School of Loan Origination - Assessment

Member Price: $79.00

Nonmember Price: $119.00

Product Code: DL2-011415-WC-W

Purchase

School of Loan Origination (SOLO) is MBA Education's flagship live, instructor-led online program that provides mortgage loan officers the training they need to be successful and confident producers. This pre-assessment, comprised of 50 multiple choice questions, will help training managers understand whether and which SOLO offering is the right fit for their staff. MBA Education strongly recommends that anyone who scores below a 75% should consider enrolling in SOLO I. SOLO I is geared towards loan officers who have recently passed their NMLS pre-licensing course or have been in the role for 0-2 years. The course also has applicability to loan officer assistants, processors, and anyone else touching the loan file. The 50 pre-assessment questions are drawn from the SOLO I course material which covers topics including:

  • Taking a Complete 1003
  • Originating a Compliant Loan
  • Evaluating Loan Options
  • Analyzing Credit Reports
  • Supporting Documentation
  • Tax Returns and Qualifying Income
  • Nontraditional Mortgage Products
  • Pricing and Rate Locks
  • Packaging Mortgage Transactions
  • Marketing in a Purchase Environment

For individuals that score above a 75% or have completed SOLO I, MBA Education's SOLO II helps individuals take the next step in their career. The primary objective for SOLO II attendees is to develop in-depth competencies, speak more confidently and offer better solutions to differentiate them in the marketplace by leading with knowledge instead of price. The course covers the following areas of loan production:

  • Product Guidelines and Selection
  • Pricing Interest Rates and Risk
  • TRID Compliance
  • Documenting the File and Calculating Income
  • Value and Challenges of Purchases

Both SOLO I and II are delivered in a live, instructor led format and include quizzes after each session, homework, and a final exam. Please visit MBA.org for dates of upcoming courses. For more information, please contact MBA Education at education@mba.org or 800-793-6222.

Discounts:

Members and non-members who register for the SOLO pre-assessment, are eligible to receive a $79 or $119 credit towards SOLO I or SOLO II registration fees, depending on membership status. For this discount, please contact MBA Education at education@mba.org.

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