Loan Processor & MLO Mortgage Math: Problems & Solutions

Do you have trouble with the
math portion of mortgages
or on the
SAFE Mortgage Loan Origination licensing exam
? How about learning through practical examples taught by an industry expert and past college math professor?
If you want to work as a loan processor or mortgage loan originator, you need to know how to calculate the LTV, DTI, cash to close, discount points, origination points, and many other math specific factors. This course on Mortgage Math will take you through
115 real life mortgage math problems where I will sit with you and go over each problem

in detail
so that
you can follow along
and do the problems with me. This way, you can become an expert on mortgage math before starting your new job or in your current position.
By the time you finish this course, you'll be ready to take the math portion of the SAFE pre-licensing mortgage loan originator exam, if you're thinking of becoming a mortgage loan originator. If you're planning to start working as a mortgage loan processor or mortgage loan originator, you need to know how to calculate a borrower's income, which is why I'll also teach you to quickly calculate a borrower's income no matter how they're paid. If they're paid on a bi-weekly, per hour, bi-monthly, weekly basis, or if they're self-employed, you'll discover what calculation you need to use. You will be able to download my "monthly income cheat sheet" to have on hand when you need it so that you can always calculate your borrowers income accurately.
This course includes:
115

mortgage math problems
.
A course guide
pdf to print and save.
Income calculation equations
pdf to save on your computer.
Mortgage specific equations
pdf to use while you follow the course.
12 practice quizzes
to see how much you’ve learned
The main benefits of this course:
- Real life mortgage math problems and solutions
Loan processors and mortgage loan originators that are good at mortgage math close more than twice as many loans and are paid higher than other LP's and MLO's
- Complete examples on calculating W2 employees and self-employed borrowers (weekly, bi-weekly, bi-monthly, hourly, annual basis income examples)
- Pass the math portion of your
SAFE Mortgage Loan Origination licensing exam
- Close loans faster and minimize math errors
- Calculate the loan-to-value and debt-to-income ratio with speed and accuracy
- Understand and determine loan discount points and loan origination points
- Learn to calculate the cash to close for a borrower so that they know how much they need to bring to the closing
Don't waste your time learning only theory. Get started with these practical examples taught in a hands-on approach.
Once you complete this course, a course diploma will be available to you when all sections have been completed at 100% which you can save or print. For instructions on downloading your course diploma you can go to: https://support.udemy.com/hc/en-us/articles/229603868-Certificate-of-Completion
TO DOWNLOAD THE COURSE PDF’S
Please go to lecture 6. You will be able to download them under resources.
Your instructor
Joseph Correa
is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans and processed many of them, he has the necessary processing knowledge to help you become a success. In the past, he has also owned a correspondent lender business and invested in real estate.
Who this course is for:
Anyone who wants to overcome math obstacles that are in your way
Anyone who wants to become an instant success in the mortgage industry
Anyone who wants to clearly communicate the numbers behind mortgages to borrowers
Anyone who is considering taking the SAFE Mortgage Loan Originator Test and want to pass on their first try
New mortgage loan originators that want to speed up the learning process and be able to start originating loans right away
Experienced loan officers who want to polish their mortgage skills by upgrading their math knowledge
Anyone who wants to learn how calculate mortgage ratios and figures faster