45 hour

Property Appraisal and Mortgage Approval

Covers: Appraisal of a property on the lender’s receipt of the borrower’s mortgage application; Understanding the loan-to-value ratio (LTV); Private mortgage insurance (PMI); Conditional approval of a mortgage application; The borrower’s need to shop around for the most favorable mortgage…

Additional Components of the URLA Application

Final sections of the Uniform Residential Loan Application (URLA); Declarations; Acknowledgments and agreements; Demographic information; Loan Originator Information More information about this topic is available @ firsttuesdayjournal.com. More information about our real estate licensing and renewal courses is available @…

URLA Section 1: Borrower Information

Covers: The first component of the Uniform Residential Loan Application (URLA); Borrower entry of personal identifying information and income from employment; Individual or joint credit; Employment information entered into the URLA More information about this topic is available @ firsttuesdayjournal.com.…