Video Training Courses

Video training courses that give you additional insight into mortgage rules and regulations.

Because getting a loan approved these days...IS rocket science!

Universal Training Compliance HUD/FHA VA — Veterans Administration USDA Fannie/Freddie
Course Title: How to Read Tax Returns & Close More Loans (2016 edition)
Course Length: 55 minutes

Here's what's covered in this class:

  • How to create a cash-flow analysis profile
  • What income you CAN include
  • What needs to be deducted from income
  • Review of every tax schedule that the IRS offers
  • Review of Partnerships, LLC & Corporate Tax Returns
  • Tips on how to connect with CPAs and Financial Planners
  • Downloads included with the class:
  • Class Downloads
    • Class Slides
    • Cash Flow Analysis Worksheet
    • Narrative Cash Flow Analysis Worksheet
    • 2016 Tax Forms with Notes
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Course Title: How to Read Tax Returns & Close More Loans (2015 edition)
Course Length: 55 minutes

Here's what's covered in this class:

  • How to create a cash-flow analysis profile
  • What income you CAN include
  • What needs to be deducted from income
  • Review of every tax schedule that the IRS offers
  • Review of Partnerships, LLC & Corporate Tax Returns
  • Tips on how to connect with CPAs and Financial Planners
  • Downloads included with the class:
  • Class Downloads
    • Class Slides
    • Tax Return Schedules with Comments
    • Cash Flow Analysis Worksheet & Narrative
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Course Title: USDA Updates 3555 Handbook - Effective 3-6-2016
Course Length: 25 minutes

Here's what's covered in this class:

  • 23 Updates to 3555 USDA Handbook
      a. Updated Credit Requirements
      b. Updated Cash reserves
      c. Income Calculations
      d. Chapter 7 & 13 Bankruptcy
      e. Repair escrows
  • Class Downloads
    • Class Slides for Notetaking
    • List of 21 Significant Revisions to USDA Handbook HB-1-3555
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Course Title: FHA Manual Underwriting - An Action Plan for Success
Course Length: 28 minutes

When FHA updated to the new 4000.1 version, they also updated their manual underwriting rules.

Here's what you will learn:

  • 11 Conditions Requiring Manual Downgrades
  • 5 Key Differences Between Manual UW and TOTAL thru AUS
  • How Compensating Factors for Manual UW Decisions
  • How to Figure Residual Income
  • Non-traditional Credit Documentation Needed
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Course Title: Top 25 Underwriting Policy Changes - FHA Handbook 4000.1 - Effective 9-14-2015
Course Length: 30 minutes

The new FHA Handbook 4000.1 will be going into effect with all case numbers ordered on or after Sept. 14, 2015.

What that really means is that if you have FHA pre-quals - they purchase a home after that date - they may no longer qualify because the new rules kick in.

Our FHA expert has spent over 75 hours going line-by-line and comparing the old rules to the new rules. She has reviewed the 171-page FAQ issues by FHA "explaining" what they already explained.

And, she has created a chart with 66 (yes, 66 of them) changes which will impact the way you originate, process and underwrite FHA loans going forward.

Here's what's covered in this class:

  • 25 Significant FHA Underwriting Rule Changes
  • New Manual Downgrade Rules
  • Rules that are "deal breakers"
  • Rules that are more liberal
  • Rules that had "no guidance" before
  • FHA 66 Rule Change Comparison Chart
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Course Title: Originating HUD Native American Loans
Course Length: 22 minutes

The HUD 184 Native American Mortgage Loan program has been around since 1996 but not many lenders participate in this niche lending segment. However, as more and more tribes enroll and more eligible States that have been recently added (and more Native American casinos being built every year), it's becoming easier to help Native Americans buy or refinance their homes. One, and it's one the best-kept secrets - especially if you'd like a unique way to increase your business and your income.

Here's what's covered in this class:

  • 38 Eligible States
  • How to find participating tribes
  • Documentation needed from tribal members
  • Tips on getting HUD 184 loans approved
  • How to become an approved lender
  • 9 Sales & Marketing Strategies
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Course Title: What You Need to Know about the Mortgage Credit Certificate Program
Course Length: 20 minutes

Here's what's covered in this class:

  • Who qualifies
  • How tax credit is used to qualify for higher sales price
  • How to check if your state/county/city is offering MCC
  • Downloads included with the class:
    • Class Slides
    • Sample MCC Commitment Letter
    • Sample Recapture Tax Form
    • Sample IRS Form (8396)
    • Sample Marketing Flyer
    • List of States offering MCC
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Course Title: RESPA Section 8 Kickback Rules Re-Visited 2014
Course Length: 45 minutes

Here's what's covered in this class:

