3.75 CE Credits
Correctly qualifying borrowers has always been a challenge for both Real Estate agents and Loan Officers. Since high schools and colleges do not offer specific classes on proper methods the Real Estate Agent and Loan Officer are now at the mercy of learning as they go. To this day there are still a large percentage of people in the real estate and mortgage lending world that do not fully understand all the information and calculations that go into a proper qualification of the borrower.
Because the real estate agent relies in many cases on the borrower’s loan being approved it is in everyone’s best interest if a real estate agent had a deeper understanding of what the mortgage loan officer is asking their customer (sometimes client) to do in order to be properly qualified.
This quick yet in-depth course will teach the serious real estate agent how to close more sales by better understanding not only the basics but rather the details of how underwriters approve or decline borrowers on key elements ranging from the following:
· Borrowers Credit Report (FICO scores and more)
· Borrowers DTI (Debt to Income Ratio)
· Borrowers LTV (Loan to Value Ratio)
· Correct ways to calculate Income