MemberClose Mortgage Academy
The MemberClose Mortgage Academy includes eight on-demand training modules giving finance professionals the skills and knowledge to excel in the mortgage lending space. The self-paced approach allows learners to progress through the materials at their own speed, ensuring work commitments are managed while advancing knowledge and investing in the future.
Gain mortgage lending knowledge through these eight comprehensive modules:
- Mortgage Loan & Process – Build a foundation of knowledge with an understanding of terminology, non-qualified vs. qualified mortgages, secondary market, ARMs, equity lending, portfolio loans, participations, and application review.
- Mortgage Borrowers – Focus on the credit aspects of the mortgage process, including credit reports, credit review the 5 C’s of credit, pre-qualification vs. preapproval, debt ratios, and income.
- Mortgage Property – Explore property types, flood zones, appraisals, and automated valuation models to understand how crucial they are for making informed lending decisions and ensuring compliance with regulatory requirements.
- Real Estate Purchase Process – Review purchase transactions including contracts, listing terms, pre-foreclosure/short sale properties, home inspections, title review, trusts, taxes, exemptions, and the closing process.
- Refinance Transactions – Learn to navigate mortgage refinance transactions with topics, such as eligible and ineligible refinance types, cash-out refinances, and streamline refinance options.
- Think like an Underwriter – Cover the fundamentals of mortgage underwriting, including the key elements to better understand underwriting decisions in the mortgage industry.
- Mortgage Regulations – Understand the laws and regulations that govern the mortgage industry that are crucial for maintaining compliance and conducting business ethically.
- Mortgage Servicing – An all-inclusive introduction to mortgage servicing covering the main functions and responsibilities of mortgage servicers, relationships, and more key details.
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