  1. How the CFPB is investigating mortgage & real estate companies and builders
  2. Marketing Service Agreements - what's legal and what's not
  3. Co-marketing rules WITH real estate agents
  4. Controlled Business Arrangements
  5. Rules that "overlap" RESPA Section 8
  6. How to file a complaint
  7. Downloads included with the class:
    • Class Slides
    • Social Media Compliance Checklist
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Course Title: Social Media Monitoring Rules for Lenders
Course Length: 13 minutes

Here's what's covered in this class:

  1. What is considered social media
  2. Who the rules apply to
  3. Which consumer laws you must comply with
  4. Who should be part of the monitoring process
  5. How to monitor your reputation
  6. Downloads included with class:
    • Class Slides
    • Social Media Compliance Checklist
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Course Title: What You Need to know About Company Policy & Procedures
Course Length: 30 minutes

Here's what's covered in this class:

  1. The list of policy & procedures manuals that everyone needs access to
  2. A short description of what content is required in each manual
  3. Why it's critical that everyone know your quality control policy
  4. Where to find "done for you" policy manuals
  5. Class Downloads
    • Class Slides
    • Are Your Loans in Compliance Checklist
    • Social Media Compliance Checklist
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Course Title: Construction-to-Perm Lending Rules: Comparing Fannie to Freddie
Course Length: 17 minutes

New home building is alive and well. If it's not yet taking off in your area - hang in there - because it will.

  • If this is a niche you've been looking at to add to your pillar of business - this class is for you
  • If you have had the opportunity to pay off a construction loan and do the permanent loan - this class is for you too!
  • If you are looking for a way to get more business from builders - you may also want to view this class.

Here's what's covered in this online class:

  • How Construction-to-Perm loans work
  • How a Builder/Buyer can benefit
  • Fannie's two-time closing rules
  • Freddie's two-time closing rules
  • Class Downloads
    • Class Slides
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Course Title: Mortgage Acts & Practices Rules Explained
Course Length: 15 minutes

Here's what's covered in this class:

  • List of "commercial communication" methods
  • Prohibited marketing & advertising practices
  • Record-keeping rules
  • Who the rules apply to (lead-generation & advertising agencies are included)
  • Other little-known miscellaneous rules
  • Class Downloads
    • Class Slides
    • List of 19 "Prohibited Practices"
    • List of 39 "Commercial Communication" Definitions
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Course Title: Common Mistakes to Look for When Reviewing Your Client's Credit Report
Course Length: 45 minutes
  • How to spot mistakes on credit reports
  • How a credit score is calculated
  • Why "Reason Codes" are important
  • How to dispute inaccurate information
  • Examples of erroneous credit reports
  • Class Downloads
    • How to Settle Collections & Request They be Deleted (Report)
    • Class Slides
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Course Title: VA Sales Concessions - Deal Saving Secrets
Course Length: 10 minutes

Here's what's covered in this class:

  • How the 4% sales concession is calculated
  • How to "exceed" four percent
  • The 4% sales concession does NOT include closing costs
  • Sales concession "examples"
  • Class Downloads
    • Mortgage Talking Points™ flyer, VA Borrower & Seller Fee and Expense Matrix
      • For your real estate agents and VA buyers
      • A long list of common loan fees and expenses and who is allowed to pay for each.
    • Class Slides
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Course Title: How Single Premium MI Can Help You Close More Loans
Course Length: 22 minutes

Here's what's covered in this class:

  • Top 7 Reg "Z" Truth-in-Lending mistakes that most loan officers make
  • Types of properties and loans that are covered
  • Types of advertising where you must disclose loan terms
  • Example of mortgage ads - the good, bad and the ugly
  • Class Downloads
    • Know Your PMI Options (Chart)
    • Class Slides
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Course Title: Reg 'Z' Truth-in-Lending Advertising Rules
Course Length: 17 minutes
  • Top 7 Reg "Z" Truth-in-Lending mistakes that most loan officers make
  • Types of properties and loans that are covered
  • Types of advertising where you must disclose loan terms
  • Example of mortgage ads - the good, bad and the ugly
  • Class Downloads
    • Reg "Z" Truth-in-Lending Advertising Rules for LOs, Real Estate Agents & Builders
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Course Title: Creating a Niche with Energy Efficient Mortgages
Course Length: 24 minutes
  • Who qualifies
  • Energy Efficient Financing Formula
  • What EEM improvements and upgrades qualify
  • How to use EEM on foreclosed homes
  • How the Home Energy Rating System works
  • FHA Weatherization Program
  • VAs EEM Program
  • Class Downloads
    • Energy Efficient Mortgage List of Upgrades
    • 12 Steps: Energy Efficient Mortgage Process
    • Energy Efficient Resource Guide
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Course Title: How a Non-US Citizen Can Get a Mortgage Loan
Course Length: 8 minutes

Here's what's covered in this class:

  • Types of acceptable VISAs
  • Difference between Conventional & FHA
  • Links to Government Websites
  • Non-Citizen VISA Chart download
  • Mortgage Talking Points™ flyer - How to Get a Mortgage Loan for Non-Citizen Borrowers
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