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INDUSTRY RELATED COURSE DESCRIPTIONS

All classes listed in this section are taught on a request basis.  If you would like to be put on a list to be contacted when the class is requested, please send an email to: info@powertraininginc.com and list the class you are interested in.


VA Changes for 2020 - Webinar
$20 per person (no NMLS credit) - approximately 1 1/2 hours

Course Highlights:

  • Changes to loan amount calculation for Veterans with FULL entitlement;
  • New Funding Fee Chart;
  • Waiver of funding fee for certain Veterans;
  • Calculation new bonus entitlement amount;
  • Equity consideration for Veterans completing construction-permanent loan.

Processing VA Loans - Classroom

$95 per person (no NMLS credit) - approximately 4 hours

Course Highlights

  • Calculating residual income;
  • Figuring Veteran entitlement calculation including remaining entitlement worksheets;
  • Required disclosures;
  • “Allowable” fees and the Loan Estimate;
  • Basic income and asset requirements;
  • Completing the loan analysis and 1802a.

Processing 101 - Basics - Classroom

$225 per person (no NMLS credit) - approximately 12 hours (2 days)

Course Highlights - Learn How To:

  • Review application for completeness and prepare a needs list;
  • Order necessary verifications, verbal and in writing;
  • Order title commitment and basic review of schedules A-D;
  • Order homeowners policy;
  • Order survey when you need to.

Advanced Processing - Classroom

$175 per person (no NMLS credit) - approximate time 6 hours
Course Highlights - Learn How To:

  • Calculating different types of income including base pay, overtime, bonus, commission, rental income and "other types" of income;

  • Documenting and sourcing funds to close including down payment, closing costs, discount points and establishment of impound account;

  • Use of gift funds and required documentation;

  • Review tax returns, schedules A-E and 1-6;

  • Request letters of explanation for:
    • Job gaps;
    • Increases in assets, large deposits;
    • Late payments, inquires on credit report and address discrepancies.
 



 
© 2020 Power Training. All rights reserved.
Course subjects, pricing and scheduling are subject to change.
NMLS Provider #1400059 | TREC Provider #0495
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512-451-9112 | P.O. Box 998, Manchaca, Texas 78652
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