Monday Mistakes: Purchase Agreements

I haven't posted a Monday Mistake in ages! So I've got a ton of tips stored up.....just need the time to get them posted!!!

Today's post is short and sweet:

You must provide the appraiser with the sales contract......and all addenda.  If the sales price changes, the appraiser must be alerted.

8 Hour SAFE Comprehensive CE Refresher Webinar (NMLS #2115). Register for this course and receive the following bonus course: "7 Rules for Generating Leads Through Social Media" presented by Internet Mortgage Marketing Expert Jackie Kiadii!  (A $59 Value!).

D. Bass ~ Mortgage Underwriter & Trainer: www.alphamortgagetraining.net

SAFE Act 8 hour Cont'd Ed

OCTOBER SCHEDULE

8 Hour SAFE Comprehensive: MLO Refresher NMLS #2115

This continuing education course is intended to serve as a refresher for all mortgage loan originators, whether experienced or new. It includes the core topics as required by the SAFE Act: Federal lending legislation (3 hrs), ethics (2 hrs), and nontraditional mortgage products (2 hrs). It also presents a high level review of key terms and concepts associated with mortgage origination activities in general (1 hr). 

EASTERN STANDARD TIME:

Click Here to register:  10/03/11-10/06/11 12pm -2pm EST

Click Here to register:  10/10/11-10/13/11 12pm -2pm EST

Click Here to register:  10/17/11-10/20/11 12pm -2pm PST

Click Here to register:  10/24/11-10/27/11 12pm -2pm PST

8 Hour SAFE Comprehensive CE Refresher Webinar (NMLS #2115)

Register for this course and receive the $99 early bird special and a bonus course: "7 Rules for Generating Leads Through Social Media" presented by Internet Mortgage Marketing Expert Jackie Kiadii!  (A $59 Value!).

D. Bass ~ Mortgage Underwriter & Trainer

www.alphamortgagetraining.net

SAFE Act 8 hour Cont'd Ed

OCTOBER SCHEDULE

8 Hour SAFE Comprehensive: MLO Refresher NMLS #2115

This continuing education course is intended to serve as a refresher for all mortgage loan originators, whether experienced or new. It includes the core topics as required by the SAFE Act: Federal lending legislation (3 hrs), ethics (2 hrs), and nontraditional mortgage products (2 hrs). It also presents a high level review of key terms and concepts associated with mortgage origination activities in general (1 hr). 

EASTERN STANDARD TIME:

Click Here to register:  10/03/11-10/06/11 12pm -2pm EST

Click Here to register:  10/10/11-10/13/11 12pm -2pm EST

Click Here to register:  10/17/11-10/20/11 12pm -2pm PST

Click Here to register:  10/24/11-10/27/11 12pm -2pm PST

8 Hour SAFE Comprehensive CE Refresher Webinar (NMLS #2115)

Register for this course and receive the $99 early bird special and a bonus course: "7 Rules for Generating Leads Through Social Media" presented by Internet Mortgage Marketing Expert Jackie Kiadii!  (A $59 Value!).

D. Bass ~ Mortgage Underwriter & Trainer

www.alphamortgagetraining.net

 SAFE Act 8 hour Cont'd Ed: Early Bird Special

AUGUST IS THE LAST MONTH FOR THE $99 EARLY BIRD SPECIAL

This continuing education course is intended to serve as a refresher for all mortgage loan originators, whether experienced or new. It includes the core topics as required by the SAFE Act: Federal lending legislation (3 hrs), ethics (2 hrs), and nontraditional mortgage products (2 hrs). It also presents a high level review of key terms and concepts associated with mortgage origination activities in general (1 hr).  

                                                  Click Here to register: 8/22/11 - 8/25/11  12pm- 2pm EST

8 Hour SAFE Comprehensive CE Refresher Webinar (NMLS #2115)

Register for the August course and receive the $99 early bird special and a bonus course: "7 Rules for Generating Leads Through Social Media" presented by Internet Mortgage Marketing Expert Jackie Kiadii!  (A $59 Value!).

 Click Here to register: 8/22/11 - 8/25/11  12pm- 2pm EST

D. Bass ~ Mortgage Underwriter & Trainer

www.alphamortgagetraining.net

 8 Hour SAFE Comprehensive: MLO Refresher (includes a bonus social media course!)

 June 20, 2011 - June 23, 2011 @ 12pm-2pm

This course was designed to meet the 8 hour continuing education requirement. The course is offered as an online live webinar "Lunch and Learn" and is taken over the course of four days Monday- Thursday from 12:00pm to 2:00pm.

This continuing education course is intended to serve as a refresher for all mortgage loan originators, whether experienced or new. It includes the core topics as required by the SAFE Act: Federal lending legislation (3 hrs), ethics (2 hrs), and nontraditional mortgage products (2 hrs). It also presents a high level review of key terms and concepts associated with mortgage origination activities in general (1 hr). Questions, activities and discussions keep participants interest in the course.

Register for the April course and receive the bonus course "7 Rules for Generating Leads Through Social Media" presented by Internet Mortgage Marketing Expert Jackie Kiadii! (A $59 Value!)

