School of Loan Origination: June 2021

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Early Cutoff:

  Before Regular
MBA Member Price (Before ) $950.00 $1,050.00
Non-Member Price (Before ) $1,400.00 $1,600.00

Description

Program Schedule:

Week 1:

  • Monday, June 7 (1:00 - 3:00 PM ET)
  • Wednesday, June 9 (1:00 - 3:00 PM ET)
  • Thursday, June 10 (1:00 - 3:00 PM ET)

Week 2:

  • Monday, June 14 (1:00 - 3:00 PM ET)
  • Wednesday, June 16 (1:00 - 3:00 PM ET)
  • Thursday, June 17 (1:00 - 3:00 PM ET)

Week 3:

  • Monday, June 21 (1:00 - 3:00 PM ET)
  • Wednesday, June 23 (1:00 - 3:00 PM ET)
  • Thursday, June 24 (1:00 - 3:00 PM ET)

Week 4:

  • Monday, June 28 (1:00 - 3:00 PM ET)
  • Wednesday, June 20 (1:00 - 3:00 PM ET)
  • Thursday, July 1 (1:00 - 3:00 PM ET)

** Webinars may vary in duration depending on the subject matter**

Program Details:

  • Instructor Guided Online Learning

Program Summary:

MBA Education’s School of Loan Origination (SOLO) provides an in-depth working knowledge of how to originate residential mortgage loans. It begins with a historical perspective of how past practices led us to the current environment. It then teaches competencies on how to originate compliant and quality-based mortgage loans by focusing on minimizing risk of repurchases and reducing the number of "touches" on the file.

Lessons:

  • History of Mortgage Lending
  • The Role of the Mortgage Loan Originator
  • Taking a Complete 1003
  • Originating a Compliant 1003 - the Laws
  • Evaluating the 1003 - Loan Options
  • Analyzing Credit Reports
  • Case Study and Homework Review
  • Supporting Documentation
  • Tax Returns and Qualifying Income
  • Nontraditional Mortgage Products
  • Pricing and Rate Locks
  • Packaging Mortgage Transactions
  • Marketing in a Purchase Environment

Experience Level(s):

  • Entry-Level

Intended Audience:

  • Mortgage Loan Originators
  • Loan Officer Assistants
  • Processors

Instructor(s):

  • TBD

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!