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Broker/Loan Officer
Roadmap to Licensing: Loan Officer Visit Power Training's Roadmap to Licensing to chart your course to become a licensed loan officer in the state of Texas.
Roadmap to Licensing: Mortgage Broker Visit Power Training's Roadmap to Licensing to chart your course to become a licensed mortgage broker in the state of Texas.
Roadmap to Renewal: Mortgage Broker and Loan Officer Visit Power Training's Roadmap to Licensing to chart your course to become a licensed loan officer in the state of Texas.
Ethics Course $45 per person Register $75 per person Register This course will be required for initial licensees and is recommending for renewing brokers and loan officers for either issuance or renewal of your license. This general overview of Ethical practices including situations where the attendee is required to draw a conclusion, ethical or unethical. Are you making decisions that are helping you build strong relationships or that will lead you down the path of possible imprisonment. You may not realize that all Ethical decisions usually start at the Loan Officer/Realtor relationship development path. This course will ask challenging questions and involve you in numerous situations where you will be required to decide between paying bills or doing the right thing.This course may be taken with the package above or individually.
Loan or Lawsuit Origination - A Guide to the Texas State Test
- Module II
A Loan Officer's Guide to Origination This class is for Loan Officers who are trying to meet their education requirements but still need to learn a little more regarding taking loan applications, issuing good faiths, and learn even more including the following:
This class is day two and three of the Licensing class. When taken this way this course carries 15 Core Renewal Hours.
Originating in a Conforming Market What you need to know! When you need to know it! How to Get It!
As a bonus, we will include 3 hours of Sales Training where we will
cover:
Outline for Interviewing a Referral Source – Learn six aspects of
interviewing a client
Looking for Gold – New clients are everywhere!
Qualify vs Quantify – Get new ideas on how to turn sales calls into
more commission
Categorize and Strategize - Focused Client Management
Plan Your Work/Work Your Plan
This class is what you need at the right time. Kick off your new year with a new business plan. Let this class help you create it. What will you do? How will you get business? What education do you need to move ahead!
Learning to Properly Quote the Customer - A Guide to Understanding Interest Rates and Pricing Beginning with the lead phone call this course is designed to help you understand the market that holds your future. From the application, to locking the rate and ultimately closing the loan this course will set you on the path. Think of the rate sheet as your Treasurer Map!
A Loan Officer's Guide to Basic Processing and Underwriting Analysis of the Loan
Learn from the pro’s what underwriting is looking for and how to package the loan for success!
Processing 101 - A Crash Course for Survival For those seeking entry into the mortgage business through a staff related position, processing may be the step you want to take. The course titled, Processing 101 – Crash Course for Survival is for you! Starting off with the basics and moving full speed ahead, this course will navigate you through the standard process of the mortgage loan with a few twists and turns to teach you how to analyze information. The guides and tools you will receive in this course will allow you to pick up loans and start working on them immediately. This course is for Processors of all levels, cross training of employees, and Originators who do their own processing or want to find out more about the transaction. For Senior Processors, remember things your forgot!
Analyzing the File Automation has saved us time, but has it saved us money? Attendees will receive a checklist to help them identify the things they should be looking at in a file. No Automated System can see loan fraud, declining income, or poorly sourced funds. The system was really designed to analyze the borrower's ability to repay the loan.
Processing in a Conforming Market - aka - The Art of Processing and Submitting the Loan One of the most important relationships that you will build will be with your Underwriter. This person will be a solid decision maker in the approval process so you will need to learn how to work with them. Underwriters are required to underwrite a certain number of loans per day and if your loan continuously needs to be “processed” when it arrives in their office it can cause issues. This course is for processors who have the basics down, but need a little help putting the loan together. Each attendee will receive an extensive checklist which will enable processors to better understand what analyzing means and to head off potential underwriting questions. Each segment of the loan will be analyzed in high detail and prepared to go to underwriting.
Closing the Loan Successfully This course is designed for processors who also act as closers. It can be quite challenging and you don't want to be learning the lessons financially. The employee will learn how to:
8 Texas Core Credits #48-2007-07CR / 8 Oklahoma CE Credits #PT-205-07 $145 per person Register This course is for Processors. The subject matter will be hands on training calculating maximum mortgage, completing the new 92900 LT, HUD Addendum (92900a) and Conditional Commitment (92800.5b). In addition, you will learn to:
The difference between this course and FHA For Originators and Processors is this course includes the processor tasks. As an originator you may want to take the course below instead. This course will still cover the income/assets/credit/employment and liability pieces, but not in the same detail.
