Continuing Education Online Self-Paced Video

1 Hour SAFE Elective: Opening up the eClosing Process Video CE (Online)

About this Course

Each loan program has different requirements related to sources of funds that may be used by borrowers to close a transaction. Often borrowers need advice from their mortgage loan originator when discussing additional assets they can use to cover the cost to close on a home loan. This course will review the most common sources of funds for down payment, closing costs, and reserve funds. This course satisfies one hour of elective education for loan originators.
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SKU 4303US21265A00

  • 24/7 access to your course online
  • Certificate of completion

Course Preview

What You'll Learn

  • Important terms related to the electronic mortgage loan process
  • Opportunities and obstacles associated with electronic transactions
  • The various forms of partially- or fully-electronic closings
  • The role that notarization plays in the mortgage closing process
  • Differences between IPEN and RON and what they mean for an eClosing
  • General standards for originating conventional eMortgages that comply with Fannie Mae and Freddie Mac guidelines

How it Works

This is an online self-paced course that allows you to study the course material independently and at your convenience. Access to a computer with internet access is required. Please note this course is only supported for laptop or desktop computers, as NMLS requirements prohibit the consumption of licensing training on mobile devices, such as cell phones or tablets


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