Loan Processor & MLO Mortgage Math: Problems & Solutions

Loan Processor & MLO Mortgage Math: Problems & Solutions, available at $84.99, has an average rating of 4.58, with 50 lectures, 12 quizzes, based on 333 reviews, and has 2851 subscribers.

You will learn about You will learn how to master common mortgage math calculations such as: LTV, CLTV, DTI, Income, etc. You will learn how to solve common question types and how to solve them quickly and accurately You will be able to confidently pass the math portion of the SAFE Mortgage Loan Originator Test You will have a better understanding of mortgage math calculations You'll discover new ways to figure out mortgage calculations that will save you time and unnecessary mistakes You'll understand what abbreviated mortgage terms are so that you can communicate effectively with banks and lenders You will have a better understanding of mortgage math calculations This course is ideal for individuals who are Anyone who wants to overcome math obstacles that are in your way or Anyone who wants to become an instant success in the mortgage industry or Anyone who wants to clearly communicate the numbers behind mortgages to borrowers or Anyone who is considering taking the SAFE Mortgage Loan Originator Test and want to pass on their first try or New mortgage loan originators that want to speed up the learning process and be able to start originating loans right away or Experienced loan officers who want to polish their mortgage skills by upgrading their math knowledge or Anyone who wants to learn how calculate mortgage ratios and figures faster It is particularly useful for Anyone who wants to overcome math obstacles that are in your way or Anyone who wants to become an instant success in the mortgage industry or Anyone who wants to clearly communicate the numbers behind mortgages to borrowers or Anyone who is considering taking the SAFE Mortgage Loan Originator Test and want to pass on their first try or New mortgage loan originators that want to speed up the learning process and be able to start originating loans right away or Experienced loan officers who want to polish their mortgage skills by upgrading their math knowledge or Anyone who wants to learn how calculate mortgage ratios and figures faster.

Enroll now: Loan Processor & MLO Mortgage Math: Problems & Solutions

Summary

Title: Loan Processor & MLO Mortgage Math: Problems & Solutions

Price: $84.99

Average Rating: 4.58

Number of Lectures: 50

Number of Quizzes: 12

Number of Published Lectures: 50

Number of Published Quizzes: 12

Number of Curriculum Items: 62

Number of Published Curriculum Objects: 62

Original Price: $129.99

Quality Status: approved

Status: Live

What You Will Learn

You will learn how to master common mortgage math calculations such as: LTV, CLTV, DTI, Income, etc.
You will learn how to solve common question types and how to solve them quickly and accurately
You will be able to confidently pass the math portion of the SAFE Mortgage Loan Originator Test
You will have a better understanding of mortgage math calculations
You'll discover new ways to figure out mortgage calculations that will save you time and unnecessary mistakes
You'll understand what abbreviated mortgage terms are so that you can communicate effectively with banks and lenders
You will have a better understanding of mortgage math calculations

Who Should Attend

Anyone who wants to overcome math obstacles that are in your way
Anyone who wants to become an instant success in the mortgage industry
Anyone who wants to clearly communicate the numbers behind mortgages to borrowers
Anyone who is considering taking the SAFE Mortgage Loan Originator Test and want to pass on their first try
New mortgage loan originators that want to speed up the learning process and be able to start originating loans right away
Experienced loan officers who want to polish their mortgage skills by upgrading their math knowledge
Anyone who wants to learn how calculate mortgage ratios and figures faster

Target Audiences

Anyone who wants to overcome math obstacles that are in your way
Anyone who wants to become an instant success in the mortgage industry
Anyone who wants to clearly communicate the numbers behind mortgages to borrowers
Anyone who is considering taking the SAFE Mortgage Loan Originator Test and want to pass on their first try
New mortgage loan originators that want to speed up the learning process and be able to start originating loans right away
Experienced loan officers who want to polish their mortgage skills by upgrading their math knowledge
Anyone who wants to learn how calculate mortgage ratios and figures faster

Do you have trouble with the math portion of mortgages or on the SAFE Mortgage Loan Origination licensing exam? How about learning through practical examples taught by an industry expert and past college math professor?

If you want to work as a loan processor or mortgage loan originator, you need to know how to calculate the LTV, DTI, cash to close, discount points, origination points, and many other math specific factors. This course on Mortgage Math will take you through 115 real life mortgage math problems where I will sit with you and go over each problem in detail so that you can follow along and do the problems with me. This way, you can become an expert on mortgage math before starting your new job or in your current position.

By the time you finish this course, you’ll be ready to take the math portion of the SAFE pre-licensing mortgage loan originator exam, if you’re thinking of becoming a mortgage loan originator. If you’re planning to start working as a mortgage loan processor or mortgage loan originator, you need to know how to calculate a borrower’s income, which is why I’ll also teach you to quickly calculate a borrower’s income no matter how they’re paid. If they’re paid on a bi-weekly, per hour, bi-monthly, weekly basis, or if they’re self-employed, you’ll discover what calculation you need to use. You will be able to download my “monthly income cheat sheet” to have on hand when you need it so that you can always calculate your borrowers income accurately.

