|
WELCOME
If this is your first time here, you'll need to take a minute to create a new account. To create a new account you can use either of the following methods:
- Self-register by clicking on the course you want to take from the list of available courses listed below, or
- Have us register you manually by calling our Registration Desk's Toll Free Number at (800) 596-0053.
After creating a new account, you will be e-mailed your enrollment key and any supplemental text books will be sent to you by mail. Therefore, please enter your e-mail address and complete mailing address when registering. You can begin taking a course as soon as you enter your enrollment key.
If you have any questions or technical issues, you can e-mail our technical support department at bwatson@lendermax.com or call our Help Desk at (800) 596-0053. Course Hours - 40
Prerequisites - None Description: This course satisfies the initial education requirements of the Georgia Department of Banking and Finance Rules and Regulations §80-11-4.01(5) in lieu of the experience requirements of §80-11-4.01(4). This course gives you a basic understanding of technical mortgage terms, elements of the mortgage brokering process, federal law, applications and required documentation, and includes four (4) course hours on Georgia law, rules and regulations and one (1) course hour on mortgage fraud detection and prevention. The important topic of ethics is also covered in a one (1) course hour lesson. Course Hours - 1
Prerequisites - None
Course Description: This course covers the many disciplines, including real estate, finance, appraisal, and others that a mortgage professional needs to understand to be effective. It provides an overview of the mortgage lending industry, beginning with a brief history of mortgage lending in the United States. Federal legislation transformed a period of uncertainty into the mortgage industry we have today. The role of the primary mortgage market and how it is sustained and renewed by the secondary mortgage market is reviewed. Also examined is the role the mortgage professional plays in the industry and how that is complemented - and challenged - by automation. Course Hours - 1
Prerequisites - None
Course Description: To be an effective mortgage professional, it is important to have some understanding of how the real estate industry functions as a whole. Economic factors cover a broad range of influences in the real estate market. The first half of this course introduces you to business and real estate cycles, including some of the broad forces that influence those cycles. The last half of this course provides an in-depth analysis of government fiscal and monetary policy, and how this impacts interest rates. Course Hours - 1
Prerequisites - CE102
Course Description: Mortgage professionals must possess a broad base of knowledge. Since mortgage loans depend on the value of the real estate as the underlying collateral for the loan, a basic understanding of value and how it applies to real estate is useful. There are seven characteristics of real estate: four value characteristics and three physical characteristics. All of these are important to real estate value. We will also look at factors that affect value in the marketplace, including broad market factors and property-specific factors, before defining market value and looking at the concepts of assemblage, plottage, and subdividing as a means of increasing land value. Course Hours - 1
Prerequisites - None
Course Description: This course provides a general understanding of basic civil law and other legal concepts important to the mortgage industry. These concepts detail legal relationships between the parties, and also affect property value. This course further explains the distinction between real property and personal property, with an in depth discussion of the rights of ownership that go with real property. These rules are important to everyone involved in the sale of real estate because they determine exactly what is being sold - and what is being mortgaged. We will also discuss public and private restrictions on property, and how those and other interferences with property rights may affect value. Credit Hours - 2
Prerequisites - CE104 Description: Now that you have an understanding of real estate law and contracts, let's look at one of the most important real estate documents - deeds. Deeds are evidence of title in the transference of real property. This discussion looks at requirements for a valid deed, different kinds of deeds, and the process of recording a deed. Also covered are the different ways that ownership in real property can be held and other interest in real estate. Besides the possessory interest that a person can have via ownership, there are also non-possessory interests, such as encumbrances (e.g., easements) or liens (e.g., mortgages and security deeds). Course Hours - 2
Prerequisites - None Description: Whether you work for a bank, mortgage company, or other type of primary lender, or for an agency that is active in the secondary market, you must know some of the various forms, reports, and other documents you will encounter in your work. The "Instruments" discussed in this chapter are written documents. Written agreements are an integral part of most real estate financing transactions. This course looks at promissory notes, security deeds, trust deeds, mortgages, types and features of mortgages, and land contracts. We will also look at typical clauses found in each. Course Hours - 3
Prerequisites - None Description: There are several laws, both federal and state that regulate various aspects of the real estate financing process. These include laws prohibiting discrimination and laws requiring certain financial disclosures in real estate transactions. As a mortgage professional, you are expected to comply with these laws. In this course, significant legislation discussed includes important Civil Rights Acts, the Equal Credit Opportunity Act, Truth-in-Lending Act, Fair Credit Reporting Act, and the Real Estate Settlement Procedures Act. Course Hours - 2
Prerequisites - None Description: Most real estate financing is accomplished with either conventional financing or government financing. There are also alternative financing tools that expand the usefulness of these. In this course, the different types of conventional loans (15 year, 30 year, conforming, nonconforming) are discussed, as well as how private mortgage insurance and secondary financing have made conventional loans easier to obtain. Government financing and alternative financing tools are covered in the following two courses. Course Hours - 2
Prerequisites - None Description: In addition to creating and monitoring the secondary market, influencing interests, and passing legislation, there are other more direct ways that the federal government is involved in real estate finance. This course looks at government-sponsored programs that assist buyers with the purchase of a home. The two main programs are loans insured by the Federal Housing Administration (FHA) and loans guaranteed by the Veterans Administration (part of the Department of Veterans Affairs, commonly referred as VA). There's also Rural Economic Community Development (RECD) for rural areas. You may also want to investigate any loan assistance programs available in your state and local community. Course Hours - 1
