4.9 out of 5
4.9
159 reviews on Udemy

Loan Processor & MLO Mortgage Math: Problems & Solutions

Mortgage skills training and SAFE Mortgage Loan Originator Licensing Exam math prep with 115 problems & solutions
Instructor:
Joe Correa
1,029 students enrolled
English [Auto]
You will learn how to master common mortgage math calculations such as: LTV, CLTV, DTI, Income, etc.
You will learn how to solve common question types and how to solve them quickly and accurately
You will be able to confidently pass the math portion of the SAFE Mortgage Loan Originator Test
You will have a better understanding of mortgage math calculations
You'll discover new ways to figure out mortgage calculations that will save you time and unnecessary mistakes
You'll understand what abbreviated mortgage terms are so that you can communicate effectively with banks and lenders
You will have a better understanding of mortgage math calculations

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.

You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
4.9
4.9 out of 5
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Includes

4 hours on-demand video
2 articles
Full lifetime access
Access on mobile and TV
Certificate of Completion

Archive

Working hours

Monday 9:30 am - 6.00 pm
Tuesday 9:30 am - 6.00 pm
Wednesday 9:30 am - 6.00 pm
Thursday 9:30 am - 6.00 pm
Friday 9:30 am - 5.00 pm
Saturday Closed
Sunday Closed