Online Class: Mortgage Loan Processing

This course covers the essentials you'll need in launching a career as a Mortgage Broker.

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$120.00
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$120.00 (with CEU Certificate)
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  • 16
    Lessons
  • 18
    Exams &
    Assignments
  • 74
    Students
    have taken this course
  • 14
    Hours
    average time
  • 1.4
    CEUs
 
 
 

Course Description

Master the Mortgage Process: Your Guide to Navigating Home Financing with Confidence

Buying a home is one of life's most important and exciting milestones. But behind the dream of homeownership lies a complex, ever-changing financial landscape that requires precision, knowledge, and the ability to adapt to unique client needs. That's where this course comes in-a complete, step-by-step guide to mastering the mortgage process and becoming a trusted expert in the field.

This course isn't just another generic overview of home financing. It's a deep dive into the intricacies of the mortgage world, designed to empower you with the tools and expertise you need to excel. From understanding the different types of mortgages to analyzing interest rates and market trends, you'll gain the knowledge to guide clients through what can otherwise feel like a maze of paperwork and regulations.

At the heart of the course is the mortgage process itself-a finely tuned system that balances client goals with the realities of their financial situation. You'll learn how to evaluate credit histories, income statements, and debt-to-income ratios with confidence, ensuring that every recommendation is tailored to your client's needs. But it's not just about the numbers. This course will teach you how to demystify complex financial jargon, simplify choices, and instill trust in every interaction.

In today's economic climate, regulations and lending practices are evolving rapidly. Staying ahead of these changes is crucial to ensuring a smooth and successful mortgage process. This course equips you with the latest insights into industry trends, compliance requirements, and risk assessment strategies, so you're always prepared to meet challenges head-on.

What sets this course apart is its focus on real-world application. It's not just theory-it's practical, actionable guidance that you can use immediately. You'll learn how to identify the best loan products for clients, anticipate potential roadblocks, and create seamless experiences from pre-approval to closing. You'll also explore strategies for helping clients avoid costly mistakes and secure terms that truly support their long-term goals.

Whether you're entering the mortgage field for the first time or looking to sharpen your expertise, this course will give you the confidence and clarity to excel. The mortgage process doesn't have to be overwhelming-it can be an opportunity to make a meaningful difference in people's lives while building a rewarding career.

Enroll today and take the first step toward mastering the mortgage process. With the knowledge and skills you'll gain, you'll become a trusted expert capable of turning homeownership dreams into reality. The journey starts here-are you ready to lead the way?

  • Completely Online
  • Self-Paced
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly
  • Accredited CEUs
Universal Class is an IACET Accredited Provider
 
 

Course Lessons

Average Lesson Rating:
4.93 / 5 Stars (Average Rating)
"Extraordinarily Helpful"
(161 votes)

Lesson 1 : Introduction to Mortgage Banker/Broker Careers

10 Points
This introductory lesson covers the basic differences between a mortgage banker and a mortgage broker and key job responsibilities associated with each.
  • Lesson discussions: Reasons for Taking this Course
  • Complete Assignment: An Introduction
  • Assessment: Lesson 1 : Introduction to Mortgage Banker/Broker Careers

Lesson 2 : General RE Financial Industry Overview

0 Points
In the second lesson, we aim to provide you with a general sense of the how the Real Estate lending finance industry works.

Lesson 3 : Differences between Mortgage Bankers and Mortgage Brokers; and Suggested Professional Training

9 Points
In this lesson, while further exploring these marked differences, we also explain the basic steps involved in becoming a mortgage banker-broker, as well as the stipulations required of each profession.
  • Assessment: Lesson 3 : Differences between Mortgage Bankers and Mortgage Brokers & Suggested Professional Training

Lesson 4 : The Mortgage Loan Process

9 Points
We now begin to shift our focus to that of the 'actual mortgage loan process' detailing the respective steps and activities applicable to each stage.
  • Assessment: Lesson 4 : Mortgage Loan Process

Lesson 5 : Funding Sources

6 Points
We captured many of the ways in which bankers and brokers act in similar ways. However, when we come to the subject of funding sources, we find this to be where the major distinction between the two professions comes into play.
  • Assessment: Lesson 5 : Funding Sources

Lesson 6 : The Federal Reserve and Factors Affecting the Mortgage Lending Industry

9 Points
Rather than being a product of an insulated bubble, mortgage rate fluctuations react in accordance with developments in the Nation's economy.
  • Assessment: Lesson 6 : The Federal Reserve and Factors Affecting the Mortgage Lending Industry

Lesson 7 : Two Basic Types of Mortgage Loans: Fixed and Adjustable Rate Mortgages (ARMs)

