mortgage training: Online MLO CE Course
- 12/12/20 01:47 PM
There are only have 19 days left in this month! If you haven't taken your required continuing education, we have an online option that you can take at your own pace! Click here to fulfill your NMLS Continuing education requirement.
D. Bass Underwriter/Training and Development Coach www.asktheunderwriter.net
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mortgage training: Mortgage Training Tips: Trust Agreements
- 04/18/11 03:11 AM
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 … (0 comments)
mortgage training: Ask The Underwriter: Monday Mistakes Series
- 03/28/11 05:14 AM
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. … (1 comments)
mortgage training: Mortgage Training: Tips from Underwriting Sense..into the mind of an Underwriter
- 08/17/09 02:55 AM
Tips from the course: Underwriting Sense....into the mind of an Underwriter WHAT'S wrong with MY Internet printout!!!! The Internet is slowly but surely eliminating the need for paper. While this is a good thing for the environment it is a....difficult transition for organizations that have to verify documents! Internet printout are okay if they: Identify the borrower as the employee or owner of the account Identify the credit reporting agency, employer or financial institution Show the headers, footers and the banner portion of the printout from the web page (and included all pages printed Include the URL (Uniform Resource … (2 comments)
mortgage training: Alpha Mortgage Training is a NMLS-approved mortgage education provider!
- 08/05/09 02:33 PM
Alpha Mortgage Training is a NMLS-approved mortgage education provider! Atlanta, Ga , August 6, 2009: Alpha Mortgage Training (Provider ID:1400100) is officially approved as a mortgage education provider through the Nationwide Mortgage Licensing System (NMLS). We will keep you updated with upcoming course approval announcements! The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires that state-licensed mortgage loan originators (MLOs) complete pre-licensure and annual continuing education. Click here for more information regarding the requirements for CE & PE. Alpha Mortgage Training offers instructor led on-line courses on a monthly basis. Live training available in some states. If … (0 comments)
mortgage training: Mortgage Training: Tips from Underwriting Sense..into the mind of an Underwriter
- 08/04/09 01:17 AM
Mortgage Training: Tips from the course: Underwriting Sense....into the mind of an Underwriter WHY do you NEED the tax bill and hazard insurance dec page? Here's a question we get often! I have had to go to bat with Brokers, Processors and Account Executives regarding this condition! We don't ask for these documents to give you a hard time or to make you go back to your borrower! There is actually a legitimate reason we ask for it. When a schedule of Real Estate Owned is submitted with "free & clear" properties listed we have to have accurate verified taxes and insurance … (0 comments)
One 1003 Please!!! I'm going to be completely honest with you: Ask The Underwriter: D. Bass has actually denied a loan due to multiple 1003s. Before you click unsubscribe...hear me out! The loan had four (4) 1003s in it and every on every single 1003 the borrowers worked at different jobs and made a different amount of income! And.....No.... this was not during the stated income era...it was actually quite recent. One thing you have to understand is all the underwriter has to go by is in … (0 comments)
Here are the upcoming Live On-line Training Events for August:
FHA JUMP START August 18th-19th (Taught by a FHA Underwriter) When just one mistake in your FHA loan file could cost you weeks in underwriting and thousands of lost dollars a month, you can't afford to miss this course
SELF EMPLOYED BORROWER August 20th Stated Income is GONE and TAX RETURNS are BACK! How many times have you received your conditions back from the underwriter asking for schedules you've never even heard off!!! This course teaches you how … (1 comments)
mortgage training: 7 Habits of a Productive Mtg Professional
- 05/17/09 07:56 AM
HABIT TWO: Be Courteous Have you ever done business with someone that was rude? Have you ever asked a sales associate at a store a question and you felt like you were bothering them? Do you have a co-worker that's rude to their fellow co-workers and clients? People work with people they like. The nicer you are to your borrowers the fewer phone calls you will get. They will feel confident that you have their best interest in mind.
