Loan Officers Course

Build a career in real estate

Description

Starting a career as a loan officer is a smart and profitable decision that can have a significant impact on your financial future. The demand for mortgage loan officers is high and gives many job opportunities. It is a challenging and dynamic career in an ever-changing real estate market, and you will have¬† a chance to impact people’s lives!

The LBC Academy course is designed to provide you with all the necessary skills to become a successful mortgage loan officer. You will learn the ins and outs of the loan process, including how to prepare a loan package, submit a file to underwriting, and get an “approved” status.¬†You will also learn about the different types of mortgage programs, and get top technology tools widely used in the industry, so you can easily adapt to changing market conditions.

Who is this course for:

– Anyone who is looking to start a career in the mortgage industry

– Career changers seeking a stable and high-earning potential career

– Professionals looking to obtain practical experience, improve their knowledge of the housing market and finance, and upgrade their skills

Advantages

  • Relevant content

    The course will provide the most current and relevant information regarding loan officer career processes. You will get a deep understanding of a wide range of topics, from the basics of loan origination to the most current industry practices and regulations.

  • Career opportunities

    The course is the first step to a profitable career in the mortgage industry. With the knowledge and skills you'll gain, you will be well-prepared to succeed as a loan officer and secure a stable career with a high earning potential.

  • Expert instructors

    The LBC Academy instructors are professionals with years of experience and deep knowledge in real estate. They will provide valuable insights and practical advice for your fast career growth.

  • Flexible schedule

    The loan officer course offers flexibility to learn at your own pace and schedule, whether you're a full-time working professional, a student, or a stay-at-home parent.

Course content

80 lectures - 4 hours 8 minutes

Module 1 - Basics

11 lectures - 42 minutes
  • Intro

    2:41
  • Benefits of taking this course

    0:48
  • What mortgage broker does

    1:35
  • What is the difference between big lender and mortgage broker (2:31)

    2:31
  • What loan officer does

    4:01
  • How to get licensed

    2:29
  • How mortgage industry works

    4:31
  • Mortgage Vocabulary

    13:39
  • What software we use

    2:53
  • How brokers are paid

    1:49
  • Types of loans are available

    7:17
  • Quiz

Module 2 - The loan process

6 lectures - 29 minutes
  • Why people use mortgage loans

    3:17
  • How the loan process works

    5:42
  • Importance of pre-approval

    3:51
  • What type of property you can finance

    7:02
  • How to work with incorrect documents

    5:32
  • Mortgage compliance

    4:15
  • Quiz

Module 3 - Pre-approval

9 lectures - 24 minutes
  • What type of documents we need to start pre-approval process

    2:44
  • Preapproving the client

    1:03
  • What is LTV and how to calculate it

    0:20
  • What is mortgage insurance and how is it calculated

    1:01
  • What are loan disclosures

    0:22
  • What is a loan estimate

    0:48
  • How to add fees

    14:47
  • What is an impound or escrow account

    3:34
  • What you can do to delegate the processing side and make your file go smoothly

    1:17
  • Quiz

Module 4 - Application (Ana Zhizhina)

5 lectures - 1 hour 21 minutes
  • Overview of Point

    0:45
  • How to fill out 1003

    53:55
  • Running DU and LP

    19:56
  • Property profile

    7:02
  • Where to find missing information before asking

    0:51
  • Quiz

Module 5 - Credit (Ana Zhizhina)

5 lectures - 13 minutes
  • Running credit how to read it

    4:11
  • What is Rapid Rescore

    5:53
  • Rule for 45 day credit pull

    1:01
  • Difference between credit karma and fico score

    1:07
  • Omitted liabilities: when and how

    1:15
  • Quiz

Module 6 - Income (Ana Zhizhina)

7 lectures - 35 minutes
  • Income requirements

    2:33
  • Work history

    1:21
  • How to calculate income for self employed

    11:58
  • How to calculate income for W2

    16:44
  • Commission/bonus/overtime

    1:29
  • Calculating the debt to income ratio

    0:47
  • Calculating PITI

    1:52
  • Quiz

Module 7 - Down payment & assets (Ana Zhizhina)

