry and the originator’s activities and responsibilities within the industry. Subsequent topics include: how to take a complete and accurate loan application; regulations that govern origination activities; loan options, credit reporting, and credit scoring; review of supporting documentation; review of tax returns and calculation of qualifying income; traditional and non-traditional mortgage products; pricing and rate locks; structuring mortgage loan transactions; and marketing strategies. The course concludes with a series of case studies that allows the student to practice the skills and calculations required to be a successful originator.
This course is designed for mortgage loan originators (MLOs), MLO assistants, and processors new to the industry or with up to three years of experience.
Topics:
- Fundamentals of Mortgage Lending
- The Role of the Mortgage Loan Originator
- The Loan Application
- Compliance in Loan Origination
- Loan Options, Credit Reporting, and Credit Scoring
- Supporting Documentation
- Tax Returns and Nontraditional Mortgage Products
- Pricing and Rate Locks
- Structuring Mortgage Loan Transactions
- Marketing
- Case Studies
Format:
- Instructor Guided Online Course
Intended Audience:
- Mortgage Loan Originators
- Loan Officer Assistants
- Processors
Experience Level(s):
- Entry-Level
Program Schedule:
Week 1:
- Monday, October 2 (2:00 PM - 4:00 PM ET)
- Wednesday, October 4 (2:00 PM - 4:00 PM ET)
- Thursday, October 5 (2:00 PM - 4:00 PM ET)
Week 2:
- Tuesday, October 10 (2:00 PM - 4:00 PM ET) (Instead of Monday, October 9)
- Wednesday, October 11 (2:00 PM - 4:00 PM ET)
- Thursday, October 12 (2:00 PM - 4:00 PM ET)
Week 3:
- Monday, October 16 (2:00 PM - 4:00 PM ET)
- Wednesday, October 18 (2:00 PM - 4:00 PM ET)
- Thursday, October 19 (2:00 PM - 4:00 PM ET)
Week 4:
- Monday, October 23 (2:00 PM - 4:00 PM ET)
- Wednesday, October 25 (2:00 PM - 4:00 PM ET)
- Thursday, October 26 (2:00 PM - 4:00 PM ET)
** Webinars may vary in duration depending on the subject matter**
Scholarship Availability & Discounts:
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MBA’s Path to Diversity Scholarship enables employees from diverse backgrounds to advance their career development by receiving up to $2,000 in education funds. Learn more and apply at mba.org/pathtodiversity .
Your organization can get two complimentary seats to this class with an Education Advantage subscription! Contact Jeff Schummer to learn more about Education Advantage !