This course includes:

115 mortgage math problems.
A course guide pdf to print and save.
Income calculation equations pdf to save on your computer.
Mortgage specific equations pdf to use while you follow the course.
12 practice quizzes to see how much you’ve learned

The main benefits of this course:

– Real life mortgage math problems and solutions

Loan processors and mortgage loan originators that are good at mortgage math close more than twice as many loans and are paid higher than other LP’s and MLO’s

– Complete examples on calculating W2 employees and self-employed borrowers (weekly, bi-weekly, bi-monthly, hourly, annual basis income examples)

– Pass the math portion of your SAFE Mortgage Loan Origination licensing exam

– Close loans faster and minimize math errors

– Calculate the loan-to-value and debt-to-income ratio with speed and accuracy

– Understand and determine loan discount points and loan origination points

– Learn to calculate the cash to close for a borrower so that they know how much they need to bring to the closing

Don’t waste your time learning only theory. Get started with these practical examples taught in a hands-on approach.

Once you complete this course, 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

TO DOWNLOAD THE COURSE PDF’S

Please go to lecture 6. You will be able to download them under resources.

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 MORTGAGE MATH: PROBLEMS AND SOLUTIONS

Lecture 1: How this course is structured

Lecture 2: Basic to advanced content

Lecture 3: Making mortgage math easy

Lecture 4: People vs math

Lecture 5: Do you need to be good at math to be successful in the mortgage industry?

Lecture 6: Why it's important to learn mortgage math

Lecture 7: Download these PDF documents to use during the course

Lecture 8: Calculating the loan-to-value

Lecture 9: Calculating the LTV Problems and Solutions #1-10

Lecture 10: Calculating the Combined Loan-to-Value (CLTV)

Lecture 11: Calculating the CLTV Problems and Solutions #11-20

Lecture 12: What is the total loan-to-value (TLTV)?

Lecture 13: Calculating the Debt-to-Income ratio (DTI)

Lecture 14: Calculating the DTI Problems and Solutions #21-30

Lecture 15: Requesting a Rebuttal

Lecture 16: CASE STUDY: Finding solutions

Lecture 17: Calculating the down payment

Lecture 18: Calculating Down Payment Requirements Problems and Solutions #31-40

Chapter 2: CALCULATING A BORROWERS MONTHLY PAYMENT

Lecture 1: Using a mortgage calculator to calculate the PI payment

Lecture 2: How to calculate Interest-only mortgage payments

Lecture 3: Variations of the interest-only equation

Lecture 4: Calculating Interest-Only Mortgage Payments Problems and Solutions #41-50

Lecture 5: How to calculate the PITI

Lecture 6: Calculating the PITIA

Lecture 7: Calculating the PITI Problems and Solutions #51-60

Lecture 8: What are bi-weekly payments?

Lecture 9: What does it mean to buy down loan points?

Lecture 10: Variations of the loan discount points equation

Lecture 11: Calculating Loan Discount Points: Problems #61-70

Lecture 12: How to calculate loan origination points

Lecture 13: Variations of the loan origination points equation

Lecture 14: Calculating Loan Origination Points: Problem #71-80

Chapter 3: CALCULATING A W2 EMPLOYEES AND SELF-EMPLOYED BORROWERS INCOME

Lecture 1: Monthly paid borrowers

Lecture 2: Weekly paid borrowers

Lecture 3: Borrowers paid bi-monthly income

Lecture 4: Bi-weekly paid borrowers

Lecture 5: Hourly wage earners income calculation

Lecture 6: Self employed borrowers income calculation

Lecture 7: Bonus and overtime income calculation

Lecture 8: Calculating a borrower's income: Problems #81 – 100

Chapter 4: CALCULATING THE MATH BEHIND PRE-QUALIFYING A BORROWER

Lecture 1: The math behind pre-qualifying borrowers

Lecture 2: Calculating the Pre-qualification Process for a borrower: Problems #101 -105

Chapter 5: CALCULATING THE MATH FOR A PURCHASE TRANSACTION

Lecture 1: The math behind purchase transactions

Lecture 2: The Math behind purchase transactions: Problems #106 – 110

Chapter 6: CALCULATING THE MATH BEHIND REFINANCE TRANSACTIONS

Lecture 1: The math behind refinance transactions

Lecture 2: The Math Behind Refinance Transactions: Problems #111 – 115

Lecture 3: Always double check your numbers

Lecture 4: 16,000 Loan processor job openings

Lecture 5: Loan officer: best jobs of the year

Lecture 6: Thank you!

Instructors

Joe Correa
Entrepreneur and Technology Innovator

Rating Distribution

1 stars: 0 votes
2 stars: 0 votes
3 stars: 19 votes
4 stars: 70 votes
5 stars: 244 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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