Description

Learn about the entire mortgage process from start to finish including income calculations, credit scoring, underwriting, and loan products. Mortgage Lending 101, 0004 is a Louisiana Real Estate Commission approved continuing education class worth 2 hours of credit upon completion. Learning Objectives: The real estate agent will understand each of the steps the mortgage application process and be able to guide clients on the process. The real estate agent will understand mortgage income requirements and how to do basic calculations. The real estate agent will understand how general credit scoring works and how it impacts mortgage guidelines. The real estate agent will understand basic title, insurance, and appraisal requirements and issues. The real estate agent will have a general understanding of the underwriting process including common findings. The real estate agent will understand the loan process from initial application to closing. The real estate agent will understand common available lending products to assist clients.