The Mortgage Master Program is content designed specifically
for successful career entry. It is an in-depth study of loan program guidelines,
the mortgage loan process and ethical and licensing standards for mortgage
originators. This course is a MUST for every new originator, and when
taken as a prerequisite to the 20 hour SAFE course, provides a solid base
of knowledge to enhance the understanding of the Federal material. The
program provides you with a working knowledge of:
mortgage industry and role of mortgage originator.
requirements for licensure as a mortgage originator.
components and calculations of a mortgage payment.
flow of a loan file from prequalification through post-closing.
and guidelines for borrower pre-qualification.
and underwriting guidelines for conventional loans.
and underwriting guidelines for FHA government loans.
and underwriting guidelines for VA guaranteed loans.
of other common loan programs.
lending laws as they pertain to mortgage financing.
and interpreting a tri-merge credit report.
calculations related to mortgage financing.
a Uniform Residential Loan Application.
file documentation requirements.
the needs of a specific borrower; recommending the appropriate loan
borrower closing costs; regulated disclosures.
appraisal reports; and
the Loan Estimate and Closing Disclosure.
The course is divided into 23 Modules, includes quizzes and a final exam and is approximately 40 hours of content.
purchase shall be deemed effective on the date that the user login is created and shall
continue for (60) days. A course extension can
be purchased for $109 for an additional (30) days.