This is not a loan officer mill. Students will be taught how to properly originate loans, evaluate collateral, and make credit decisions. Emphasis is placed on state and federal laws and ethics.

Get step by step training from the “Dean” of mortgage lending, Mitchel Medigovich.

You will learn the evolution and revolution of mortgage lending. Classes will include hands on case studies of interest rate markets, mortgage markets, and housing markets. You will learn how to qualify a borrower in 10 minutes or less with the latest technology and how to evaluate the best loan products for a borrower. Studies will be made of main stream lenders and niche lenders. Lending laws will be studied. You will learn the methods of property valuation, risk assessment, and how to close loans.

Prerequisite: None

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This course fulfills the Arizona State Banking Department educational requirements for obtaining a Mortgage Broker License, in addition helping you prepare for the required Mortgage Broker Licensing Exam. It includes a session on how to prepare for an examination of your business and records from the Arizona State Banking Department.

You will be taught the statutes and rules that you must know to obtain a Mortgage Broker License in Arizona and to legally operate a Mortgage Brokerage Company. Learn about state required disclosures, how to maintain trust accounts, record retention requirements, and what steps you must take prior to hiring any employees.

Prerequisite: As per state regulations, you must have at least 36 months experience as a loan originator or similar position. You should be competent with vocabulary and mathematics of the mortgage industry. An exam will be given at the end of the course.

AZDRE#C5752

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Individual Training Courses

This series of courses is designed to help mortgage professionals expand their expertise and product base.

Preparing for an Examination by the State Banking Department - 3 Hours $199.00

Attention all new Mortgage Broker Licensees: you will be examined by the State Banking Department within 12 months of obtaining your license. BE PREPARED!

Learn what you need for your first examination. Find out what activities are prohibited, as well as what you need to have in your employee files and loan files. This class will give you step by step instruction on how to prepare your corporate records, trust account, and the required ledgers you must keep.

Many mortgage brokers and managers have taken this course and have saved thousands of dollars in fines and have avoided hundreds of violations and tens of thousands of dollars in civil money penatiies.

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Commercial Lending - 3 Hours $199.00

Learn how to qualify a commercial loan. You will learn how to calculate NOI, Debt Service Ratios, and methods used for valuation of commercial property. You will also learn where to find commercial investors, how to create employment agreements to protect your commission, and what types of loans are most and least profitable.

Prerequisite: Experience in the mortgage industry is recommended, but not required.
NOTE: This class qualifies for credit toward your Mortgage Broker License
AZDRE#C5755

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Construction Lending - 3 Hours $99.00

Learn how to document your loan file for a construction lender. Find out how you can increase your income with construction loans. You will learn the steps to evaluate a construction loan and how to qualify the borrower.

Prerequisite: None
NOTE: This class qualifies for credit toward your Mortgage Broker License
AZDRE#C5754

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RESPA - 3 Hours $49.00

Get up to date on the latest issues with RESPA and Regulation X. You will learn what fees you can legally charge and what fees you cannot under federal and state law. Case studies will be used to give you "hands on" application of the law.

Prerequisite: None
NOTE: This class qualifies for credit toward your Mortgage Broker License
AZDRE#C5765

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Truth In Lending - 3 Hours $49.00

Learn the latest changes in Truth In Lending. You will learn how to calculate the Annual Percentage Rate and how to explain it to your borrowers.

Prerequisite: None
NOTE: This class qualifies for credit toward your Mortgage Broker License
AZDRE#C5764

Secrets of a Successful Marketer - 3 Hours $99.00

Learn how to create and promote a powerful marketing strategy and how to effectively market yourself, your products and your business. Learn to identify cycles of the market and understand the power of niche marketing.

Prerequisite: None

Private Money Lending - 3 Hours $10.00

Learn when to use private money loan programs. How to evaluate and earn more fees with a private money loan.

Prerequisite: None

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Loan Processing in the New Millennium

The three day course is $275.00, or you may register for a single day for $100.00.

This is a comprehensive three day program. The only hands on Loan Processing Class in the area! See the below for full details.

Day 1: Ten Days in the Life of a Loan

This is an entry level class for the beginning loan processor. Topics include:

• Mortgage Terms and Technology
• Processor Responsibilities
• Fundamentals of Loan Setup
• Purchase
• Refinances
• Credit Review
• Processing Techniques
• Introduction to Common Mortgage Software Programs: Geneisis and Point

Day 2: FNMA/FLMC Guidelines

This is an intermediate level class for beginning to intermediate loan processors. Topics include:

• Reviewing Alternative Documentattion
• Utilizing Loan Prospector and Desktop Underwriter
• File Review and Loan Submission
• Underwriting and Loan Approval
• Requesting Loan Documents
• Computer Lab – Loan Prospector

Day 3: FHA/VA Financing

This is an intermediate level class for beginning to intermediate loan processors. Topics include:

• Aspects of FHA Loan Programs
• Ordering Case Assignments, CAIVRS, & LDP
• Completing the FHA MCAW
• FHA Streamline Finances
• Aspects of VA Loan Programs
• Completing the VA Loan Analysis
• VA Interest Rate Reduction Loans
• Downpayment Assistant Programs
• Computer Lab- FHA Connection, Case Assignment, etc.

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