Conditional Loan Approval Mortgage Training
Conditional Loan Approval Mortgage Training, available at $54.99, has an average rating of 4.85, with 46 lectures, 3 quizzes, based on 44 reviews, and has 2132 subscribers.
You will learn about You will learn what a conditional loan approval is. You will learn how understand what conditions mean and how to overcome obstacles. You will be able to close more loans by becoming more knowledgeable on one of the most important decision making documents. You will know what specific mortgage abbreviations mean and how to play a part in the loan approval. You will learn who takes care of what conditions so that the loan process flows smoothly. You will understand the difference between different types of loan approvals and how you will need to approach each one. This course is ideal for individuals who are Anyone who wants to start a career as a loan processor, loan originator, underwriter, or other mortgage position. or Anyone who wants to master conditional loan approvals. or Anyone who wants to get paid more by closing more loans. or Anyone who wants to get hired faster by having advanced mortgage knowledge. or Anyone who want to grow and increase their knowledge in the mortgage industry. It is particularly useful for Anyone who wants to start a career as a loan processor, loan originator, underwriter, or other mortgage position. or Anyone who wants to master conditional loan approvals. or Anyone who wants to get paid more by closing more loans. or Anyone who wants to get hired faster by having advanced mortgage knowledge. or Anyone who want to grow and increase their knowledge in the mortgage industry.
Enroll now: Conditional Loan Approval Mortgage Training
Summary
Title: Conditional Loan Approval Mortgage Training
Price: $54.99
Average Rating: 4.85
Number of Lectures: 46
Number of Quizzes: 3
Number of Published Lectures: 46
Number of Published Quizzes: 3
Number of Curriculum Items: 49
Number of Published Curriculum Objects: 49
Original Price: $129.99
Quality Status: approved
Status: Live
What You Will Learn
- You will learn what a conditional loan approval is.
- You will learn how understand what conditions mean and how to overcome obstacles.
- You will be able to close more loans by becoming more knowledgeable on one of the most important decision making documents.
- You will know what specific mortgage abbreviations mean and how to play a part in the loan approval.
- You will learn who takes care of what conditions so that the loan process flows smoothly.
- You will understand the difference between different types of loan approvals and how you will need to approach each one.
Who Should Attend
- Anyone who wants to start a career as a loan processor, loan originator, underwriter, or other mortgage position.
- Anyone who wants to master conditional loan approvals.
- Anyone who wants to get paid more by closing more loans.
- Anyone who wants to get hired faster by having advanced mortgage knowledge.
- Anyone who want to grow and increase their knowledge in the mortgage industry.
Target Audiences
- Anyone who wants to start a career as a loan processor, loan originator, underwriter, or other mortgage position.
- Anyone who wants to master conditional loan approvals.
- Anyone who wants to get paid more by closing more loans.
- Anyone who wants to get hired faster by having advanced mortgage knowledge.
- Anyone who want to grow and increase their knowledge in the mortgage industry.
Are you planning to start a career as a loan processor, loan originator, or underwriter and don’t know how to read and understand a conditional loan approval yet? I can guarantee that once you start working or if you are already working in the mortgage industry, you will see a conditional loan approval often. This course on “Conditional Loan Approval Mortgage Training” goes over 15 real life examples of loan approvals. As your instructor, I will go into detail on every aspect of a conditional loan approval so that you can master this important document on every loan.
But what is a conditional loan approval? This is a document that’s provided by the underwriter that tells you if a borrower has been approved for a loan or not and what conditions need to be submitted to be able to close on the loan. Having closed hundreds of mortgage loans in the past, I can tell you that this is what makes or breaks deals and is the reason why some people earn twice as much as other people.
How is this course broken down?
Section onegoes over important definitions and aspects of a conditional loan approval.
Section twogoes over the first 5 conditional loan approval examples plus a practice exam at the end to reinforce what you’re learning.
Section threegoes over the next 5 conditional loan approval examples that include different variations and situations you will see in real life plus a practice exam at the end to reinforce what you’re learning.
Section four goes over the last 5 conditional loan approval examples which will include additional situations you will normally see when performing your job plus a practice exam at the end to reinforce what you’re learning
Section fiveexplains the importance of loan approvals and possible situations that may come up.
What’s included in this course?
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15 real lifeconditional loan approvals
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3 practice tests to confirm you’re understanding the content
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1 downloadable pdf for a blank mortgage loan commitment
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Instructor assistance any time as a current student
The main benefits of this course:
– Real life mortgage conditional loan approvals explained in detail
Loan processors and mortgage loan originators that know how to interpret loan approvals end up closing loans faster, which means you are more productive and will be paid more.
– Detailed explanations on how to proceed with specific loan conditions on FHA, Conventional, and VA loans
– Close loans faster than your peers
– Minimize errors and impress superiors
– Learn to quickly analyze an entire loan scenario and loan criteria
– Become familiar with terms such as CIC, LTV, DTI, FHA case numbers, MI, UFMIP, LOX, and many other terms.
– Learn to determine what the cash to close is and if borrowers will have any seller credits
Don’t wait until the day of your interview. Start now with these loan approval examples and master a key component of closing loans.
