Master the Art of Closing Hard Equity Mortgage Loans

Name: Master the Art of Closing Hard Equity Mortgage Loans
Rating: 4.6 (42 reviews)

Mortgage loan originator, loan processor, UW, & real estate agent training: Quick close investor loan financing course

Created byJoe Correa - 50,000+ Students

Last updated 1/2025

English

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What you'll learn

Learn how to originate, process, and close hard equity loans
Learn how hard equity loans work
Discover how you’ll get paid and how much you can expect to make
Increase the kinds of loans you can close by knowing how to close hard equity loans
Thrive during economic downturns and during slow real estate cycles
Discover what documentation borrowers will need to be approved for hard equity loan
Learn what interest rates, fees, and terms are common for hard equity loans
What documents need to be submitted when applying and what a common closing package will look like so that you can be prepared to review everything with the bor

Course content

4 sections • 28 lectures • 56m total length

Introduction to hard equity loans1:09
Discover how hard equity loans keep you profitable in the mortgage business through all real estate cycles, popular with investors, using a step-by-step approach.
Your instructor1:18
Learn from Joe Corea, a mortgage brokerage founder with extensive experience closing hard equity mortgage loans, as he shares strategies, answers questions, and guides your career through active Q&A.
Do you need a license to close hard equity loans?1:39
Explore when a loan originator license is required for closing hard equity loans, highlighting commercial real estate exemptions, state variations, and licensing options with mortgage licensing companies.
How much will you get paid to close hard equity loans & who's going to pay you?2:28
Learn how hard equity loan closings pay 1–3 percent of the loan amount, with examples like a $1 million loan earning about $20,000.
How are hard equity loans beneficial to investors?1:22
Hard equity loans let investors close fast, helping them win offers. They rely on property equity via appraisal and ARV, with a down payment and limited or no income verification.
Who is the perfect candidate for a hard equity loan?1:23
The perfect candidate for a hard equity loan is an investor who needs fast closing with minimal documentation, accepting higher rates and upfront fees to gain quick control and resell.
A quick interruption0:22
Ask learners to rate and review the course to support ongoing course creation, noting that positive reviews improve the course ranking.

What are the normal hard equity loan closing time frames?1:14
Explain typical hard equity loan timeframes, usually six months to three years, depending on program and lender risk tolerance, with many lenders offering six-month balloon payments and no prepayment penalties.
How long does it take to close a hard equity loan?1:23
Discover how long it takes to close a hard equity loan and the factors that affect timing—lender speed, appraisal, negotiations, and ready documents for fast investor closes.
What are the normal terms of a hard equity loan?2:00
Learn the typical hard equity loan terms: 24–48 hour decisions, low fees, minimums from $25k to $1M+, 6 months to 3 years, 30-year amortization, usually interest-only payments, plus LLC closing.
What basic documents are needed to originate a hard equity loan?1:12
Identify documents to originate a hard equity loan: articles of incorporation with EIN, loan application, business purpose submission form, certificate of beneficial ownership, investing information form, and statement of information.
What is the ARV?0:54
Discover how the after repair value, ARV, drives hard equity loan decisions by estimating a property's value after renovations and its potential for refinancing or profit.
Will knowing how to close hard equity loans benefit me if real estate goes down?1:18
Learn how closing hard equity loans speeds up financing during slow real estate cycles, delivering flexible terms for investors and boosting income for loan originators.
Who is the perfect candidate for a hard equity loan?1:23
Identify the perfect hard equity loan candidate: an investor needing fast, low-documentation financing to gain property control, renovate, and resell, often through real estate agents.
Where can you find a list of residentail and commercial hard equity lenders?1:41
Find residential and commercial hard equity lenders online, review a researched list, and compare minimum loan amounts, property types, and down payment requirements, including SBA loan options up to 90%.

