Mortgage Broker Fundamentals Part 1: Underwriting and Submitting for Approval – May
| Title: | Mortgage Broker Fundamentals Part 1: Underwriting and Submit |
|---|---|
| Location: | Delivered in an interactive Zoom environment |
| Start date: | 07 May, 2024 |
| Cost: | $279.00 for members or $329.00 for non-members |
About this course:
The Mortgage Broker Fundamentals – Practical Applications Course is a class for new or aspiring brokers, and for persons who manage them. It provides practical knowledge and skills needed to function as a mortgage broker.
The course is split into two parts, the first part concerns practical matters a mortgage broker needs to know to operate in the field while the second addresses brokering practice requirements. The first part will make you a better and hopefully more successful broker. It will support what it takes for a broker to earn income. The second will protect you by better ensuring you are entitled to continue as a broker and to keep the income you earn. It will help keep you out of trouble with your clients, the regulator, and the courts.
The course is taught by a variety of senior brokers, experts, and others with considerable knowledge of the topics they address. It is better that a student learns from a variety of perspectives and hears a variety of knowledgeable voices.
Format: Interactive Online Class
Dates: Tuesdays and Thursdays from 9:00AM-1:00PM on May 7, 9, 14 & 16.
Enrollment fees: $279 +GST for members; $329 +GST for non-members.
Part 1 includes:
- an overview of the mortgage application process
- an examination of underwriting parameters (including the stress test)
- a discussion of required income documentation (obtaining and reviewing)
- a review of credit reports (obtaining and reviewing)
- a review of price and valuation documents (obtaining and reviewing)
- a discussion of how to underwrite for approval
- a discussion of what to do after approval is obtained
- a discussion of high ratio mortgage qualifications and requirements
- an examination of a private mortgage alternative to high ratio financing
- a review of common application submission platforms including Lendesk, Newton Velocity, and Finastra
- a review of client retainer agreements
- a review of how to terminate a client
- a discussion of how to shop a deal
- an examination of title insurance
Course Instructors:
- Dustan Woodhouse | President at Mortgage Architects
- Geoff Parkin | CEO at Select Mortgage Corp.
- Tricia McIntosh | Team Lead/Mortgage Broker at McIntosh Mortgage Group
- Rebecca Casey | Designated Individual at Origin – Custom Coast Mortgages Inc.
- Camilo Rodriguez | Designated Individual at MortgagesLab Financial Inc.
- John Ribalkin | Designated Individual at The Nova Team Mortgage Consultants
- Jane Wakelyn | Mortgage Broker at Dominion Lending Centres White House Mortgages Inc.
- Teague Brinkworth | Designated Individual at Mortgage West – The Mortgage Centre
- Ray Basi | CMBA-BC Director of Education and Policy
- Eric Poblete | National Director (Solutions: Mortgage & Housing) of Equifax
- Dan Jones | Coordinator/President of Campbell & Pound Real Estate Appraisals and Advisors
- Ryan Spence | Principal, Broker Channel Development of Filogix (A Finastra Company)
- Jeff Brown | Vice-President (Credit Union Sales and Strategy) of First Canadian Title Insurance Co. Ltd.
- Michael Masters | Training Specialist at Newton Connectivity Systems
Reviews from students who recently took this course:
The speakers were extremely organized, open to questions, and very helpful. I will definitely be interested in participating in future courses & webinars. Well worth the cost to attend.
It was great being able to connect with the various speakers. It was great to have actual brokers come in and speak.