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Description of
Navigating Mortgage Program Options
Published 11/2023 MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz Language: English | Size: 253.31 MB | Duration: 0h 44m Considering all the options to find the borrower's best fit What you'll learn Learn the characteristics of the loan that affect the program options. Gain a general understanding of the programs available. Understand the importance of checking guidelines with the source since they change periodically and without warning. Connect the characteristics of your borrower to the guidelines to which option best fits and to give the borrower options for rate, down payment, and monthly pa See how pricing engines can check your work. Requirements No specific prerequisites or prior skills are required to enroll in this course. It has been meticulously designed to cater to new Mortgage Loan Originators, Processors, and their assistants, providing them with a foundational understanding of the mortgage process. While no prior experience is mandatory, familiarity with the mortgage process is recommended. This course is particularly beneficial for individuals new to the mortgage industry or those aspiring to enter it. Description Overview Section 1: Introduction Lecture 1 Characteristics of a Mortgage Loan Section 2: Conventional Program Lecture 2 Conventional Program Section 3: FHA Program Lecture 3 FHA Program Section 4: USDA Program Lecture 4 USDA Program Section 5: VA Program Lecture 5 VA Program Section 6: Non QM Lecture 6 Jumbo & Non QM Programs Section 7: Conclusion Lecture 7 Concluding Thoughts This course is primarily tailored for professionals in the MORTGAGE and REAL ESTATE sectors who are keen on refining their mortgage application process. It caters to individuals who seek to enhance their proficiency in working with borrowers once the application process has commenced.