School of Loan Origination
MBA Education’s School of Loan Origination (SOLO) is a live, instructor-guided online course designed to provide an in-depth working knowledge of how to originate residential mortgage loans. In a series of 12 two-hour webinars, the course explains how to originate compliant and quality-based mortgage loans to minimize risk of repurchase and reduce the number of “touches” on the file.
The course begins with an overview of the mortgage lending industry and the originator’s activities and responsibilities within the industry. Subsequent topics include: how to take a complete and accurate loan application; regulations that govern origination activities; loan options, credit reporting, and credit scoring; review of supporting documentation; review of tax returns and calculation of qualifying income; traditional and non-traditional mortgage products; pricing and rate locks; structuring mortgage loan transactions; and marketing strategies. The course concludes with a series of case studies that allows the student to practice the skills and calculations required to be a successful originator.
Get an in-depth working knowledge of how to originate residential mortgage loans, including:
- Challenges facing mortgage origination businesses
- Roles of mortgage originators, processors and underwriters
- Laws and regulations that protect consumers
- Building and packaging quality mortgage loans
- Evaluating credit
- Advantages and disadvantages of different mortgage products
- Developing a purchase-based business model
Upcoming School of Loan Origination Courses
The Details
This course is presented completely virtually, in a blend of self-study and instructor-guided online learning. The course includes a series of live webinars, presented through Zoom, which allow for participant interaction with the instructor and each other. Course materials and assessments are available through MBA's Learning Management System.
Course Level: Entry Level
Course Delivery Method: Online Course
Online Course: Two hours a day, three days a week for four weeks
Elements: Live, online and interactive presentations, Quizzes, Case Study, Practice Activities, Homework, Final Exam
Who Should Attend
SOLO is designed for:
- New and aspiring MLOs
- Loan Officer Assistants
- Processors
- Underwriters or Closers who are interested in moving into an origination role
Get More with Education Advantage
Developed by MBA Education, Education Advantage is an annual subscription-based training package that provides your organization with training and development programs your employees need to succeed and grow.
For one low annual price, you have unlimited access to our online self-study library, discounts on designations, two seats in specific online courses or the option to completely customize your curriculum. Contact Kathy Ryan today to learn more.
What MBA Members Are Saying About this Program
"This class was more than I expected! As a new LO, School of Loan Origination covers so much and the instructor was patient and allowed for questions before moving on. I will recommend this class to other new LOs."
Graduate of School of Loan Origination - March 2024Developing the next generation of mortgage professionals.
Mortgage Banking Bound is educating and inspiring the next generation of industry professionals. Through strategic partnerships with top colleges and universities, MBA is ensuring that graduates are prepared with hands-on training and industry-specific insights, making them ready to contribute to your organization immediately. The program offers three unique options, each tailored to address the evolving needs of today’s mortgage landscape. Contact David Upbin to learn more about how your company can get involved.