Live FHA Training available in various states. We also offer instructor led on-line courses. If you are looking to learn … (4 comments)
mortgage training: 7 Habits of a Productive Mortgage Professional
- 01/26/09 10:58 AM
7 Habits of a Productive Mortgage Professional HABIT ONE: Knowledgeable As a Mortgage Professional we must be knowledgeable about the mortgage process, answer the borrower's questions (honestly and without them asking: EXPLAIN THE NEXT STEPS. I'm not just writing this because I sell mortgage courses! I am a wholesale Mortgage Underwriter and I talk to brokers all the time who are probably great sales people, but they do not understand what they are doing. Live FHA Training available in various states. We also offer instructor led on-line courses. If you are looking to learn technique and theory than contact Alpha Mortgage Training. … (3 comments)
mortgage training: Freddie Mac Going back to 45% DTI
- 10/19/08 12:50 PM
Upcoming Changes to Freddie's Credit Requirements These credit changes will be published in the November Guide Bulletin and will be will be effective for Freddie Mac settlements on and after February 2, 2009: Eliminate purchases of all mortgages originated with stated income and/or stated assets, including borrower selected programs, lender-branded and marketed programs, and system-selected programs such as Loan Prospector® Accept Plus. Establish a maximum debt-to-income ratio of 45 percent for all mortgages they purchase, except for Streamlined Refinance Mortgages. They made a few other changes I will talk about later this week, but we expected the DTI to go back down didn't … (9 comments)
mortgage training: FHA Mortgage Training: Jump Start 3 Hour Workshop $99
- 06/02/08 07:19 AM
FHA Mortgage Training that fits in everyone's budget! Spring into FHA with the information you need to get your loan approved. This course was designed for you to hit the ground running. A 3 hour course that goes over the information you need to get your FHA loan approved! June 10th's course filled up quick! Reserve your spot now.
~ Learn why your FHA loans are sitting or denied~ Put a submission action plan together for future loans~ Learn the calculations you need to pre-qualify your borrower Who should take this course?~ Loan Processors~ Loan Originators~ Real Estate Agents~ Jr. Underwriters~ … (1 comments)
mortgage training: FHA Training: Houston,Tx
- 04/27/08 02:32 AM
FHA Mortgage Training: Houston,TX May 14-15th 9am-4pm We still have slots available! Join Alpha Mortgage Training in Houston,TX for a Live FHA Mortgage Training Course. This course was written by a Mortgage Underwriter to train Mortgage Professionals to work with FHA loans. This course is taught by seasoned D.E. Underwriters. The object of this course is: to learning the FHA mortgage process; so you can hit the ground running.
You can register for this courses at: http://www.alphamortgagetraining.net/courses.php?cat_id=4 Alpha Mortgage Training also offers Instructor Led On-line FHA Courses twice a month. You can register at: http://www.alphamortgagetraining.net/courses.php?cat_id=3. On-line course fill up quickly! Next On-line course is May 13-14th 9am-12pm. We will … (2 comments)
mortgage training: Mortgage Training: Underwriting Sense...into the mind of an underwriter!
- 03/31/08 04:12 AM
Appalachian Technical College and Alpha Mortgage Training have partnered to offer Mortgage Training Courses. This course is taught by seasoned mortgage underwriters. The Mortgage industry has shifted.....you need to shift with it! This is the course for you. Underwriting Sense will give you the information you need to get your loans to the CLOSING table. HOW?..by telling you what you need to know: What The Underwriter Is Looking For!
