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 an important step to a profitable career as mortgage loan officer. We share tips and secrets that will help you be well-prepared and secure a stable career with a high earning potential. The most successful students will get a chance of joining our team.
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.
Preview video
Course content
80 lectures - 4 hours 8 minutes
Module 1 - Basics
11 lectures - 42 minutesIntro
2:41Benefits of taking this course
0:48What mortgage broker does
1:35What is the difference between big lender and mortgage broker (2:31)
2:31What loan officer does
4:01How to get licensed
2:29How mortgage industry works
4:31Mortgage Vocabulary
13:39What software we use
2:53How brokers are paid
1:49Types of loans are available
7:17Quiz
Module 2 - The loan process
6 lectures - 29 minutesWhy people use mortgage loans
3:17How the loan process works
5:42Importance of pre-approval
3:51What type of property you can finance
7:02How to work with incorrect documents
5:32Mortgage compliance
4:15Quiz
Module 3 - Pre-approval
9 lectures - 24 minutesWhat type of documents we need to start pre-approval process
2:44Preapproving the client
1:03What is LTV and how to calculate it
0:20What is mortgage insurance and how is it calculated
1:01What are loan disclosures
0:22What is a loan estimate
0:48How to add fees
14:47What is an impound or escrow account
3:34What you can do to delegate the processing side and make your file go smoothly
1:17Quiz
Module 4 - Application (Ana Zhizhina)
5 lectures - 1 hour 21 minutesOverview of Point
0:45How to fill out 1003
53:55Running DU and LP
19:56Property profile
7:02Where to find missing information before asking
0:51Quiz
Module 5 - Credit (Ana Zhizhina)
5 lectures - 13 minutesRunning credit how to read it
4:11What is Rapid Rescore
5:53Rule for 45 day credit pull
1:01Difference between credit karma and fico score
1:07Omitted liabilities: when and how
1:15Quiz
Module 6 - Income (Ana Zhizhina)
7 lectures - 35 minutesIncome requirements
2:33Work history
1:21How to calculate income for self employed
11:58How to calculate income for W2
16:44Commission/bonus/overtime
1:29Calculating the debt to income ratio
0:47Calculating PITI
1:52Quiz
Module 7 - Down payment & assets (Ana Zhizhina)
9 lectures - 14 minutesDown payment requirements
1:15Gifts
3:03Gifts for investment properties
0:54401K use
1:19Cash for down payment
1:172 month bank statements rule
0:44Sourcing of large deposits
3:13Reserves
1:27Gift of Equity (Hovig Khatchadourian)
2:48
Module 8 - Approval (Hovig Khatchadourian)
4 lectures - 14 minutesHow to read an underwriting approval
4:21Appraisal report
4:00Master insurance (Ana Zhizhina)
2:01HOA: what to look for (Ana Zhizhina)
3:56
Module 9 - Rates (Hovig Khatchadourian)
10 lectures - 13 minutesWhat is the rate lock
2:08Pricing the file, loansifter.com
1:59How to read rate sheet
2:09Difference in 30 or 15 yr loans
1:27ARM loans
1:14Lender paid vs borrower paid rates
1:59Min loan amounts
0:36What is the high cost loan
1:05Switching from lender paid to borrower paid loan
1:07What is lock extension
1:13
Module 10 - Programs (Hovig Khatchadourian)
6 lectures - 8 minutesConventional loan
1:29Loan limits
0:46Government
1:57NonQM
1:18Hard money
1:242nd loans (helocs)
2:03
Module 11 - Leads (Hovig Khatchadourian)
4 lectures - 7 minutesLeads and loan sources
1:03Leads and how to handle them
1:03Effective lead nurturing tactics
1:43How to get leads
3:12
Module 12 - Compliance (Hovig Khatchadourian)
3 lectures - 4 minutesUnderstanding EPO
1:19License renewal
1:02Where to store files
2:02
Module 13 - Fraud (Hovig Khatchadourian)
1 lecture - 5 minutesHow to prevent fraud
4:58
Final exam
0 lecture -Final exam
Reviews
Emily Perez
Client from Los Angeles, CAJust 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
Client from Jacksonville, FLIf 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
Client from Dallas, TXThe 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
Client from San Francisco, CAI'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.
30-Day Money-Back Guarantee
Don't miss an opportunity to expand your knowledge and acquire new skills by learning from the leaders in the industry! Keep up with modern real estate trends to stay ahead of the market.
Recognition
Invest in your future
and enroll today!
Don't miss an opportunity to expand your knowledge and acquire new skills by learning from the leaders in the industry! Keep up with modern real estate trends to stay ahead of the market and make smart decisions!
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