Introduction
Transform Your Career as a Mortgage Loan Originator
Are you ready to embark on a fulfilling and lucrative career path? Our Mortgage Loan Originator course is designed to provide you with the essential skills and knowledge to thrive in the mortgage industry. Guided by experienced professionals and millionaire mentors, you’ll quickly transition into a high-income career. With flexible learning options, you can set your own schedule and start making a significant impact by helping families achieve the dream of homeownership.
Course Overview
Start Your Mortgage Loan Originator Career with Confidence
Our comprehensive program covers everything from pre-licensing education to real-world applications, ensuring you are fully prepared to become a licensed mortgage loan originator. Learn at your own pace with our flexible online learning options and gain practical insights from experienced professionals.
Why Choose This Course?
Proven Success and Expert Support
- Guided Learning: Receive mentorship from industry leaders and millionaire mentors.
- Flexible Learning: Complete your pre-licensing education at your convenience with our online courses.
- Guaranteed Success: Many of our graduates surpass the income levels of seasoned agents within their first year.
Course Benefits
- High-Income Potential: Achieve financial independence with a career that offers substantial earnings.
- Mentorship Program: Learn from successful industry professionals.
- Business Tools: Access professional ad creation, landing pages, and lead capture systems.
- Networking Opportunities: Join a network of over 35,000 professionals.
All-Inclusive F.E.C. Features
- Proven Lead Capture System: Utilize our Ultimate Broker Lead Capture System (YUBLCS) to generate leads.
- Professional Ad Creation: Benefit from expertly crafted ads and landing pages.
- Ad Campaign Setup: Get initial ad campaigns and lead capture funnels paid by F.E.C.
- Company Connections: Receive introductions and onboarding assistance with top companies.
- Social Media Promotion: Enjoy free promotion and features on OutstandingPeers.com.
- Online Training and Support: Access prime online training and support groups.
Enrollment Process
Start Your Journey Today
Enroll and Start Learning:
Enroll up for the course and begin your pre-licensing education.
Build Your Business:
Receive support from our team and advertising agency to generate business quickly.
Launch Your Career:
Connect with top companies and receive ongoing support from our mentors.
Take the First Step Towards Your New Career Today!
Join now and transform your future. Enroll now and start your journey to becoming a successful mortgage loan originator.
Curriculum
- 18 Sections
- 113 Lessons
- 7 Weeks
Expand all sectionsCollapse all sections
- Module 1: What is a Loan Officer3
- Module 2: Encompass Training8
- 2.1Lesson 1: What is the 1003 form?20 Minutes
- 2.2Lesson 2: How to fill out the 1003 form45 Minutes
- 2.3Lesson 3: How to add a co-borrower/co-signer15 Minutes
- 2.4Lesson 4: How to attach a mortgage from a borrower’s credit report30 Minutes
- 2.5Lesson 5: How to add properties that the borrower already owns20 Minutes
- 2.6Lesson 6: How to exclude or mark a debt being paid off25 Minutes
- 2.7Lesson 7: How to add/complete work history30 Minutes
- 2.8Lesson 8: How to document work history for borrowers who are self-employed45 Minutes
- Module 3: Analyzing Employment History4
- Module 4: Pulling Credit & Analyzing Credit Report5
- 4.1Lesson 1: Why knowing when to pull credit is important?15 Minutes
- 4.2Lesson 2: How do you know when to pull credit?20 Minutes
- 4.3Lesson 3: Understanding the different types of liabilities that can appear on a credit report25 Minutes
- 4.4Lesson 4: Understanding how collections can affect the borrowers loan application30 Minutes
- 4.5Lesson 5: How to check for recent bankruptcies and verify bankruptcy is discharged?25 Minutes
- Module 5: Calculating Income7
- 5.1Lesson 1: Why is calculating income important?20 Minutes