8 Points
In this lesson, in an effort to get acclimated to the full range of mortgage types, we will begin by first looking at the two primary groups: adjustable rate mortgages(ARM)and fixed rate mortgages.
  • Assessment: Lesson 7 : Two Basic Types of Mortgage Loans: Fixed and Adjustable Rate Mortgages (ARMs)

Lesson 8 : Additional Types of Mortgages

9 Points
In this subsequent lesson we will look at traditional government loans, as well as, specialty types of loans designed to provide the borrower with creative financing solutions.
  • Assessment: Lesson 8 : Additional Types of Mortgages

Lesson 9 : Refinance Tools: HELOCs and Second Mortgages

7 Points
Because a home is quite frequently a person's single largest source of collateral, it represents a source of funding which can be tapped through a range of different loan instruments.
  • Assessment: Lesson 9 : Refinance Tools: HELOCs and second mortgages

Lesson 10 : ARM Indexes

7 Points
To gain a better sense of how Adjustable Rate Mortgages (ARMs) work and source(s) upon which their accompanying interest rates are based, it will be helpful to understand ARM indexes.
  • Assessment: Lesson 10: ARM Indexes

Lesson 11 : The Mortgage Loan Package and Application

9 Points
In working with a client, your role as a banker-broker is to help walk the individual through the mortgage lending process to ensure that they understand all that is required and feel confident in the decisions they make along the way.
  • Assessment: Lesson 11. The Mortgage Loan Package & Application

Lesson 12 : Interest, Points, and Annual Percentage Rates

9 Points
Perhaps one of the most complicated aspects of a mortgage loan is that of the accompanying interest payments. True of any type of loan, the bank or financial lender charges a fee for the use of the moneys loaned.
  • Assessment: Lesson 12 : Interest, Points and Annual Percentage Rates

Lesson 13 : Mortgage-Related Insurance Products

8 Points
As we have come to find throughout this e-book, while mortgages share many similarities with other types of loans, they also are unique in the ways clients apply for them.
  • Assessment: Lesson 13 : Mortgage-Related Insurance Products

Lesson 14 : Reverse Mortgages

8 Points
For individuals more advanced in age, different home ownership financial strategies may prove more applicable for them than for their younger counterparts.
  • Assessment: Lesson 14 : Reverse Mortgages

Lesson 15 : Regulatory & Legislative Issues

9 Points
Both Federal and state, have a consortium of regulations and legislations giving them the authority to monitor activities of financial lending institutions among others involved in real estate finance transactions.
  • Assessment: Lesson 15 : Regulatory & Legislative Issues

Lesson 16 : Mortgage Loan Resources

80 Points
In the final chapter of this e-book, we provide an informative wrap-up comprised of mortgage acronyms, commonly used mortgage terms, and mortgage related resources.
  • Lesson discussions: End of Course Poll; Course Comments
  • Assessment: Lesson 16 : Mortgage Loan Resources
  • Assessment: Final Exam
197
Total Course Points
 

Learning Outcomes

By successfully completing this course, students will be able to:
  • Summarize the general financial industry
  • Compare and contrast mortgage bankers with mortgage brokers.
  • Describe the mortgage loan process.
  • Define the funding sources.
  • Summarize the federal reserve and factors affecting the mortgage lending industry.
  • Describe the basic types of mortgage loans.
  • Summarize the refinance tools.
  • Summarize ARM Indexes.
  • Describe the mortgage loan package and application.
  • Define interest, points and annual percentage rates.
  • Summarize mortgage-related insurance products.
  • Summarize reverse mortgages.
  • Describe regulatory and legislative issues involving the mortgage lending industry.
  • Demonstrate mastery of lesson content at levels of 70% or higher.
 

Additional Course Information

Online CEU Certificate
  • Document Your Lifelong Learning Achievements
  • Earn an Official Certificate Documenting Course Hours and CEUs
  • Verify Your Certificate with a Unique Serial Number Online
  • View and Share Your Certificate Online or Download/Print as PDF
  • Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
Document Your CEUs on Your Resume
 
Course Title: Mortgage Loan Processing
Course Number: 7550183
Lessons Rating: 4.93 / 5 Stars (161 votes)
Languages: English - United States, Canada and other English speaking countries
Availability: Available across all 50 U.S. states, this course includes key regions such as California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, and Georgia. The course is also open in major English-speaking countries, including Australia, Canada, the UK, and Ireland.
Last Updated: November 2024
Course Type: Self-Paced, Online Class
CEU Value: 1.4 IACET CEUs (Continuing Education Units)
CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned.
Assessment Method: Lesson assignments and review exams
Instructor: Linda Zavadil
Syllabus: View Syllabus
Course Fee: $120.00 U.S. dollars

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