Master the Closing Disclosure as a Loan Processor & MLO

Master the Closing Disclosure as a Loan Processor & MLO, Mortgage Loan Processor and Loan Originator Training: Includes 10 Mortgage Closing Disclosure examples with explanations.

Course Description

Do you want to work in the mortgage industry but don’t know what a closing disclosure is? Are you looking to advance in your career by having more specialized knowledge on one of the most important documents in the entire mortgage process?

Anyone who works in the mortgage industry can tell you that you will see a closing disclosure on every loan you do. If you want to work as a loan processor, loan originator, underwriter, closer, or other similar position, you need to know how to read and understand this document. That’s why I created an entire course on this specific topic!

This practical course will go over 10 different examples of a closing disclosure and will break them down in detail so that you can be prepared to do it on your own. By knowing where to find vital information on a CD or closing disclosure such as the loan amount, interest rate, monthly payment, cash to close, and the closing costs, you’ll be prepared to answer common questions from borrowers and from potential employers during job interviews.

You can quickly determine if someone is a beginner in the mortgage industry by asking them questions on information found on a CD or closing disclosure. For this reason, you need to take this document seriously and master it by taking this course. Besides that, you’ll learn how to read the breakdown of closing costs on page 2 of a CD so that you can immediate figure out if a borrower has escrows or not, if they have to pay loan discount points, how much they are paying in loan origination fees, whether or not the borrower will have a prepayment penalty or not, if they will have a balloon payment, and so much more. I will go over 10 real life closing disclosures and then have you try for yourself. You can always go back and see the lecture to correct any mistakes you make. Finally, you’ll have several practice tests so that you can see how you are progressing. These practice tests don’t affect your course certificate and are just for your own private education. If you’re thinking of starting a career in mortgages and want to get paid well, you need to start and finish this course.

What you will learn & how you’ll benefit:

– You’ll learn to master the closing disclosure

– You’ll become an expert on closing costs

– You’ll become familiar with important mortga