Once you complete this course on Conditional Loan Approval Mortgage Training (Loan Processor & Mortgage Loan Originator Skills Training: 15 loan approval examples reviewed and explained in detail), a course diploma will be available to you when all sections have been completed at 100% which you can save or print. For instructions on downloading your course diploma you can go to: https://support.udemy.com/hc/en-us/articles/229603868-Certificate-of-Completion
Your instructor
Joseph Correais the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans and processed many of them, he has the necessary processing knowledge to help you become a success. In the past, he has also owned a correspondent lender business and invested in real estate.
Course Curriculum
Chapter 1: Introduction to Conditional Loan Approval Mortgage Training
Lecture 1: Introduction to Conditional Loan Approval Mortgage Training
Lecture 2: What is a conditional loan approval?
Lecture 3: What's the difference between being prequalified and having a loan approval?
Lecture 4: Who provides a conditional loan approval and when is it provided?
Lecture 5: Why should loan processors learn to read a conditional loan approvals?
Lecture 6: How to get hired fast in the mortgage industry
Lecture 7: How long does it take to get a conditional loan approval?
Lecture 8: Are all loan approvals the same for all lenders?
Lecture 9: Can conditional loan approvals become denied loans?
Lecture 10: How to obtain a conditional loan approval
Lecture 11: How to bring in more borrower as a mortgage professional
Chapter 2: Conditional Loan Approval Examples 1 through 5
Lecture 1: Loan approval example #1 for a refi co 30 yr conventional: Criteria
Lecture 2: Loan approval example #1 for a refi 30 yr conventional: Conditions
Lecture 3: A Quick Interruption
Lecture 4: Loan approval example #2 for a 15 yr fixed conventional purchase: Criteria
Lecture 5: Loan approval example #2 for a 15 yr fixed conventional purchase: Conditional
Lecture 6: Loan approval example #3 for a 30 yr fixed FHA purchase: Criteria
Lecture 7: Loan approval example #3 for a 30 yr fixed FHA purchase: Conditions
Lecture 8: Loan approval example #4 Conventional 30 yr fixed refi c/o: Criteria
Lecture 9: Loan approval example #4 Conventional 30 yr fixed refi c/o: Conditions
Lecture 10: Loan approval example #5 for a Conventional 30 yr fixed purchase: Criteria
Lecture 11: Loan approval example #5 for a Conventional 30 yr fixed purchase: Conditions
Chapter 3: Conditional Loan Approval Examples 6 through 10
Lecture 1: Loan approval example #6 for a 30 yr fixed conventional purchase: Criteria
Lecture 2: Loan approval example #6 for a 30 yr fixed conventional purchase: Conditions
Lecture 3: Loan approval example #7 for a 20 yr fixed refi with appraisal waiver: Criteria
Lecture 4: Loan approval example #7 for a 20 yr fixed refi w/appraisal waiver: Conditions
Lecture 5: Loan Approval example #8 for a 30 yr fixed FHA purchase: Criteria
Lecture 6: Loan Approval example #8 for a 30 yr fixed FHA purchase: Conditions
Lecture 7: Loan Approval example #9 for a 30 fixed VA purchase: Criteria
Lecture 8: Loan Approval example #9 for a 30 fixed VA purchase: Conditions
Lecture 9: Loan Approval example #10 for a 30 yr fixed FHA refi c/o: Criteria
Lecture 10: Loan Approval example #10 for a 30 yr fixed FHA refi c/o: Conditions
Chapter 4: Conditional Loan Approval Examples 11 through 15
Lecture 1: Loan Approval example #11 for a 30 yr fixed FHA purchase w/gift funds: Criteria
Lecture 2: Loan Approval example #11 for a 30 yr fixed FHA purchase w/gift: Conditions
Lecture 3: Loan Approval example #12 for a Conventional Suspense status loan: Criteria
Lecture 4: Loan Approval example #12 for a Conventional Suspense status loan: Conditions
Lecture 5: Loan Approval example #13 for a HomeReady 30 yr fixed purchase: Criteria
Lecture 6: Loan Approval example #13 for a HomeReady 30 yr fixed purchase: Conditions
Lecture 7: Loan Approval example #14 for a 30 yr fixed conventional purchase: Criteria
Lecture 8: Loan Approval example #14 for a 30 yr fixed conventional purchase: Conditions
Lecture 9: Loan Approval example #15 for a 30 yr fixed FHA refi r/t: Criteria
Lecture 10: Loan Approval example #15 for a 30 yr fixed FHA refi r/t: Conditions
Lecture 11: Updated Uniform Residential Loan Application
Chapter 5: Important Things to Take into Account on Conditional Loan Approvals
Lecture 1: The next step once you have a conditional loan approval
Lecture 2: The most important things when reviewing a CLA
Lecture 3: Thank you
Instructors
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Joe Correa
Entrepreneur and Technology Innovator
Rating Distribution
- 1 stars: 1 votes
- 2 stars: 1 votes
- 3 stars: 1 votes
- 4 stars: 14 votes
- 5 stars: 27 votes
Frequently Asked Questions
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!
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