Prerequisites - None Description: Alternative financing tools are useful for the real estate buyers when interest rates are high or when they have trouble qualifying for a loan. Financing tools can also help buyers achieve other goals, such as getting a lower interest rate, buying a bigger house, or paying off a loan sooner. The most popular financing tools are buydowns (or discounts) and adjustable rate mortgages (ARMs). Also available are sub-prime loans, no document loans, structured mortgages, and homebuyer assistance programs. Following these is a discussion of seller financing using purchase money mortgages and loan contracts, and how they relate to existing mortgages and assumptions. Finally, other forms of creative financing, including lease/options, lease/purchases, equity exchanges, and participation plans are presented. Credit Hours - 2
Prerequisites - None Description: This course familiarizes students with the loan process and discusses the important differences between pre-qualification and pre-approval. Qualifying buyers for Conventional, FHA, and VA loans is also discussed as well as standards relating to income, credit history and net worth. Students also benefit from reviewing housing expense ratios and total the debt service ratios allowed by Fannie Mae, Freddie Mac, the FHA and the VA. Credit Hours - 2
Prerequisites - None Description: As a mortgage professional, it is important to understand how to read and use appraisals. Appraisal reports document an opinion of market value for a property based on objective data. The Uniform Residential Appraisal Report (URAR) is the primary appraisal form used by lenders for residential property. The sales comparison approach to value is an important process for determining an opinion of market value. This course defines the concept and key terms, then reviews the procedure. After a brief discussion of selecting comparable sales, the course focuses on the rules and procedures for making adjustments to them. Next addressed is researching the sale and transfer history of properties, as required on the URAR. Finally, some points are made about the reconciliation process and developing a final opinion of value. Credit Hours - 1
Prerequisites - None Description: A mortgage professional has many decisions to make. This course reviews career options, including what to look for in a prospective employer. The State of Georgia's prohibition against independent contractor status is covered in course 125. The last part of the course focuses on ethical and legal considerations. Ethics and fair housing are two of the most important issues you will face in your mortgage career. Legal and ethical issues have been addressed where appropriate thus far, but some important points are reviewed here. To avoid potential liability, mortgage professions need to know what conduct violates anti-discrimination laws. They must also know what constitutes fraud to prevent engaging in any illegal mortgage activity. Finally, we look at required disclosures, fairness issues, and documentation procedures. Credit Hours - 2
Prerequisites - None Description: Now that we have covered the laws, rules and regulations that govern the mortgage lending industry, this course will cover the disclosures that are required by federal regulations and which the borrower must sign during the application and closing process. It is important that the loan officer is knowledgeable of all of the disclosures the borrower is required to sign and that the loan officer is able to explain these disclosures to the borrower. The state of Georgia specific mortgage loan disclosures are also covered in this lesson. Credit Hours - 1
Prerequisites - None
Description: Whether you're a loan officer, processor, or work in any other area of the mortgage industry that requires you to interpret credit reports, navigating complicated tradelines can be overwhelming. This course is designed to provide useful insight, practical advice, and answers to common questions.  Credit Hours - 2
Prerequisites - None Description: This underwriting course was designed to present an overview of the underwriting process and the underwriter's responsibilities in this process. The role of an underwriter has always been to decide whether making a particular loan is a prudent investment. Over the last two decades, this role has changed and expanded as the mortgage lending industry has changed. What was perhaps a "rubber stamp" job in the subprime market of the recent past is now one of the most highly regarded positions in a mortgage lending firm. Students will study basic components of the underwriting process and the role of the underwriter in this process; key components in evaluating applicants for a residential mortgage; credit and debt, funds to close, and income analysis and documentation; basics of property appraisals; and the alternatives available when an unfavorable underwriting decision has been reached. In today's market the borrower will now have to qualify to receive a mortgage loan. Credit Hours - 2
Prerequisites - None Description: In previous courses, we covered the history and theory behind FHA loans. In this course, we will cover the practical aspects of structuring and processing FHA loans and the benefits that make FHA loans the one of the most popular alternatives to conventional loans available in today's marketplace. Credit Hours - 3
Prerequisites - CE117 Description: In previous courses we covered the history and theory of the FHA mortgage program. In this in-depth course we will put that basic understanding and theory to practical application. Using case studies we will work through typical challenges you will face when you are working with FHA borrowers. Credit Hours - 2
Prerequisites - None Description: In previous courses you learned the history and theory of VA guaranteed loans. In this course you will learn how to put that theory to practical use. The VA home loan program benefits a specific population group comprising veterans, active military and members of the armed forces reserves. VA loans are in great demand again due to our veterans returning from the Middle East. Now is the time to refresh your understanding of the benefits to the borrower of this important loan program. Credit Hours - 1
Prerequisites - None Description: The foreclosure rate in the U.S. is the highest it has ever been and rising. There are many reasons for this trend, including the increase in mortgage fraud. Each year millions of dollars are lost to mortgage fraud and, despite efforts made by the FBI and local law enforcement, the outlook is not good. As thieves become savvier, the scams they concoct become more elaborate and more difficult to catch. This course gives you the information you'll need to protect yourself and your customers and to be one step ahead of your competition. You'll find key indicators of fraud and strategies for avoiding common scams. Also, included are real-life examples of mortgage fraud, from which you will see just how easy it is to get caught up in mortgage fraud scams and the serious consequences of doing so. Credit Hours - 4
Prerequisites - None Description: This course satisfies the initial education requirements of the Georgia Department of Banking and Finance Rules and Regulations §80-11-4.01(5) in lieu of the experience requirements of §80-11-4.01(4). This course gives you a basic understanding of technical mortgage terms, elements of the mortgage brokering process, federal law, applications and required documentation, and includes four (4) course hours on Georgia law, rules and regulations and one (1) course hour on mortgage fraud detection and prevention. The important topic of ethics is also covered in a one (1) course hour lesson.
| |
