Applying for a VA loan can be a daunting task for any potential borrower. VA loans are in a class of their own, with special qualification and eligibility requirements. Given the specific and unique characteristics of VA loans, mortgage professionals must understand the ins and outs of this program in order to help borrowers through the origination process. This course will provide guidance on the basic mechanics of VA lending.

Credit reports are one of the most essential tools used by a lender in the loan manufacturing process, as they provide valuable insight into a borrower's financial history. How a borrower utilizes credit and how they repay their financial obligations help to create a risk profile to assist the lender in making an informed decision when determining whether to extend credit. This course is designed to provide students a basic foundation around what a credit report is and how it is utilized by lenders.

This course will help mortgage professionals to understand general concepts about VA lending, including its background, current requirements, eligibility standards, how to become an approved lender, available loan types, and more.

This course provides a working knowledge of federal flood insurance requirements.

The FHA Streamline Refinance program provides existing FHA borrowers with an opportunity to improve their mortgage loan terms for minimal cost with minimal documentation. Mortgage professionals who understand the nuances of this program will be able to effectively work with borrowers in helping them to achieve their refinancing goals. This course will explore some of the key features of the FHA Streamline Refinance program.

Accurately calculating borrower income is a key component of the qualification process. This course educates students on the collection and review of income documents for hourly or salaried borrowers, as well as some red flags to consider when analyzing these documents.

This course will dig into the wide array of defects that could appear on a title commitment and how those are commonly resolved, including some that are encountered less frequently.  Additionally, this course will detail the differences between modular and manufactured homes and the potential title implications of each.

What You’ll Learn:          

·         Identify problems that can cause title defects and how they are resolved

·         Recall how title works for homes that are modular and manufactured

·         Recognize how title insurance coverage can be tailored to add protection

·         Define title fraud and title insurance fraud and what they mean

This course will focus on the various deeds used to transfer title between entities, as well as the various defects that could appear on title and potential measures that can be taken to cure them.

What You’ll Learn:

· Recall various forms of deeds and what they mean for title transfers

· Identify the factors that influence title, such as deed types, liens, easements, and more

· Recognize a number of title defects and how they may be addressed

Title insurance is one of the most important aspects of the mortgage application process. Effective mortgage professionals must know how to read and interpret the information on a title commitment in order to determine any potential risks to the borrower or lender and determine what action steps are needed to resolve those risks. In this course, participants will be introduced to what title insurance is, as well as some of the key terminology used within. Participants will also be able to review a sample title commitment.

What You’ll Learn:

· Recognize the purpose of title insurance and its varying forms

· Define key terms related to title

· Consider the components of a basic title commitment

This course provides students with insights on borrowers who derive their income from an S corporation, including an overview of the tax documents typically needed to approve a borrower and direction on how to properly calculate income.

What You’ll Learn:

· Recognize the tax forms used for individuals earning income through S corporations

· Describe the process to determine monthly income of a person who owns an S corp

· Demonstrate how to calculate self-employed monthly income