Mortgage School

  • WOM/AMK

    $599.00
    The World of Mortgages provides basic mortgage knowledge for someone coming into the industry and is appropriate for novice loan officers, assistants and operations personnel. The knowledge learned in this course will help someone going through license preparations, though licensing preparation is not an objective of the course. In the Advanced Mortgage Knowledge course, loan officers will work towards becoming an  expert mortgage advisor with the knowledge that will enable them to give expert advice and  deliver great service.      
  • Course One provides basic mortgage knowledge for someone coming into the industry and is appropriate for novice loan officers, assistants and operations personnel. The knowledge learned in this course will help someone going through license preparations, though licensing preparation is not an objective of the course.
  • In Course Two, loan officers will work towards becoming an expert mortgage advisor with the knowledge that will enable them to give expert advice and deliver great service.
  • Course Three provides comprehensive marketing and sales material –  including generating referrals, converting leads, leveraging transactions and delivering value to referral sources - to help you build a successful business.
  • Recruiting and Mentorship – Course Four will provide a comprehensive treatment of  mentorship…identifying characteristics of ideal candidates and where to find them. The course is also applicable to the mentorship of experienced loans officers as well.
  • Successful completion of courses one through three are required to achieve the Certified Mortgage Advisor Designation. Successful completion will  include passing the test for each course and submitting completed homework assignments.  Those with commensurate industry experience (minimum two years) can take the test for the  World of Mortgages course and, if they achieve a passing grade, they will need to take only the second two courses to achieve CMA certification.
  • Successful completion of courses one through four are  required to achieve the Certified Mortgage Mentor Designation. Successful completion will  include passing the test for each course and submitting completed homework assignments. The  first course cannot be skipped for this designation.
  • For anyone entering the industry, it is important to learn more about the actors, terms and processes – as well as the laws that regulate the industry.
  • Become an expert in the types of mortgages offered within the industry, from fixed rates, to fixed-hybrids to adjustable rate mortgages. Learn how each one works, including amortization schedules and ARM components.
  • Ratios, credit scores, residuals and more all play a part in qualifying a mortgage prospect.  Learn more about the math and qualification processes.
  • Learn how to fill out each part of the Uniform Residential Loan Application Form as well as the Loan Estimate Form.
  • The major sources of mortgages include, FHA, VA, Fannie Mae, Freddie Mac and more. The goal of the class is to learn the eligibility and qualification standards, as well as the offerings of each.

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