This introductory social media course covers:

• The essential 7 steps to successful social media.
• The culture of social media.
• How to determine if social media is right for your business
• Developing a social media strategy.
• Time-saving tips.
• An overview of the most popular social media tools.

Attendees will recieved an email confirmation with a web link and dial in phone number 48 hours prior to the webinar.

ALL TIMES ARE EASTERN STANDARD TIMES

8 Hour SAFE Comprehensive: MLO Refresher (NMLS #2115)

Exceptions to the requirement that borrowers be natural persons are:

• inter vivos revocable trusts,

• land trusts in some states if the beneficiary is an individual. Contact the lead Fannie Mae regional office to determine acceptability of a land trust as a borrower, and

• HomeStyle Renovation mortgages.

8 Hour SAFE Comprehensive CE Refresher Webinar (NMLS #2115)

Register for the April course and receive the bonus course "7 Rules for Generating Leads Through Social Media" presented by Internet Mortgage Marketing Expert Jackie Kiadii!  (A $59 Value!) 

5/23/11- 5/26/11 EST 12pm-2pm Click here for more details

D. Bass ~ Mortgage Underwriter & Trainer

www.alphamortgagetraining.net

Ask The Underwriter: Monday Mistakes Series

Child Support, Alimony, etc.

• Copy of Divorce Decree or copy of actual judgment filed.
• At least three months proof of reciept.

The underwriter will not consider the income if the borrower cannot provide a paper trail.

 8 Hour SAFE Comprehensive CE Refresher Webinar (NMLS #2115)

Register for the April course and receive the bonus course "7 Rules for Generating Leads Through Social Media" presented by Internet Mortgage Marketing Expert Jackie Kiadii!  (A $59 Value!)

4/18/11 - 4/21/11  12pm- 2pm EST

D. Bass ~ Mortgage Underwriter & Trainer

www.alphamortgagetraining.net

Ask The Underwriter: Monday Mistakes Series 

I keep a "list" of things I see during my underwrites. I thought it would be a great learning tool for mortgage professionals. The" Monday Mistakes Series" are a couple of things I share with AR on a weekly basis.

This weeks top picks:

• If your borrower will recieve thier gift funds at the closing table you will need to document the donors ability to give.
• Check your lenders guidelines for omitted debt. The guidelines are slowly changing regarding 10 months or less!

The underwriter will not consider the income if the borrower cannot provide a paper trail.

 8 Hour SAFE Comprehensive CE Refresher Webinar (NMLS #2115)

Register for the April course and receive the bonus course "7 Rules for Generating Leads Through Social Media" presented by Internet Mortgage Marketing Expert Jackie Kiadii!  (A $59 Value!)

 4/12/11 & 4/18/11  12pm -4pm PST

4/18/11 - 4/21/11  12pm- 2pm EST 

D. Bass ~ Mortgage Underwriter & Trainer

www.alphamortgagetraining.net

8 hour SAFE Act Course (includes a bonus social media course!)

                 August 22nd , 2011 - August 25, 2011 @ 12pm-2pm

 8 Hour SAFE Comprehensive CE Refresher Webinar (NMLS #2115)

This course was designed to meet the 8 hour continuing education requirement. The course is offered as an online live webinar "Lunch and Learn" and is taken over the course of four days Monday- Thursday from 12:00pm to 2:00pm.

This continuing education course is intended to serve as a refresher for all mortgage loan originators, whether experienced or new. It includes the core topics as required by the SAFE Act: Federal lending legislation (3 hrs), ethics (2 hrs), and nontraditional mortgage products (2 hrs). It also presents a high level review of key terms and concepts associated with mortgage origination activities in general (1 hr). Questions, activities and discussions keep participants interest in the course.

Register for the April course and receive the bonus course "7 Rules for Generating Leads Through Social Media" presented by Internet Mortgage Marketing Expert Jackie Kiadii!  (A $59 Value!)

This introductory social media course covers: 

• The essential 7 steps to successful social media.
• The culture of social media.
• How to determine if social media is right for your business
• Developing a social media strategy.
• Time-saving tips.
• An overview of the most popular social media tools.

Attendees will recieved an email confirmation with a web link and dial in phone number 48 hours prior to the webinar.

ALL TIMES ARE EASTERN STANDARD TIMES

Ask The Underwriter: Monday Mistakes Series

This weeks top picks:

• FEMA Disaster Area: If the subject property is in a FEMA Disaster Area; make sure the appraiser addresses it.
• Credit Inquries: Always address credit inquiries; no matter how  trivial or obvious they may seem.

COMING SOON:  

• Analyzing the Self-Employed Borrower $69*  
• Closing Quality Loans $69* 

Alpha Mortgage Training offers live and instructor led on-line courses. If you are looking to learn technique and theory than contact Alpha Mortgage Training.  Our Courses were written by underwriters with a combined 58 years of conventional and government experience. Our courses will help you produce quality loans and increase your closing ratio

*Early Registration coming soon.  Regular price: $99