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We hold the Key to your Mortgage Career!!

We are Building a Community of Mortgage Professionals

Online Learning

We hold the Key to your Mortgage Career!!

We are Building a Community of Mortgage Professionals

Online Learning

About Us

Services-Training-Consulting

Expert Mortgage Advisors is a leading mortgage operations education company offering comprehensive training to individuals, companies, and aspiring professionals in the mortgage industry. With a wealth of experience spanning over 40 years, we are dedicated to delivering excellence in our services. Our primary focus is on coaching mortgage operations professionals to collaborate effectively with loan originators, ensuring a smooth and seamless flow of mortgage loans from origination to closing.

At Expert Mortgage Advisors, we understand the importance of personalized training, which is why we offer face-to-face classes through popular platforms such as Zoom, Teams, and Google Meet. This interactive approach allows students to engage directly with their instructors, fostering a conducive learning environment. Join us today and contribute your excellence to an industry that greatly values your skills!

In addition to our comprehensive training programs, Expert Mortgage Advisors also provides consulting services to new mortgage companies and mortgage brokers, assisting them in efficiently manufacturing mortgage loans within the current economic and environmental landscape. We understand the challenges that arise in the ever-evolving mortgage industry, and our expert consultants offer valuable insights and strategies to optimize loan production processes. Whether it's navigating regulatory requirements, streamlining operations, or adapting to market dynamics, our consulting services empower mortgage companies and brokers to thrive in the present economy while delivering exceptional service to their clients.

First-Rate Curriculum

Whether you're a novice, seasoned professional, or somewhere in between, our range of top-notch mortgage education courses is tailored to meet your needs and propel you forward in the industry. No matter where you currently stand, we have comprehensive training options that will equip you with the knowledge and skills necessary for your next career milestone. Don't hesitate - take advantage of our offerings and embark on your journey to success today!

Commitment to Excellence

At our core, we are driven by a singular brand goal: to foster a culture of excellence that extends beyond the confines of the classroom. We firmly believe in equipping individuals, mortgage professionals, and companies with the knowledge and skills necessary to thrive in the mortgage industry. Through our training programs, we not only encourage critical thinking but also prioritize the learning process over mere memorization. Additionally, our commitment extends to offering expert consultation services to mortgage professionals, companies, and individual loan officers. Specifically, we assist them in promptly determining the prequalification status of potential homebuyers using high interest rates. With our comprehensive approach, you can confidently enter the mortgage industry fully prepared for success.

Exciting News!!!!

Experience a competitive edge in the mortgage loan process with our comprehensive resources on interpreting AUS findings. Our business specializes in providing loan officers and heads of sales with the knowledge and insights needed to effectively navigate and understand AUS findings such as DU, LP, and GUS (USDA). By staying one step ahead of underwriting, you'll significantly increase the likelihood of a seamless mortgage loan process without any unexpected obstacles. Trust in our expertise to equip you with the tools to excel in your field and ensure a smooth path to successful loan approvals.

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Services-Training Courses

Processing Training

n the context of mortgage processing training, our processing class comprises a series of steps that must be followed systematically to ensure an efficient and effective training program for mortgage professionals.

Mortgage processing training is a specialized form of training designed to equip individuals with the knowledge, skills, and expertise required to handle the complex process of mortgage loan applications and approvals. The training program focuses on developing proficiency in various areas such as loan documentation, financial analysis, credit evaluation, underwriting guidelines, and regulatory compliance.

The systematic nature of the training ensures that participants progress through each step in a logical sequence, building a solid foundation of understanding and competence. The training begins with an introduction to the mortgage industry, including an overview of its key players, terminology, and regulations. Participants then move on to learning about the different types of mortgage loans, the application process, and the required documentation.

Throughout the training program, participants are provided with practical exercises and case studies to apply their knowledge and skills in real-life scenarios. They learn how to analyze financial documents, assess borrower creditworthiness, calculate loan-to-value ratios, review appraisals, and identify potential risks. Additionally, they become familiar with various software applications and tools commonly used in mortgage processing.

A significant aspect of mortgage processing training is understanding the importance of compliance with industry regulations and guidelines. Participants are educated on the legal and ethical responsibilities involved in mortgage lending, including fair lending practices, anti-money laundering measures, and consumer protection laws.

By following the systematic steps in our processing class, participants acquire the necessary competencies to excel in the mortgage processing field. They develop the ability to efficiently navigate through the complexities of loan processing, ensuring accuracy, timeliness, and adherence to regulatory requirements. Ultimately, this comprehensive training program prepares individuals to effectively contribute to the mortgage industry and support the smooth flow of loan applications and approvals.

