COURSE LENGTH:
70 hours of actual comprehensive classroom training covering 9 days.

PRICE INFORMATION:
$1,600 (a discount of $200 when classes are taken together as the "CMS Program")
$1,795 (If classes are taken separately)

Order CMS Program for Loan Processors Now

The cost of taking each of the live classroom couses included in our CMS Program separately is $1,795. You can save $195 by signing up for the complete CMS Program.

Student Loans are available for this program.
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COURSE OVERVIEW:
It takes time and effort on your part to acquire the knowledge and skills in the mortgage industry. Plus, the industry guidelines are constantly changing! You need that competitive edge to stay on top, and being recognized by your peers and clients as a professional “Certified Mortgage Specialist” improves your chances for advancement and your earning potential! The courses that are showcased here will give you the best all-around training. You may take the courses at one time or you may break them up to fit your scheduling needs. Capstone Institute™ offers a package price of $1600 for the entire program, provided you register for all of the courses at one time.

STATE LICENSING & CONTINUING EDUCATION CREDITS:
Capstone's CMS Program meets licensing and/or continuing education requirements for Georgia, Illinois, Indiana, Mississippi, Maryland, South Carolina & Texas. It is approved by the Georgia & North Carolina Real Estate Commission for Continuing Education Credit for Real Estate Agents.

CMS PROGRAM FOR LOAN PROCESSORS LIVE TRAINING MENU:

	Fundamentals of Loan Processing
	Understanding FHA Loans
	Understanding VA Loans
	Qualifying the Self-Employed Borrower
	The Loan Processor's Guide to Getting Organized
	Creative Financing Strategies That Sell Houses

CLASS DESCRIPTIONS:

Fundamentals of Loan Processing (Cost if taken separately: $685) Designed for the entry-level Loan Processor, this course is presented in an easy-to-understand format using actual hands-on training. This course covers basic conventional guidelines including:     • Preparing the Good Faith Estimate   • Opening and setting up the loan file   • Reviewing the loan application   • Ordering documents   • Reviewing the credit report   • Reading and analyzing the appraisal   • Verifying income and assets   • Working up the package for submission Order CMS Program for Loan Processors Now Understanding FHA Loans (Cost if taken separately: $455) This course is acceptable for both Loan Originators and Processors and provides training for all FHA guidelines and procedures, including:     • FHA Programs and Guidelines   • Acceptable Sources of Income and Assets   • Determining What the Seller Should Pay   • FHA Allowable/Non-Allowable Fees   • FHA Refinance Guidelines   • Ordering the Case Number and Appraisal   • Financing Closing Costs Into the Loan   • Assembling the Submission Package   • Getting Condo Approvals Order CMS Program for Loan Processors Now Understanding VA Loans (Cost if taken separately: $225) This course is acceptable for both Loan Originators and Processors and provides training for all VA guidelines and procedures, including:     • VA Programs and Guidelines   • Ordering the Case Number and Appraisal   • Determining Residual Income   • Determining the Veteran's Eligibility   • Maximum Seller Contributions   • Assembling the Submission Package   • VA Allowable/Non-Allowable Fees   • Preparing All VA Forms   • VA Refinance Guidelines Order CMS Program for Loan Processors Now Qualifying the Self-Employed Borrower (Cost if taken separately: $225) An important part of processing the loan is understanding how to analyze tax returns for self-employed borrowers. This course provides hands-on training including:     Explanation of different business entities:   • Sole Proprietorship   • Partnership   • Subchapter “S” and “C” Corporations   Reviewing & Analyzing Returns for Each Business Entity:   • 1040 Individual Income Tax Returns   • Schedule B - Interest & Dividend Income   • Schedule C - Sole Proprietorship Income   • Schedule E - Real Estate Owned   • Partnership Returns   • Analyzing K-1s Order CMS Program for Loan Processors Now The Loan Processor's Guide to Getting Organized (Cost if taken separately: $60) With so much automation available today in processing loans, you would think that the time involved in processing loans would have been dramatically reduced. WRONG! It's still taking just as long to process loans today as "in the old days," and the primary reason is because the loan processor is not organized!       Identifying the Loan Processor's Responsibilities:   • Understanding the loan processor's responsibilities   • What to expect from other staff members   • Whose job is to do what       Getting Organized:   • Organize your contacts   • Set up a tracking system   • Organize your file folder   • Weekly status reports   • Managing your time more effectively   • Analyzing problem areas   • Analyzing your overall performance       Reviewing the Application Package:   • Checklist of required documents   • Reviewing the loan application for completeness and accuracy   • Ordering the documents   • Determining additional documentation needed from borrowers Order CMS Program for Loan Processors Now   Creative Financing Strategies That Sell Houses (Cost if taken separately: $145) Wouldn't it be great if every buyer had sparkling credit, perfect income and assets, and qualifying was a breeze? In reality, many buyers have problems that prevent them from qualifying. This class covers creative financing strategies that help get more borrowers qualified and get most houses sold, including:     • Alternative Down Payment Sources   • How to Reduce the Borrower's Cash to Close   • "-0-" Down Loan Programs   • How to Qualify a Borrower For $20,000 More House   • How to Lower a Borrower's Qualifying Ratios   • How to Write Creative Ads that Get Results!   • And So Much More! Order CMS Program for Loan Processors Now IMPORTANT TO NOTE: All of Capstone Institute's materials are protected by US Copyright Laws!