This course goes over: Areas Commonly Missed on the 1003- we will go over the areas that slow your loan down in underwriting (you'll be very surprised!) AUS Tips- the industry is moving back to DU (FannieMae) & LP (Loan Prospector) … (2 comments)
mortgage training: FHA Mortgage Training in Georgia (Live)
- 03/31/08 03:53 AM
Live FHA Mortgage Training in Woodstock,Ga & Jasper,Ga at Appalachian Technical College. Appalachian Technical College and Alpha Mortgage Training have partnered to offer Live FHA Mortgage Training Courses. This course was written by a Mortgage Underwriter to train Mortgage Professionals to work with FHA loans. This course is taught by seasoned FHA professionals. The focus of the training is learning the FHA mortgage process. If you aren't currently doing FHA loans or need a refresher course, this is the course for you. We offer Live & Instructor Led On-line Training. This course is taught by seasoned DE Underwriters and breaks down the FHA mortgage process in … (2 comments)
mortgage training: Mortgage Training: Ask The Underwriter=Sales Contract
- 03/28/08 05:07 AM
Mortgage Training Subject: Sales Contracts (Purchase Agreements) It's Friday! It's the end of the month! ....and I think I'm going to start a little trouble again! Let's talk about Sales Contracts. Sales Contracts are not considered Fully Executed unless they are signed by all parties, have all the addendums attached and of course completed stipulations (if any).
...but there's something else: We have to be able to read it! In this era of paperless underwriting, faxed and emailed copies it gets a little tricky. How many of you out there send underwriters sales contracts without all the addendums and contracts faxed so many times you get … (9 comments)
mortgage training: Mortgage Training: Ask The Underwriter= More Questions!
- 03/27/08 03:05 AM
I've spoken to several loan processors and mortgage brokers regarding the Uniform Residential Loan Application (URLA or 1003). One of the hardest things to convince them is how important it is for them to complete the borrower's birthday and the Declarations section. The issue is most Automated Underwriting Systems (AUS) require the birth-date and the declaration information. So here are my questions for you today: Do you think asking the borrower for their birth-date is a waste of time? Do you take the time to ask the borrower the questions in the Declarations section (see below) on the Application or do you complete it yourself after … (7 comments)
mortgage training: Mortgage Training: Ask The Underwriter= Questions
- 03/26/08 05:17 AM
The Free Mortgage Training Course on my website this month is: Areas Commonly Missed on the 1003. I originally wrote this mini course out of frustration. Mortgage Professionals (Processors and Loan Officers) don't realise that an incomplete application can stall you loan for up to two days! Once we recieve the loan in the underwriting department we are still left guessing because the person who called you about the incomplete application only asked you for what they needed to input the loan. Now in order to underwriter the loan I need more information. It becomes a frustrating process for the lender and the … (13 comments)
mortgage training: Mortgage Training: Ask The Underwriter
- 03/24/08 06:44 AM
Mortgage Training; Income Calculations Loan Originators, I have a few questions for you: How do you calculate Income? How do you do you document it? What do you ask the borrower when you take your application? Loan Processors, When you receive the file from the Loan Originator do you immediately verify the income? Do you make sure the income documents submitted match the application? When the underwriter cuts your income do you find out why? I've received a few questions regarding income and documentation. I was curious to know how people are handling their income calculation & documentation.
Live FHA Training available in various states. Mortgage training … (9 comments)
mortgage training: Good news for those in need of FHA Training
- 03/20/08 07:57 AM
Appalachian Technical College and Alpha Mortgage Training have partnered to offer Live FHA Mortgage Training Courses. This course was written by a Mortgage Underwriter to train Mortgage Professionals to work with FHA loans. This course is taught by seasoned FHA Underwriters. The focus of the training is "learning the FHA mortgage process". These courses will be taught at Appalachian Tech's Woodstock & Jasper Campus"
Alpha Mortgage Training also offers online Courses (instructor led and self-study). Our Live Training events for various states can be found at: http://www.alphamortgagetraining.net/courses.php?cat_id=4 . The following states will be added within the next couple of weeks: OhioIllinoisMichiganIndianaNew YorkNew JerseyVirginiaWashingtonMissouriLook for the Incomplete series to … (4 comments)
There are only have 19 days left in this month! If you haven't taken your required continuing education, we have an online option that you can take at your own pace! Click here to fulfill your NMLS Continuing education requirement.
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