Commissioned Mortgage Loan Originator and Processor Program (Three Courses in One) consists of Mortgage Loan Originator, Mortgage Loan Processor and Commissioned Mortgage Loan Originator Marketing courses. From doing these, you can launch your mortgage loan career. Covers RESPA and public policy disclosures, duties of the MLO and MLP positions, how to interpret credit reports, understanding the URLA 1003, types of mortgages and documentation, types of processing methods, packaging a file, steps in originating a mortgage loan, steps in processing a mortgage loan file, red flag issues and more red flag issues, steps for becoming a MLO and MLP, and five vital ways to launch your commissioned mortgage loan career, and stepping into the shoes of a MLO and MLP for a practical exercise.
Course Requirements
1. A desire to explore becoming a MLO or MLP.
2. A serious willingness to learn vital essentials of a MLO or MLP.
Course Goals
After completing this course, students will be able to:
Understand how mortgage loans are originated.
Know how mortgage loans are processed.
Have a plan to follow for launching their commissioned career in mortgage loans.
Assessment
Self-scoring quizzes
Final review assignments
Grading Policy
This is not a graded course. All lessons and assignments must be completed with a score of 70% or better to pass the course.
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