Browse Virtual Classes

"The best mortgage course I have ever seen. It opened my mind to thinking to a new level. In 2002 I was in the top 8.0% of closed loan volume of my company of 2,000 loan officers. I thought of myself as successful already but your course has brought me to a new level."

- Jaime Ramos

Residential Mortgage Regulation & Compliance

Basic Loan Processing Class

This class is approved for continuing education in FL and TX.

This course will cover such topics as:

Regulations for Mortgage Lending

  • Equal Credit Opportunity Act (Regulation B)

  • Fair Credit Reporting Act

  • Fair and Accurate Credit Transactions Act

  • Real Estate Settlement Procedures Act (Regulation X)

  • Truth-in-Lending Act (Regulation Z)

  • Flood Disaster Prevention Act

  • Patriot Act

Application Concerns

  • Documents required to be given to the applicant at loan origination

  • Documents required to be delivered to the applicant

  • Completing the loan application

Documentation Types

  • Full Documentation

  • Stated Income

  • NIV / NAV or SISA

  • NID / NED or No Ratio

  • NED / NID / NAD or No Doc

The MLDS, GFE, and TIL

  • Determining Fees

  • Allowable Fees

  • Explaining the GFE / MLDS

  • Explaining the TIL

Other Originating Factors

  • Reasons for understanding loan programs

  • Loan programs

  • Rate locks

Quality Control Procedures

  • Fraud

  • Sample Employee Quality Control Checklist

  • Federal Regulations Regarding Advertising

  • Federal Privacy Law Title V of the Gramm-Leach-Bliley Act

  • Privacy Policy Notice

Fraud Underwriting

  • Red Flag Checklist

  • Resources to Help Detect Fraud

*Reference manual included with tuition of class.

Order Today

  • Residential Mortgage Regulation & Compliance CDROM
    Price: $99.00
    Plus $8 S/H

    Buy Now