Loan application for a hard equity loan PART 15:38
Learn how to complete a uniform residential loan application for a hard equity loan, including cash-out refi details, investment property status, and LLC title holding.
Loan application for a hard equity loan PART 24:14
Complete the hard equity loan application by reviewing page four of the uniform residential loan application, filling declarations, and capturing borrower information, including occupancy status and any borrowed down payment.
Complete your own hard equity loan application
Business purpose submission form PART 14:26
Outline the business purpose submission form for hard equity lenders, detailing borrower eligibility, property details, occupancy, and loan specifics for a non-owner-occupied investment loan.
Business purpose submission form PART 23:09
Evaluate how to complete a business purpose submission form for hard equity loans, detailing fixed and arm terms, escrow options, prepayment penalties, interest-only options, and broker compensation.
Certification of Beneficial Ownership form2:26
Complete the certification of beneficial ownership form for hard equity mortgage loans by documenting owners with 25%+ ownership, recording entity details, and certifying by the account opener.
Complete your own certificate of Beneficial Ownership
Statement of information3:33
The statement of information provides the lender with borrower and property details, including address, occupancy, improvements, and ten-year residence and occupation histories for two borrowers under penalty of perjury.
EIN IRS form1:52
Identify the employer identification number on the IRS document and use Form 1120 SE to prove the tax ID for lenders. Note Form 2553 election rules for small corporations.
Sample articles of incorporation2:32
Articles of incorporation outline a corporation’s basics—name, registered agent, addresses, purpose, authorized shares, incorporator, officers, filing date, and electronic signatures—and are shown with a Florida example for lender submission.
Vesting information form overview2:32
Learn how to complete the vesting information form for mortgage loans, including borrower names, marital status, and title options like joint tenants, community property, and tenants in common, with signatures.
Appraisal waiver disclosure2:00
Explore the notice of right to appraisal disclosure for business purpose hard equity loans, including copies of appraisal, three-day review waiver, and borrower acknowledgments that speed closing.

Final comments0:45
Learn to close hard equity loans and originate loans, handle required documents and forms, understand loan mechanics and terms, and gain insights for processing or underwriting and job readiness.
Vesting information form overview2:32
Learn how to complete the vesting information form for mortgage loans, including borrower names, marital status, title holdings (joint tenants, community property, tenants in common), and necessary signatures.
Thank you0:31
Grow your private lending business by mastering hard equity mortgage loans, a specialized loan type beneficial in real estate downturns and through all economic cycles.
Course quiz

Requirements

You will need a computer or laptop
Basic English

Description

Did you know that hard equity loans are the fastest and easiest loans to close? Are you looking to get hired by a hard equity lender by having the knowledge necessary to start working? When real estate prices go down, these are the lenders that start hiring as many loan processors, loan originators, and underwriters as they can. Don't miss your opportunity.

Hard equity loans are short term real estate loans that have high interest rates but that can close in a matter of days. Most states in the U.S. don't require that the loan originators be licensed. Most people don't know that during slow or declining real estate markets, hard equity or hard money loans are the most popular types of loans which can be a huge opportunity for people who are prepared to close these loans. These kinds of loans usually pay loan originators 1 to 3% of the loan amount which is usually pretty high. For example, if you close a $10M hard equity loan and charge 1.5% as your origination fee, you would be making a $10,000,000 x 0.015 = $150,000 commission on one single transaction closed. Most hard money loans are for higher loan amounts which is why they are such a profitable opportunity for most loan originators. If you're thinking of working for a hard money lender, this course will teach you the entire process and what its all about so you can get hired and start working even if real estate prices decline. Most people don't realize that real estate goes through cycles and when prices go down, you need to be able to offer a loan product that is highly sought after which is what hard money or hard equity loans are.

Hi, my name is Joe Correa, and I’m the CEO and founder of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. I’ve closed many hard equity mortgage loans and have taught thousands of students in 148 countries around the world about mortgages and other financial topics. This course will keep you making money during any economic cycle.

This course will teach you:

- how hard money loans work and what terms and conditions apply

- what documents need to be completed to close this type of loan

- Who can start originating hard equity loans

- How to find hard equity lenders to start doing business with (I will provide you with a list!)

- How to complete a loan application

- How to review a loan approval

- and much more....

This course includes:

Instructor-led document examples so that you become familiar with common hard equity loan documents
Course pdf documents for you to save and use for future reference
24 hour access to your instructor via the Udemy Q&A messaging portal, lifetime access to this course,
Practice exercises to help you implement what your learning,
and a 30 day money back guarantee.

Click on the enroll button right now to get started. This course will save you when real estate prices go down since you can continue to close loans thanks to investors that will be buying homes fast. Hard equity lenders will be hiring many loan originators, sales people, processors, underwriters, and more which is your opportunity to get hired.

Don't wait to get this course for the price of a couple coffees. In the future, this will equate to thousands in profits for you.

I’ll see you inside the course!

Who this course is for:

Anyone who wants to start a career that makes money during all economic cycles
Real estate professionals and mortgage professionals that want to close more loans and that want to increase their profits
Anyone who wants to learn how hard equity loan are closed
Investors who want to buy real estate without the hassle of going to the bank
Real estate agents that want to help buyers find alternate financing when they are denied by lenders and banks
Loan originators, processors, underwriters, or closers that want to start a new career with a hard equity lender

Master the Art of Closing Hard Equity Mortgage Loans

What you'll learn

Explore related topics

Course content

Introduction7 lectures • 10min

Important things to consider on hard equity loans8 lectures • 11min

Common loan documents on hard equity loans10 lectures • 32min

Final comments and thank you3 lectures • 4min

Requirements

Description

Who this course is for: