Master the New 1003 as a Mortgage Loan Processor, MLO, & UW
Master the New 1003 as a Mortgage Loan Processor, MLO, & UW, available at $54.99, has an average rating of 4.45, with 28 lectures, based on 48 reviews, and has 2188 subscribers.
You will learn about Correctly complete an entire NEW 1003 with all the added sections and subsections Comprehend key sections that determine if loans are approved or not Become an expert on the NEW 1003 so you can assist borrowers and other co-workers Land a job with a top lender thanks to your increased knowledge Prevent fraud (Save you from losing your license) Learn where to enter income and assets on the NEW 1003 Discover where the new demograpgics information needs to be entered Learn what changes have been made to the NEW 1003 so you can confidently help borrowers and others This course is ideal for individuals who are Loan originators who want to master the NEW 1003 or Uniform Residential Loan Application or Mortgage loan processors who want to become experts on the new 1003 and all its sections and subsections or Mortgage underwriters who want to find and quickly assess borrower information or Anyone who is interested in masterin the NEW 1003 to get more loans approved and increase their income or Anyone who wants increase their mortgage skills and increase their income in the process It is particularly useful for Loan originators who want to master the NEW 1003 or Uniform Residential Loan Application or Mortgage loan processors who want to become experts on the new 1003 and all its sections and subsections or Mortgage underwriters who want to find and quickly assess borrower information or Anyone who is interested in masterin the NEW 1003 to get more loans approved and increase their income or Anyone who wants increase their mortgage skills and increase their income in the process.
Enroll now: Master the New 1003 as a Mortgage Loan Processor, MLO, & UW
Summary
Title: Master the New 1003 as a Mortgage Loan Processor, MLO, & UW
Price: $54.99
Average Rating: 4.45
Number of Lectures: 28
Number of Published Lectures: 28
Number of Curriculum Items: 31
Number of Published Curriculum Objects: 31
Original Price: $129.99
Quality Status: approved
Status: Live
What You Will Learn
- Correctly complete an entire NEW 1003 with all the added sections and subsections
- Comprehend key sections that determine if loans are approved or not
- Become an expert on the NEW 1003 so you can assist borrowers and other co-workers
- Land a job with a top lender thanks to your increased knowledge
- Prevent fraud (Save you from losing your license)
- Learn where to enter income and assets on the NEW 1003
- Discover where the new demograpgics information needs to be entered
- Learn what changes have been made to the NEW 1003 so you can confidently help borrowers and others
Who Should Attend
- Loan originators who want to master the NEW 1003 or Uniform Residential Loan Application
- Mortgage loan processors who want to become experts on the new 1003 and all its sections and subsections
- Mortgage underwriters who want to find and quickly assess borrower information
- Anyone who is interested in masterin the NEW 1003 to get more loans approved and increase their income
- Anyone who wants increase their mortgage skills and increase their income in the process
Target Audiences
- Loan originators who want to master the NEW 1003 or Uniform Residential Loan Application
- Mortgage loan processors who want to become experts on the new 1003 and all its sections and subsections
- Mortgage underwriters who want to find and quickly assess borrower information
- Anyone who is interested in masterin the NEW 1003 to get more loans approved and increase their income
- Anyone who wants increase their mortgage skills and increase their income in the process
Did you know the new residential loan application or NEW 1003 is now required for all borrowers to be completed? Are you a loan originator, loan officer, loan processor, or underwriter or planning to become one and haven’t gone over this document yet?
The old 1003 is out and the new 1003 is in and has new sections and is now 9 pages long. This document can make or break borrowers which is why you need to master this document if you want to close more loans. Besides that, you need to prevent fraud by knowing if information entered is accurate and truthful by noticing errors or information that doesn’t make sense or doesn’t match which will be covered in this course. Hi, my name is Joe Correa, and I’m the CEO and founder of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. I’ve closed hundreds to mortgage loans and have taught over 30,000 thousand students in 148 countries around the world.
Knowing how to read, understand, and complete this document will increase your income and prevent you from losing your license.When you complete the new 1003 correctly or properly, you can increase the amount of loans closed which will increase you total commissions, bonuses, and overall loan production. Imagine closing just 1 more loanper year by having this new knowledge. This would equate to $4,000 – $15,000 as a loan originator, loan processor, or underwriter. (Loan originators are paid on a commission or compensation basis, loan processors are paid a salary or per loan closed fee but can recieve bonuses based on loan production, and underwriters are paid a salary plus bonuses based on loans closed so all will benefit by mastering the new 1003.)
Can you use an extra $4,000 – $15,000 per year?
This course will teach you how to interpret the new 1003 and all its sections and subsections, you will also learn what things a borrower should never do after being approved for a loan. Besides that you are going to learn what new information is required on the updated 1003 so that you know what needs to be double checked and go over this document.
THIS COURSE INCLUDES:
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3 completeinstructor-led examples
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3 course assignmentsto put into practice what you’re learning
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5 course pdf documentswith samples for you to complete and follow along with this course
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24 hour access to your premium instructor via Udemy Q&A messaging
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lifetime access to the course
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exercisesto help you implement what your learning
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Course certificate upon 100% course completion
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30 day money back guarantee
THIS COURSE WILL TEACH YOU TO:
-
Correctly complete an entire NEW 1003 with all the added sections and subsections
-
Comprehend key sections that determine if loans are approved or not
-
Become an expert on the NEW 1003 so you can assist borrowers and other co-workers
-
Land a job with a top lender thanks to your increased knowledge
-
Increase your income by closing more loans
-
Prevent fraud and save you from losing your license
If you want to be a success in the mortgage industry, you need to take this course and learn how to master the new 1003 as a mortgage loan originator, mortgage loan processor, or mortgage underwriter.
Click on the enroll button right now to get started.
I’ll see you inside the course!
Course Curriculum
Chapter 1: Introduction to the course
Lecture 1: Course introduction
Lecture 2: Your instructor
Lecture 3: What is the 1003?
Lecture 4: Who should take this course?
Lecture 5: Why you should master the new 1003
Chapter 2: The 1003 or uniform residential loan application overview and differences
Lecture 1: What's the difference between the old 1003 and the new 1003?
Lecture 2: The new 1003 section 1: borrower personal information, income, and employment
Lecture 3: The new 1003 section 1c, 1d, 1e: additional borrower income, and employment
Lecture 4: The new 1003 section 2: financial Information on assets and liabilities
Lecture 5: The new 1003 section 3: financial Information on real estate
Lecture 6: The new 1003 section 4: loan and property information
Lecture 7: The new 1003 section 5: declarations
Lecture 8: The new 1003 section 6: acknowledgements and agreements
Lecture 9: The new 1003 section 7 and 8: military service & demographic information
Lecture 10: The new 1003 section 9: loan origination information
Chapter 3: URLA 1003 complete examples for both purchases and refinance transactions
Lecture 1: URLA 1003 conventional purchase example part 1
Lecture 2: URLA 1003 conventional purchase example part 2
Lecture 3: URLA 1003 conventional refi cash out example part 1
Lecture 4: URLA 1003 conventional refi cash out example part 2
Lecture 5: URLA 1003 VA cash out example
Lecture 6: URLA 1003 VA Cash out sections 5 through 9 example
Chapter 4: Lender loan information and important things to consider
Lecture 1: URLA lender loan information on a conventional purchase
Lecture 2: Lender loan information on a VA cash out loan
Lecture 3: Reviewing the 1003 for errors and mistakes
Lecture 4: What things should you teach your borrower not to do once they are approved
Lecture 5: Change the design of your 1003
Chapter 5: Course recap and thank you
Lecture 1: Final words
Lecture 2: Thank you
Instructors
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Joe Correa
Entrepreneur and Technology Innovator
Rating Distribution
- 1 stars: 0 votes
- 2 stars: 0 votes
- 3 stars: 5 votes
- 4 stars: 11 votes
- 5 stars: 32 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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