- 5.2Lesson 2: How to calculate W2 wage earners30 Minutes
- 5.3Lesson 3: How to calculate 1099/Schedule C Income35 Minutes
- 5.4Lesson 4: How to calculate Corporate Income30 Minutes
- 5.5Lesson 5: How to calculate schedule e income?25 Minutes
- 5.6Lesson 6: Using income from the property that the borrower plans on vacating20 Minutes
- 5.7Lesson 7: Submitting bank statements for income analysis30 Minutes
- Module 6: Finalizing Approval11
- 6.1Lesson 1: How to know whether to finalize the approval with FHA or Conventional?30 Minutes
- 6.2Lesson 2: What is a debt to income ratio?25 Minutes
- 6.3Lesson 3: What is LTV or Loan-to-Value?20 Minutes
- 6.4Lesson 4: What are reserves?20 Minutes
- 6.5Lesson 5: What are the pros and cons between DU and LP?30 Minutes
- 6.6Lesson 6: How to run DU & LP?35 Minutes
- 6.7Lesson 7: How to understand findings for DU?30 Minutes
- 6.8Lesson 8: How to understand findings for LP?30 Minutes
- 6.9Lesson 9: How to approve through a manual underwrite?45 Minutes
- 6.10Lesson 10: Pre Approval Expiration20 Minutes
- 6.11Lesson 11: How to complete congratulations email?15 Minutes
- Module 7: Explaining the Borrower the Different Approvals5
- 7.1Lesson 1: How to congratulate the borrower and let them know that they are fully pre-approved20 Minutes
- 7.2Lesson 2: How to explain an FHA loan to a borrower25 Minutes
- 7.3Lesson 3: How to explain a conventional loan to a borrower25 Minutes
- 7.4Lesson 4: How to explain the differences between FHA & Conventional to borrowers30 Minutes
- 7.5Lesson 5: How to explain the interest rate to a borrower?20 Minutes
- Module 8: How to Explain to a Borrower What They Need to Do to Be Able to Qualify in the Near Future4
- 8.1Lesson 1: How to keep the borrower pumped up before telling them that they don’t qualify for the moment?25 Minutes
- 8.2Lesson 2: Understanding the different reasons why people do not qualify?30 Minutes
- 8.3Lesson 3: How to communicate to the borrower what they need to do to be able to qualify?30 Minutes
- 8.4Lesson 4: How to save your notes?20 Minutes
- Module 9: How to Conclude Your Conversation with the Borrower Before Ending the Call or Consultation3
- Module 10: Saving Documents & Staying Organized7
- 10.1Lesson 1: How to set up your file explorer to stay organized20 Minutes
- 10.2Lesson 2: How to label your documents properly15 Minutes
- 10.3Lesson 3: What is the acceptable quality for documents?20 Minutes
- 10.4Lesson 4: How to keep track of your conversation with each borrower25 Minutes
- 10.5Lesson 5: What is a pipeline and why is it important?20 Minutes
- 10.6Lesson 6: How to keep track and follow up with your pipeline?25 Minutes
- 10.7Lesson 7: How to organize your email and create rules?20 Minutes
- Module 11: What to Do After the Borrower Gets Under Contract?8
- 11.1Lesson 1: Call the borrower to congratulate them on finding their home & scheduling a time to go over the loan estimate?20 Minutes
- 11.2Lesson 2: Prepare the file to get disclosed25 Minutes
- 11.3Lesson 3: Understanding the loan estimate?30 Minutes
- 11.4Lesson 4: How to explain the loan estimate to the borrower?25 Minutes
- 11.5Lesson 5: Overcoming the most common objections30 Minutes
- 11.6Lesson 6: Preparing the file summary20 Minutes
- 11.7Lesson 7: Requesting updated documentation to have file prepared25 Minutes
- 11.8Lesson 8: How to do the IL-ALDP?30 Minutes
- Module 12: What to Do After the Borrower Closes?2
- Module 13: Business Ethics and Good Karma3
- Module 14: How to Become Valuable to the Marketplace?10
- 14.1Lesson 1: Be loyal to your business partners20 Minutes
- 14.2Lesson 2: Be honest to your borrowers and realtor partners20 Minutes
- 14.3Lesson 3: Shoot content with your business partners25 Minutes
- 14.4Lesson 4: Edify your business partners15 Minutes
- 14.5Lesson 5: Be available 24/7 for both your borrowers and realtor partners20 Minutes
- 14.6Lesson 6: Do not cut corners when approving your borrowers25 Minutes
- 14.7Lesson 7: Be organized and keep good records of your conversations with borrowers25 Minutes
