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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.
Ethics Course This course will be required for licensed broker and loan officers for either issuance or renewal of your license. This course may be taken with the package above or individually.
Loan or Lawsuit Origination - A Guide to the Texas State Test
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.
Perfecting Your Application Interview Skills and Mastery of the Good Faith Estimate Your initial licensing training helped you pass the test but you didn't learn some of the basics that you need to get the loans to closing. Your deals are falling apart because of questions that you didn't know you needed to aks. This course is extremely effective in getting you to think like an underwriter and head off possible issues with loans before they come to your desk and start costing you money.
This course will bring into focus the areas that are commonly missed during the application and good faith process. You will never again be embarrassed by your good faith estimate or have to justify your charges either during interview or at the table. Be the hero of the transaction and get those referrals!
Critical Analysis of the Loan Application – Getting the Deal to the Table This course goes through possible questions and scenarios that may come up as the loan application is taken. Having the technical knowledge is great, but you need to ask questions too. This course will enlighten you in the levels of underwriting risk and what impact each one has the loan decision-making process. The loan application is not as easy as 1,2,3. You need to ask questions, but if you don’t know what they are or why they matter, your loan applications will end up coming back to you from processing and worse, underwriting. This course will teach you how to:
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.
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:
FHA — For Originators & Processors HUD is changing the way Brokers are approved to do business with them and so this may become the mainstream of your new business plan, or, if your office just received your HUD approval and recently started originating FHA loans, this course is a MUST. With HUD making major changes regarding non-allowables and appraisals, the loan is now easier to originate and process. There are many advantages to the FHA loan that allow borrowers to qualify for more home and be more flexible in obtaining their funds for closing. The course is written in easy to follow instruction and gives information you can't find in the manual.
VA — For Originators & Processors 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 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.
Key Changes to the Appraisal This course will walk you through the changes to the appraisal and help you head off issues before they get to underwriting. Attendees will receive a check list that is used by underwriting to analyze value and comparables. We will analyze the Sections titled,
Final review of acceptable adjustments per line, column and overall.
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 for Texas 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