This course builds on the foundation of the mortgage loan process.

It's a great course for former Sub-prime/Alt-A professionals who need to know the basics.  The goal of the Mortgage Fundamental Course is to give the mortgage professional a better understanding of the mortgage process so they can take a complete application, give the borrower the necesary disclosures and reconize the necesary documents needed to process the loan application.  This course gives great examples and can be taken as a Self-Study online or Live Online Course. 

Topics Covered:

1. Introduction to the Mortgage Industry- The history of the Mortgage Industry will be discussed and commonly used mortgage terms will be reviewed.


2. Understanding the Uniform Residential Loan Application-The Uniform Residential Loan Application will be discussed in detail. 


3. Mortgage Disclosures and Federal Regulations- Mortgage Disclosures will be discussed and we will go over Federal Regulations that affect the mortgage process


4. The Break down of the Credit Report- Credit Reports will be broken down and explained in detail.


5. Income Calculations- Examples of different income documentation will be reviewed.  Income calculation will be discussed as they relate to the examples shown.


6. Asset Documentation- Assets will be shown and discussed as they relate to the mortgage process.


7. The Title Commitment- The title commitment will be discussed in detail.


8. Appraisal Review- The appraisal will be reviewed and discussed.