- 14.8Lesson 8: Communicate how strong your borrower is to a potential listing agent to win the offer30 Minutes
- 14.9Lesson 9: Understanding the loan programs30 Minutes
- 14.10Lesson 10: Convert prospects to applications/approvals25 Minutes
- Module 15: Loan Programs9
- 15.1Lesson 1: FHA25 Minutes
- 15.2Lesson 2: FHA Manual Underwrite30 Minutes
- 15.3Lesson 3: Conventional Loans25 Minutes
- 15.4Lesson 4: VA Loans25 Minutes
- 15.5Lesson 5: DSCR loans30 Minutes
- 15.6Lesson 6: Bank Statement Loans25 Minutes
- 15.7Lesson 7: 1099 Programs25 Minutes
- 15.8Lesson 9: Short Term Rentals30 Minutes
- 15.9Lesson 10: DPA programs25 Minutes
- Module 16: Prospect Sales12
- 16.1Lesson 1: How to get your prospects to send you their documents on the spot?20 Minutes
- 16.2Lesson 2: Overcoming common objections when pre-qualifying a borrower25 Minutes
- 16.3Lesson 3: Overcoming common objections while going over the loan estimate30 Minutes
- 16.4Lesson 4: How to use a conversation to pre-qual someone without them knowing25 Minutes
- 16.5Lesson 5: How to sell your service not rates30 Minutes
- 16.6Lesson 6: How to get someone to commit to working with you25 Minutes
- 16.7Lesson 7: How to get someone to refer you business without closing them yet?20 Minutes
- 16.8Lesson 8: How to talk to a borrower when things don’t go according to plan?30 Minutes
- 16.9Lesson 9: The power of using scripts20 Minutes
- 16.10Lesson 10: How to sell a DSCR loan to investors?25 Minutes
- 16.11Lesson 11: How to sell the bank statement loan program?25 Minutes
- 16.12Lesson 12: How to pitch your services online?30 Minutes
- Module 17: Realtor Sales2
- Module 18: Mindset Training10
- 18.1Lesson 1: Setting short term and long term goals30 Minutes
- 18.2Lesson 2: How to attract money versus chasing clients25 Minutes
- 18.3Lesson 3: How to stay cool when things don’t go according to plan?20 Minutes
- 18.4Lesson 4: Responding vs Reacting20 Minutes
- 18.5Lesson 5: How to be a solution finder not a problem finder?25 Minutes
- 18.6Lesson 6: How to stop worrying about money?20 Minutes
- 18.7Lesson 7: What is your relationship with money?25 Minutes
- 18.8Lesson 8: Consistency is the key?20 Minutes
- 18.9Lesson 9: Accepting that everything is easy20 Minutes
- 18.10Lesson 10: How to work everyday?25 Minutes
Developing a strong work ethic, networking, familiarizing yourself with the brokerage, and paying attention to market trends are crucial. The tools provided by our FEC mentors guarantee that you will succeed in your career.
On average, the salary in the United States is $79,103 as of October 2020. Salary ranges depend on important factors such as education (CE), certifications, and how much you sell/close in a year. Salary as an MLO is based on sales performance. With FEC, you will be guaranteed to make the generated income stated in each of our packages.
Yes. Required CE (Continuing Education) includes a minimum of eight hours of NMLS-approved CE each year. You may also need to complete additional CE hours as required by your individual state.
MLOs usually work for a mortgage broker, mortgage banker, or a financial institution such as a bank or credit union. Our FEC Coaches will provide you with the best positions available in your area.
As technology advances, the Loan Originator world gets more competitive, and with the help of our FEC coaches, success will come your way! Now is a great time to get a head start on your career goals! Let our Millionaire Mentors lead your Fast and Easy Career path.
Becoming a Mortgage Loan Originator with FEC offers many benefits. Our services provide the tools needed to be successful in your career. Please visit our package deals for more information.
The NMLS licensing fee for a mortgage broker in most states is $1,500. Please see state requirements for more details.
There are many benefits to becoming a Mortgage Loan Originator with FEC. As stated in our packages, our services will provide you with the tools needed to be successful in your career. Please visit our package deals for more information.