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Basic Underwriting Training

The curriculum of our Mortgage Underwriting Training Class includes the following key areas:

Credit Review: Participants learn how to assess and evaluate the creditworthiness of loan applicants. They understand the importance of credit scores, credit history, and how to analyze credit reports to make informed underwriting decisions.
Income Analysis: This section focuses on income assessment, including various types of income sources and the specific guidelines for each. The training covers employment income, self-employed income, rental income, and other forms of income commonly encountered in mortgage underwriting.
Assets Overview: Participants gain a comprehensive understanding of asset documentation and verification. They learn how to evaluate a borrower's assets, including bank statements, investment accounts, and other financial holdings, to ensure they meet the necessary requirements for loan approval.
Appraisal Review: This portion of the training teaches participants how to review and interpret property appraisals. They learn to assess the accuracy and validity of appraisals, identify potential red flags, and understand the impact of property valuation on loan decisions.
Title Commitment: Participants are introduced to the importance of title commitment in mortgage underwriting. They learn how to review title reports, identify any encumbrances or issues, and ensure the title is clear and marketable.
AUS (Automated Underwriting Systems): The training covers the use of automated underwriting systems, such as Desktop Underwriter (DU) and Loan Prospector (LP). Participants learn how to input borrower information, interpret the system's findings, and make appropriate underwriting decisions based on the results.
Application of Common Sense: In addition to technical knowledge, our course emphasizes the importance of applying common sense within the mortgage industry. Participants learn how to assess complex loan scenarios, exercise judgment, and make prudent underwriting decisions based on their understanding of industry best practices.

Throughout the training, participants engage in practical exercises, case studies, and interactive discussions to enhance their learning experience. They also receive guidance on how to effectively close loans while maintaining exceptional quality and attention to detail.

By completing our Mortgage Underwriting Training Class, participants are equipped with the skills and expertise needed to excel in the mortgage underwriting field. They become proficient in assessing creditworthiness, analyzing income and assets, reviewing appraisals and title commitments, utilizing automated underwriting systems, and applying common sense to make sound underwriting decisions.

Mortgage Closing Training

Our Mortgage Closing Training Course is designed to equip closers with the necessary skills and knowledge to effectively handle the final stages of the mortgage loan process. This comprehensive training program focuses on key aspects of mortgage closing, ensuring that closers can meticulously review all paperwork, adhere to state and federal regulations, and facilitate a smooth loan funding process.

The curriculum of our Mortgage Closing Training Course includes the following essential components:

Document Review: Closers learn how to meticulously review all loan documentation to ensure accuracy and completeness. They understand the importance of verifying information such as borrower identities, property details, loan terms, and financial data. Closers are trained to identify any discrepancies or missing information that could impact the loan closing process.
Compliance and Regulations: Our training program emphasizes the significance of adhering to state and federal regulations throughout the closing process. Closers are taught the specific legal requirements and guidelines related to mortgage closing, including disclosure documents, privacy regulations, anti-discrimination laws, and consumer protection measures.
Coordination with Title Company: Closers play a crucial role in coordinating the closing schedule with the title company. They learn effective communication techniques to ensure a seamless closing process. Closers also provide the title company with a settlement document for review and approval, ensuring alignment with the loan terms and conditions.
Accuracy and Quality: Our course emphasizes the importance of accuracy in the closing process. Closers are trained to meticulously organize and validate the collected data, minimizing errors and discrepancies. By prioritizing accuracy, closers contribute to reducing the need for post-closing corrections (cures), ultimately alleviating financial burdens and deficits for their employers.

Throughout the training program, closers engage in practical exercises, case studies, and simulations to apply their knowledge in real-world scenarios. They develop strong attention to detail and problem-solving skills to effectively address any issues that may arise during the closing process.

By completing our Mortgage Closing Training Course, closers are equipped with the expertise to ensure that all necessary paperwork is accurately reviewed, compliant with regulations, and on track for loan funding. They understand the importance of coordination with the title company and providing settlement documents for approval. Ultimately, closers who have undergone our training contribute to a seamless and efficient mortgage closing process, benefitting both borrowers and lending institutions.

Pre-Closing Training

Our Pre-Closing Training Program focuses on developing the skills and knowledge of our staff to efficiently handle various duties related to the pre-closing phase. Participants in this training program receive comprehensive instruction to carry out the following responsibilities:

Entering Fees and Costs: Pre-closers are trained to accurately enter all fees and costs required to complete the preliminary HUD (Housing and Urban Development) statement. This involves meticulous attention to detail to ensure that all financial information is accurately recorded, reflecting the expenses associated with the loan transaction.
Sending Preliminary Escrow Documents: Pre-closers learn how to compile and send preliminary escrow documents to the lender or servicing department. This entails organizing and verifying the necessary paperwork, ensuring that it is properly formatted and securely transmitted to the appropriate parties involved in the loan process.
Knowledge Base Expansion: Our training program emphasizes the importance of continuous learning and growth. Pre-closers are encouraged to actively engage in activities that expand their knowledge base. By taking advantage of educational resources and seeking opportunities for professional development, pre-closers can enhance their skills and broaden their understanding of the mortgage industry. This emphasis on growth prepares them for potential advancement to the position of a closer in the future.

Throughout the training program, participants engage in hands-on exercises, practical assignments, and ongoing mentorship to reinforce their learning and skill development. They receive guidance on best practices, industry regulations, and the use of relevant software or systems to carry out their duties effectively.