FHA For Originators and Processors (approved as FHA - Who Needs Sub-Prime?) 4 Texas Core Credits #48-2007-02 / 3 TREC Elective Hours #03-00-069-6166 $75 per person Register FHA Modernization is here! Sub Prime is Gone! What
else can be said about today's market? If you plan to survive, you
need to educate yourself on the FHA product. Whether you are a
Loan Officer, Realtor or Processor, this course is designed to quickly
go through the changes to the FHA loan.
VA — Loans for Our Veterans aka VA For Originators and Processors4 Texas Core Credits #48-2007-07CR / 4 Oklahoma CE Credits #PT-204-07 $75 per person Register Even though the VA loan is processed basically as any other loan, there are intricacies that you need to be aware of to be sure you are utilizing all the programs available to the veteran. This course will walk you through the VA process and from loan application to approval.
The Mortgage Loan Flow If you are new to the industry or just want to know more, this course will walk you through the steps of the mortgage process. It gives the attendee a complete breakdown of each task, what needs to happen to move to the next step and how long it will take.
Self Employed Simplified Don't be intimidated by your next self employed borrower. This course will show you just how easy Self Employment Analysis is! In addition to learning how to calculate income from each schedule, you will know exactly what forms you will need depending on how the borrower reports their income. This course will teach you how to:
Compliance 101
aka
Disclosures for Dummies Don't let your office be the victim of non-compliance. This course will assure that you and your staff are educated in the completion of disclosures and issuance on time.
Credit Scores and Review of the FACT Act Find yourself at a loss when trying to explain the credit report to the customer? Learn how the credit score is determined and what are percentages of each item. In addition, a full review of the FACT Act and what role the mortgage industry must play in it. Don't get caught non-disclosing.
Disclosures for Dummies This course will walk you through the basics of explaining the required disclosures to the customer. You will receive a complete list of the required disclosures for Conventional, FHA, and VA Loans. In addition, you will learn the proper way to complete them and make sure that they are accurate before we give them to the customer. It will include a PFC chart and disclosure samples.
Detecting Fraud - The ABC's of Quality Control This course will be required for licensed broker and loan officers for either issuance or renewal of your license. We will cover red flags on the application, bank statement, verification of deposit, verification of employment, pay stubs, W-2's or 1099's, tax returns, and sales contract.
The Refinance Calculation Challenge Challenge yourself to be more accurate when calculating the loan amount for refinance transactions.
Top Ten Appraisal Deal Killers ~ (aka) Key Changes to The Appraisal Are you finding that your appraisals are not walking through underwriting like they used to? Are Account Executives or Underwriters calling and talking in another language to tell you what is wrong? As more and more loans come through the foreclosure process, fraud through the appraisal comparable grid. Appraisals will go through intense scrutiny to insure values are intact. This course will walk you through what you are on the hook for if the loan does go into foreclosure and the value is investigated. Attendees will receive underwriting checklists that are used to analyze value and comparables. We will cover a wealth of information.
Fraud Stop it Before it Starts Every Mortgage publication, newspaper or magazine is covering Fraud and Foreclosure. The headlines daily read that somewhere someone has either plead guilty or been found guilty of fraud, either through the use of Straw buyers or the flipping process. All mortgage and real estate professionals should be on guard for schemes that can result in buy backs, jail time and/or fines. Awareness at the beginning of the Realtor Loan Officer relationship building process is imperative. Training the newest Realtors and Loan Officers is a start, however, educating the ones who act as mentors is even more important. While most companies are still offering the same old fraud classes, Power Training has designed a new course to get their attention. Who says you have to have served time to get your point across when it comes to fraud? The material will start off with the foreclosure statistics and move straight into the new state laws being proposed this session. We will cover violations, responsibility, punishment, use of stated income products, property flipping, straw-buying and title company fraud. The conclusion will focus on an FBI update, which should shock and surprise those who attend.
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info@powertraininginc.com P. O. Box 9256 Austin, TX 78766-9256