Online Mortgage Training School

COURSE DESCRIPTION:

Because the Reverse Mortgage industry is highly regulated by the FHA, comprehensive and accurate training is required to become an effective Reverse mortgage professional. Our course will teach you all the necessary steps needed to complete FHA Reverse Mortgages. You will learn about each page in the application, how to explain them to your client and how to correctly fill them out. Learn who signs what and where they have to sign. Learn about disclosures that you need to protect yourself.

The Section 203(k) program is the Department's primary program for the rehabilitation and repair of single family properties. As such, it is an important tool for community and neighborhood revitalization and for expanding homeownership opportunities. Since these are the primary goals of HUD, the Department believes that Section 203(k) is an important program. Learn everything from A to Z, so you can start offering the FHA 203(k) Program and double your income!

Need Help? Call us today toll-free at 1-800-665-0249.

COURSE OUTLINE:

• Introduction to Reverse Mortgages
• Loan Characteristics
• Borrower Eligibility
• Property Eligibility
• Loan Limits
• Payment Plans
• Interest Rates
• Closing Costs
• Counseling
• Needed Documents From Borrowers
• All Application and Closing Docs
• NRMLA Code of Ethics
• Basic Processing
• Helpful Handouts for Borrowers
• OPEN FORUM Q&A - Ask The Expert

COURSE FORMAT:

• 6-Hour Live, Instructor-Led Webinar
• All Course Material Included
• Certificate of Completion Upon Course Completion
• FREE Unlimited Training for 1 Year
• Self-Study Recorded Version Also Included
• Job Placement Resources (Upon Request)

WHO SHOULD ATTEND:

Our FHA Reverse Mortgage training class is ideal for mortgage brokers, loan originators, mortgage processors, underwriters, compliance officers, closers and post-closers looking offer the FHA FHA Reverse mortgage program to borrowers.

HOW IT WORKS:

1. You need a Computer, Internet Connection (DSL speed or higher), and Computer Speakers.
2. Each day of class you will be emailed an invite with your log-in/password. From here, you can click the link, enter your password, and download/print that day's course materials. Finally, you'll be able to log into the class up to 1/2 hour before the class start time.
3. Once the class starts, you will hear the instructor speak through your computer speakers. You will also have the ability to ask questions through the online chat feature located on the right-hand side of our online training platform. We encourage you to ask LOTS OF QUESTIONS!


ABOUT THE INSTRUCTOR:

As an active FHA Direct Endorsement Underwriter, Bonnie has 25+ years of Government underwriting experience working for several major FHA lending institutions. Bonnie also writes a weekly FHA Underwriting Blog for the National Association of Mortgage Processors® (NAMP®). During class Bonnie works with you directly to review and respond to all your questions. After your class finished, feel free to email Bonnie directly with any further questions you may have.

SYSTEM REQUIREMENTS:

You will need the following: 1) a Computer, 2) Internet (DSL or higher) and 3) Computer Speakers. Please check beforehand to make sure these items are working properly. Note: dial-up internet connection will not work and wireless internet must have a full signal.

GRADUATION:

Upon successful course completion, you will be emailed your certificate of completion.

STUDENT TESTIMONIAL:

"Your FHA Reverse Mortgage class was great! I have now doubled my monthly income by offering a new FHA loan program to my existing borrowers" - Jay Owens, Mortgage Broker, Brooklyn, NY

OUR CLIENTS:

Our students come from such mortgage lending institutions as Bank of America, SunTrust, Wachovia, Wells Fargo, Fifth Third Bank, Eagle Nationwide Mortgage, Credit Unions and many more!

Need Help? Call Us Today Toll-Free at 1-800-665-0249.