Mortgage closer training is a form of continuing education designed to prepare individuals to accurately and efficiently close mortgage loans. This type of training typically covers topics such as loan documents, closing procedures, title insurance, escrow accounts, and other topics related to the mortgage closing process. It is typically offered by mortgage lenders, title companies, and other organizations that specialize in the mortgage industry.
A home loan estimate is full of moving parts controlled by the applicant, the service provider, and the lending institution. Let's not forget that the Consumer Financial Protection Bureau (CFPB) also plays a big role. While it's impossible to cover every detail that goes into creating a loan estimate, it's important for every loan officer to grasp the gravity and importance of this document. Here's a refresher guide to loan estimates that will make it all click for you!
The major mortgage companies understand the importance of giving loan officer referral gifts. You may be wondering if this strategy is right for if you're an independent broker or run a small business. Some loan officers see gifts as giving off a bad impression and transactional. But as we’ll see below, there are ways for mortgage loan officers to make gifts look and feel authentic.
Loan processing automation is quickly changing the industry landscape. If you want to bolster your company's KPIs and become more efficient with your resources, software, automation and artificial intelligence can take a huge burden off your shoulders.
The Office of the Superintendent of Financial Institutions (OFSI) released its first Annual Risk Outlook report recently, and there are a number of significant implications for Canadian lenders to consider. According to Peter Routledge, OFSI’s Superintendent: