
Master the mortgage process and learn to close loans, understand rate determinants, and secure the best rates to launch a profitable career as a mortgage loan originator.
Discover a flexible schedule, commission-based rewards, and high income potential as a mortgage loan originator. Learn to help homeowners, gain extensive knowledge, and participate in your own home loan process.
Discover how becoming a mortgage loan originator can boost your income and free up time, with no prior specialized knowledge required and you learn as you go.
Finibi Mortgage speeds closings with digital signatures and paperless processes, offers credit to cover closing costs, and provides express 24-hour or 3–5 day credit improvements while guiding loans to completion.
Discover Finibi Mortgage loan programs, including 3% down purchases with income limits, FHA 3.5% down, 5% conventional with insurance, zero-down VA and USDA options, plus bank statement and student-loan cases.
Read the documents provided to help you understand how the process works and what is required when getting licensed. There's a lot of useful information that will help guide you. You can always contact the NMLS directly in case you have any licensing questions.
I just wanted to make sure you have the most up to date Uniform Residential Loan Application aka "URLA" for when you have a borrower that needs to complete it with your assistance or in case you want to become more familiar with this form. This is an important document for you to have in your files. You can download it in this lecture
Prequalify borrowers quickly and accurately by asking the right questions, earning trust from business partners and realtors, and delivering prompt, high-quality service at open houses.
Learn to prequalify a borrower by collecting essential information—name, address, phone, email, income, assets, and credit—and compute the debt to income ratio from total monthly payments and gross income.
Learn how the 1003 uniform residential loan application captures borrower data to assess creditworthiness and terms, with required disclosures like truth in lending and identity verification.
Learn to calculate piti by summing monthly mortgage components and converting yearly taxes and insurance to monthly, plus including mortgage insurance and hoa when present.
Explore how loan origination software (LOS) supports mortgage professionals in key loan process steps, like disclosures and credit requests, with examples such as Atlas, Calyx Point, Encompass.
Demonstrate how to use Calyx Point to complete a uniform residential loan application for an owner-occupied home, covering loan type, down payment, income, assets, liabilities, and DTI calculations.
Learn to complete a uniform residential loan application for an investment property in Calyx Point, covering LTV calculations, down payment, rent income, assets, and liabilities.
Save a Fannie Mae 3 point file in Calyx Point by opening the borrower's application, selecting file, exporting, and choosing the new look, then save for lender submission.
Understand how mortgage insurance costs vary with down payment, credit score, and the choice between borrower-paid and lender-paid options for FHA and conventional loans.
Discover how digital loans replace paper processes from prequalification to closing, enabling fast, paperless mortgage approvals and cloud storage for loan documents.
Learn how a preapproval letter from a mortgage loan officer or bank shows a borrower's capacity to purchase a home at a price, and what documents the bank requires.
Learn how to quote a borrower's interest rate by entering loan details, calculating LTV and CLTV, evaluating rate locks, and applying closing credits for a conventional purchase loan.
Explore the CNBC outlook showing loan originators as one of 2024's best jobs, offering remote work and pay over $200k with no degree.
Develop referrals by delivering exceptional service to happy customers, who will refer friends and family, and by building solid relationships with realtors who become ongoing referral partners.
Recognize that everyone needs a place to live and someone to help them finance their home, and position yourself as that helper.
One of the only online mortgage courses that actually teaches you how to go from completing a loan application to closing a loan and running DU in the process. Once you become licensed as a mortgage loan originator and are licensed in Florida you can come work for Finibi Mortgage and start your new career.
Main benefits of this course and of being a mortgage loan originator:
- Make a great income Part-time MLO's make $45,000 - $72,000 per year. Full time successful MLO's make $150,000+ some even make $300,000 - $1,000,000+.
- Have a flexible work schedule (Work from home on your computer and phone)
- Learn what it takes to finance your own home loan.
- Have time freedom so you can actually enjoy life and spend time with family and friends
I WISH A COURSE LIKE THIS WOULD HAVE EXISTED WHEN I STARTED AND THAT TECHNOLOGY WAS AS ADVANCED AS IT IS TODAY
In this course you will learn:
How to become a mortgage loan originator and start a new career doing something fun, educational, and very profitable. MLO's, mortgage loan originators, have flexible work schedules so you can work part time, full time, weekends, or when ever you want. Just like other careers, once you get licensed you still have to learn how to do your job. This course teaches you how to do what others don't teach you. How the entire process works so you can start making money and closing loans right away.
HOW EASY IS IT TO CLOSE A LOAN?
Today most documents in mortgage process are digital which means you can do a large portion of the work on your smart phone or tablet. This makes things easier than ever before. You can be on the beach taking an application and submit to the bank all in the same day. It incredible how much technology has made the mortgage process faster and easier. Borrowers sign on their smart phones and your done!
These are some of the things you will learn:
- How to prequalify borrowers
- How to complete a loan application for primary residences, investment properties, and vacation homes
- How to use Calyx Point to complete a loan package including disclosures
- Successfully run DU and get an approval
- Submit a loan to underwriting for a conditional loan approval
- Understanding a loan approval
- How to read and understand a credit report
- How to quote an interest rate
I will walk you through every step of the way.
Who is your instructor?
I own my own mortgage brokerage business and have been in this business for over 15 years. I have closed hundreds of loans and made a good living do so. I love doing mortgages and constantly travel to conventions and learn new things. I even closed my own home loan when others couldn't.
WHAT ARE THE BENEFITS OF BECOMING A MORTGAGE LOAN OFFICER?
- Make real money. Potential to make a very profitable living. Part-time MLO's make $45,000 - $72,000 per year. Full time successful MLO's make $150,000+ some even make $300,000 - $1,000,000+.
- More free time. Work when you want and where you want (thanks to digital mortgages and electronic documentation). This means you can have another job if you want to or work at home if being out and about is not possible.
- You get to help others. Often, when I close a loan I make my commission but what makes me the happiest is having helped others in the process. Really, helping others buy their homes is a very satisfying experience. They will thank you and send their friends to finance with you.
- Buy your own home. Most mortgage loan officers overlook the benefit of having the potential to become a home owner thanks to the knowledge and position their in. OWN YOUR HOME. It's worth it.
- Come work for Finibi Mortgage once you are licensed as a mortgage loan originator. You must be licensed in Florida. You will have access to one of the fastest and technologically driven mortgage companies in the business.
THIS IS NOT A LICENSING COURSE. In order to obtain your mortgage loan originator license you must take the required course (Can be take over the weekend or online) and pass the state exam. THIS COURSE WILL TEACH REAL LIFE PRACTICE OF THIS PROFESSION SO YOU ARE READY TO WORK AS SOON AS YOU ARE LICENSED.
A course diploma will be available to you when all sections have been completed at 100% which you can save or print to show employers. For instructions on downloading your course diploma you can go to: https://support.udemy.com/hc/en-us/articles/229603868-Certificate-of-Completion