9 lectures - 14 minutes
  • Down payment requirements

    1:15
  • Gifts

    3:03
  • Gifts for investment properties

    0:54
  • 401K use

    1:19
  • Cash for down payment

    1:17
  • 2 month bank statements rule

    0:44
  • Sourcing of large deposits

    3:13
  • Reserves

    1:27
  • Gift of Equity (Hovig Khatchadourian)

    2:48

Module 8 - Approval (Hovig Khatchadourian)

4 lectures - 14 minutes
  • How to read an underwriting approval

    4:21
  • Appraisal report

    4:00
  • Master insurance (Ana Zhizhina)

    2:01
  • HOA: what to look for (Ana Zhizhina)

    3:56

Module 9 - Rates (Hovig Khatchadourian)

10 lectures - 13 minutes
  • What is the rate lock

    2:08
  • Pricing the file, loansifter.com

    1:59
  • How to read rate sheet

    2:09
  • Difference in 30 or 15 yr loans

    1:27
  • ARM loans

    1:14
  • Lender paid vs borrower paid rates

    1:59
  • Min loan amounts

    0:36
  • What is the high cost loan

    1:05
  • Switching from lender paid to borrower paid loan

    1:07
  • What is lock extension

    1:13

Module 10 - Programs (Hovig Khatchadourian)

6 lectures - 8 minutes
  • Conventional loan

    1:29
  • Loan limits

    0:46
  • Government

    1:57
  • NonQM

    1:18
  • Hard money

    1:24
  • 2nd loans (helocs)

    2:03

Module 11 - Leads (Hovig Khatchadourian)

4 lectures - 7 minutes
  • Leads and loan sources

    1:03
  • Leads and how to handle them

    1:03
  • Effective lead nurturing tactics

    1:43
  • How to get leads

    3:12

Module 12 - Compliance (Hovig Khatchadourian)

3 lectures - 4 minutes
  • Understanding EPO

    1:19
  • License renewal

    1:02
  • Where to store files

    2:02

Module 13 - Fraud (Hovig Khatchadourian)

1 lecture - 5 minutes
  • How to prevent fraud

    4:58

Final exam

0 lecture -
  • Final exam

Reviews

4.7 56 reviews
Emily Perez photo

Emily Perez

Client from Los Angeles, CA

Just finished the course and I feel like a pro now! The course was packed with valuable information and Alex's team is top-notch. I highly recommend it to anyone looking to become a loan officer or just to improve professional skills.

Daniel Turner photo

Daniel Turner

Client from Jacksonville, FL

If you're a loan officer or want to be one, this course is a must! It covers everything you need to know and more. The instructors were great and made the material easy to understand. I highly recommend it!

Benjamin Lewis photo

Benjamin Lewis

Client from Dallas, TX

The loan officer course was a game changer for me! It was packed with practical tips and strategies that I can apply right away. The instructors were knowledgeable and engaging. I highly recommend it to anyone in the industry looking to take their knowledge to the next level.

Rebecca Phillips photo

Rebecca Phillips

Client from San Francisco, CA

I'm impressed with the content! Thank you guys for making it interactive, it was fun to learn. I highly recommend it for me colleagues in the industry looking to improve their skills.

Speakers

Alex Shekhtman

CEO at LBC Mortgage

Alex Shekhtman is an experienced professional mortgage broker with over 20 years of experience in the industry known for his ability to help clients navigate the complex mortgage process and find the best loan options that match their budget and credit profile.

Anastasia Zhizhina is a Sr. Loan Officer at LBC Mortgage. She has a strong knowledge of the loan origination process and works with different types of loan products and underwriting guidelines. She is recognized for her ability to work effectively with clients, real estate agents, and other parties involved in the loan process to achieve the best outcome.

Hovig Khachadourian is a Sales Manager at LBC Mortgage. He has a deep understanding of real estate market trends and sales techniques. Hovig's experience in sales and mortgage management will be beneficial for the course students providing valuable insights and practical advice based on his experience in the industry.