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
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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.
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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.
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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.
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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 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
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.
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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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