Course Materials, Syllabus Point Sheet and Due Dates Course Outline of Record
Textbook Cover
Presentation Sheet
Current Event
Textbook Chapter (not California)
Group Special Topic Report
Group Sheet
Project
1. Project Scenario and Format
2. Chart and Factors
3. URAR – Uniform Residential Loan Application
4. Part I – Pre-Qualification (check Class Schedule for Due Date)
5. Loan Pre-Qualify Worksheet
6. VA Loan Pre-Qualify Worksheet
7. Part II – Comparison of Loan Options
8. Chart 1 (Cash to Close (Est. Pre-Paid Costs)(Est. Non-
Recurring Costs)
9. Worksheet
80% CLTA (15% Dn + 5% Seller Carry)
80% Piggyback (15% Dn + 5% 2nd)
85% w/PMI (15% Dn + PMI)
VA (15% Dn)
FHA (15% Dn)
10. Part III – Pricing Comparison (check Class Schedule Due Date)
11. Wholesale Rate Comparison
Greenlight – Retail Lender Page 1 & 2
Countrywide Home Loans – Page 1 & 2
E*Trade financial – Page 1 & 2
Wholesale Lender #1 & #2
Wholesale Lender #3 & #4
12. Wholesale Lender “Junk” Fees
13. APR Calculation
14. Rate Compairson
Rate Comparison Charts (Wholesale and Retail)
Student Chapter Quiz Questions
Student Study Guides
Unit 1: The Scope of Mortgage Loan Brokerage
Unit 2: Marketing and Advertising
Unit 3: Conventional Loans
Unit 4: Government Loans
Unit 5: Loan Disclosure and Compliance
Unit 6: Loan Pre-Qualification & Application
Unit 7: Credit and Fair Housing
Unit 8: Verifications and Processing
Unit 9: Appraisal, Title Report and Escrow
Unit 10: Underwriting and Quality Control
Unit 11: Funding and Closing the Loan
Unit 12: The Secondary Money Market and Loan Servicing
Unit 13: Supervising the Mortgage Loan Brokerage Office
Unit 14: California State Licensing Agencies
Unit 15: Trust Fund Handling for Mortgage Loan Brokerage
Appendix Forms
Index
FNMA Form 1003
Good Faith Estimate
HUD-1
Mortgage Loan Disclosure Statement Traditional Loans
Mortgage Loan Disclosure Statement Non-Traditional Loans
Do New MLO License Requirements Apply To Me? FAQ
License Requirements FAQ
Examination Requirements FAQ
Education Requirements FAQ
Seller Financial Disclosure Statement
Threshold Notification
Trust Account Report
Trust Fund Bank Account Reconcilation
Trust Fund Status Report
Verification Forms
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