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“It was lively with great instruction. I learned more about the business than I expected… having an experienced person who has a great teaching style. The instructor was very articulate… he knew his business!” – G. K.
“Well planned. Informative. I left with confidence, ready to enter the mortgage world.” – N. R.
Learn from an Experienced Loan Originator.
Kirk J. LoCicero is a career advertising agency executive. He has spent over thirty years in the industry as an award-winning writer, producer and account supervisor. He is a Louisiana certified mortgage instructor, licensed REALTOR®, and certified real estate instructor. His seminars in mortgage and real estate have received wide critical acclaim.
Topics Include:
Introduction
An Examination of the Test
Test Outline
Residential Mortgage Lending Act
Powers and Duties of the Commissioner
Licensing Requirements
Acts Requiring Licensure
Originators/Brokers
Licensure Exemptions
License Expiration
License Renewal
Continuing Education
Prohibited Acts
Civil and Criminal Penalties
Permitted & Prohibited Fees to Borrowers
Loan Origination Agreement
Record-Keeping Requirements
Federal Laws
RESPA (Real Estate Settlement Procedures Act)
TIL (Truth-In-Lending)
Regulation Z
ECOA (Equal Credit Opportunity Act)
FCRR (Federal Credit Opportunity Act)
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Table Funding
Aggregate Accounting (Prorations)
General Concepts
Lending Principles & Terminology
Types of Loans
FHA/VA Programs
Non Government Sources of Funding
Secondary Market Agencies
Life Cycle of a Mortgage Loan
Information Required On a Loan Application (1003)
Mortgages & Promissory Notes
Mortgage Clauses
Sub Prime Lending
Lending Calculations
Basic Mathematics
Loan-To-Value Ratios (LTV)
Points
Payments
Qualifying Buyers
Interest Rates
Test Taking Tips
Multiple Choice Review Questions
100 Sample Test Questions
100 Additional Sample Test Questions
RMLA Mortgage Loan Originator
Examination Candidate Information
Registration Procedures
Scheduling Procedures
Test Center Locations
Registration & Fee Information
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