Class participants will learn about the Consumer Financial Protection Bureau and recent law implementation that impact the real estate industry.
Upon completion of this class the real estate practitioner will have a greater comprehension of traditional home loan finance, terms used, impact of credit and necessary documents required of a borrower.
This course will give participants an understanding of issues and concerns that effect the real estate industry with regards to cybersecurity. This class will have a primary focus on the overall concerns effecting the real estate industry, a complete understanding of State and Federal legal requirements regarding wire fraud, proper documentation disposal and client data protection.
To review all recent changes in FHA guidelines and a refresher of relevant loan information specializing in FHA lending.
Participants will gain an understanding of current industry trends that influence the lending decision process and learn what mortgage lenders look for and how to correct errors on credit reports.
To give participants an understanding of what mortgage lenders look for on a credit report, how to correct errors on reports, and how different factors have different effects on the ability to obtain a mortgage.
This course offers an introduction to loan basics that will give a better understanding of how the major components of a loan (credit, income, assets and collateral) affect the ability of a borrower to qualify for a loan and how much of a loan they qualify for. Upon completion of this course, the real estate practitioner will have a better understanding of how a home loan is structured for pre-qualification and ultimately loan approval.
Class participants will be educated on mortgage fraud as a whole and understand how to recognize & work with their partners to prevent it. They will gain understanding of the risk factors of fraud, the consequences, and the impact that fraud could cause on the industry.
Upon completion of this class, the real estate practitioner will have a greater understanding of the mortgage process, qualifying/documentation requirements, loan programs, and current mortgage industry trends.
To give participants a basic understanding of how the HECM program works, who qualifies, some of the processes and guidelines and how this program may benefit their clients.
Upon completion of this course, the licensee shall better understand the reverse mortgage loan program and how it applies to real estate sales.The licensee will be better able to assist senior citizen clients who may benefit from a reverse mortgage. The licensee will understand federal and state regulations and practical considerations dealing with the reverse mortgage purchase program.
Upon completion of this course, the licensee shall better understand the features and legal issues of a reverse mortgage loan program and how it is a benefit to their clients. The licensee will be better able to inform senior clients who may benefit from a reverse mortgage. The licensee will understand federal and state regulations and practical considerations dealing with the reverse mortgage purchase program.
Course participants gain a basic understanding of the elements of a credit report, the importance of a credit score and the effects of the report on a real estate transaction.
Upon completion of this class, the real estate practitioner will be able to identify different types of loans, as well as the many provisions that apply to these loans, including pre-qualifying for the borrower.
Class participants will understand the VA Loan in depth, including who qualifies, how it can be used and the legal requirements.
In Arizona:
NOVA® School Of Real Estate
ADRE License # S11-0006
In California, Colorado, Texas, Nevada:
NOVA® Home Loans
education@novahomeloans.com