By completing our Pre-Closing Training Program, staff members gain the necessary proficiency to perform their duties with accuracy and efficiency. They are equipped to enter fees and costs, send escrow documents, and contribute to the smooth flow of the pre-closing process. Additionally, by actively expanding their knowledge base, pre-closers are positioned to advance their careers and pursue opportunities for growth within the organization.

MORTGAGE CONSULTING SERVICES

Expert Mortgage Advisors offer comprehensive mortgage consulting services aimed at providing clients with expert guidance and support throughout the mortgage process. Our team of experienced advisors specializes in navigating the complexities of the mortgage industry and helping clients make informed decisions. Our consulting services include:

Mortgage Options Evaluation: Our advisors thoroughly assess the unique financial circumstances and goals of each client. They evaluate various mortgage options available in the market and provide personalized recommendations based on factors such as interest rates, loan terms, down payment requirements, and eligibility criteria.
Pre-Qualification Assistance: We assist clients in obtaining pre-qualification letters from lenders. Our advisors review their financial documents, credit history, and income information to determine the loan amount for which they may qualify. This helps clients understand their budget and enhances their bargaining power when making offers on properties.
Mortgage Application Guidance: Our advisors guide clients through the entire mortgage application process. They assist in completing the necessary paperwork, gathering supporting documentation, and ensuring accuracy and completeness to improve the chances of approval.
Rate Negotiation: Our team closely monitors the mortgage market and negotiates with lenders on behalf of clients to secure competitive interest rates. We leverage our industry expertise and relationships to find favorable terms that align with our clients' financial goals.
Mortgage Program Education: We educate clients about the different types of mortgage programs available, such as fixed-rate mortgages, adjustable-rate mortgages, FHA loans, VA loans, and jumbo loans. Our advisors explain the features, benefits, and potential risks associated with each program, helping clients make well-informed decisions.
Mortgage Refinancing Assistance: For clients interested in refinancing their existing mortgages, our advisors offer guidance on the refinancing process. They evaluate the potential benefits, such as obtaining a lower interest rate, reducing monthly payments, or accessing equity, and assist in navigating the necessary paperwork and negotiations.
Credit Improvement Strategies: Our advisors provide insights and strategies to help clients improve their credit profiles, potentially qualifying them for better loan terms. They review credit reports, identify areas for improvement, and suggest actions to enhance creditworthiness, such as paying down debts or resolving any errors on credit reports.
Post-Closing Support: Even after the mortgage is closed, our consulting services continue. We remain available to address any questions or concerns that may arise, providing ongoing support to ensure our clients have a smooth and successful homeownership experience.

By leveraging our expertise, industry knowledge, and personalized approach, Expert Mortgage Advisors strive to empower clients to make well-informed decisions regarding their mortgage financing. We aim to simplify the process, save clients time and money, and help them secure the best possible mortgage terms tailored to their specific needs and financial goals.

Underwriters FAQ's

This section is dedicated to answering scenario-based questions in a detailed manner. We understand that scenarios present unique situations that require thoughtful analysis and tailored responses. Our team of experts is equipped to handle a wide range of scenarios related to mortgages, providing in-depth explanations, recommendations, and solutions. Whether it's a hypothetical situation or a real-life scenario, we meticulously consider the details provided and offer comprehensive insights based on our extensive knowledge and experience in the mortgage industry. Our goal is to address each scenario question with utmost clarity, providing a thorough understanding of the factors involved, potential outcomes, and actionable steps to navigate the given situation effectively. With our detailed approach, we aim to ensure that clients and users receive the most accurate and comprehensive information to make informed decisions.

About Us

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We are Building a Community of Mortgage Professionals

We are Building a Community of Mortgage Professionals

About Us

Services-Training-Consulting

First-Rate Curriculum

Commitment to Excellence

Exciting News!!!!

Grab interest

The 7 "c's"

Services-Training Courses

Processing Training

Basic Underwriting Training

Mortgage Closing Training

Pre-Closing Training

MORTGAGE CONSULTING SERVICES

Underwriters FAQ's

Events

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About Us

Grab interest

Get a salary that will give you satisfaction

Getting the Career You Deserve

Getting the Career You Deserve

Get a salary that will give you satisfaction

Getting the Career You Deserve

Get a salary that will give you satisfaction

Get a salary that will give you satisfaction

Get a salary that will give you satisfaction

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let us help you obtain your career goals!!!!

We are Building a Community of Mortgage Professionals

We are Building a Community of Mortgage Professionals

About Us

Services-Training-Consulting

First-Rate Curriculum

Commitment to Excellence

Exciting News!!!!

Grab interest

The 7 "c's"

Services-Training Courses

Processing Training

Basic Underwriting Training

Mortgage Closing Training

Pre-Closing Training

MORTGAGE CONSULTING SERVICES

Underwriters FAQ's

Events

No upcoming events.

About Us

Grab interest

Get a salary that will give you satisfaction

Getting the Career You Deserve

Getting the Career You Deserve

Get a salary that will give you satisfaction

Getting the Career You Deserve

Get a salary that will give you satisfaction

Get a salary that will give you satisfaction

Get a salary that will give you satisfaction

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