Do you want to work in the mortgage industry but don't know what a closing disclosure is? Are you looking to advance in your career by having more specialized knowledge on one of the most important documents in the entire mortgage process?
Anyone who works in the mortgage industry can tell you that you will see a closing disclosure on every loan you do. If you want to work as a loan processor, loan originator, underwriter, closer, or other similar position, you need to know how to read and understand this document. That's why I created an entire course on this specific topic.
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Do you want to work in the mortgage industry but don't know what a closing disclosure is? Are you looking to advance in your career by having more specialized knowledge on one of the most important documents in the entire mortgage process?
Anyone who works in the mortgage industry can tell you that you will see a closing disclosure on every loan you do. If you want to work as a loan processor, loan originator, underwriter, closer, or other similar position, you need to know how to read and understand this document. That's why I created an entire course on this specific topic.
Do you want to work in the mortgage industry but don't know what a closing disclosure is? Are you looking to advance in your career by having more specialized knowledge on one of the most important documents in the entire mortgage process?
Anyone who works in the mortgage industry can tell you that you will see a closing disclosure on every loan you do. If you want to work as a loan processor, loan originator, underwriter, closer, or other similar position, you need to know how to read and understand this document. That's why I created an entire course on this specific topic.
This practical course will go over 10 different examples of a closing disclosure and will break them down in detail so that you can be prepared to do it on your own. By knowing where to find vital information on a CD or closing disclosure such as the loan amount, interest rate, monthly payment, cash to close, and the closing costs, you'll be prepared to answer common questions from borrowers and from potential employers during job interviews.
You can quickly determine if someone is a beginner in the mortgage industry by asking them questions on information found on a CD or closing disclosure. For this reason, you need to take this document seriously and master it by taking this course. Besides that, you'll learn how to read the breakdown of closing costs on page 2 of a CD so that you can immediate figure out if a borrower has escrows or not, if they have to pay loan discount points, how much they are paying in loan origination fees, whether or not the borrower will have a prepayment penalty or not, if they will have a balloon payment, and so much more. I will go over 10 real life closing disclosures and then have you try for yourself. You can always go back and see the lecture to correct any mistakes you make. Finally, you'll have several practice tests so that you can see how you are progressing. These practice tests don't affect your course certificate and are just for your own private education. If you're thinking of starting a career in mortgages and want to get paid well, you need to start and finish this course.
What you will learn & how you'll benefit:
- You'll learn to master the closing disclosure
- You'll become an expert on closing costs
- You'll become familiar with important mortgage terms and definitions
- You'll increase your chances of being hired and will impress potential employers
- You'll Improve your career potential by being more knowledgeable so that you can apply for higher paying positions
What this course includes:
- 10 real life closing disclosure examples explained in detail by the instructor
- 9 "practice" tests
- 6 course "assignments" so that you can get hands-on practice
- 3 downloadable PDF documents to help you in your career and to use during the course
- Access to the course instructor in case you have any questions
Not knowing how to read a closing disclosure is not an excuse. It's up to you to gain this knowledge by taking the time to go over the content included in this course. In less than 2 hours, you'll have the information you need to ace most interview questions on a closing disclosure when applying for a job. The closing disclosure is very complete and includes almost all the information the borrower needs to know about their loan which is why you need to be able to explain it to them in a comprehensive manner. Most experienced mortgage professionals don't know everything on this 5 page document but you can and you will when you finish this course.
Remember, this course will teach you how to read, understand, and master a closing disclosure so that you can master both purchase and refinance transactions on FHA, Conventional, and VA loans.
Once you complete this course, you will have acquired valuable knowledge and a course diploma to show employers when applying for a mortgage position. A course diploma will be available to you when all sections of this course have been completed at 100% which you can save or print and include with your resume. For instructions on downloading your course diploma you can go to: https://support.udemy.com/hc/en-us/articles/229603868-Certificate-of-Completion
Your instructor
Joseph Correa is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans, he has the knowledge to help you become a success. In the past, he has also owned a correspondent lender business and invested in real estate as well.
This course is more advanced so if you haven't taken my "Become a Mortgage Loan Processor" course, I would suggest you start with that one first but you are welcome to start with this course and then move on to that one.
What's inside
Learning objectives
- You will learn how to review and understand a closing disclosure.
- You will learn how to complete a closing disclosure so you can master this document.
- You will learn what a cd is and why this is such an important loan document as a loan processor, loan originator, or mortgage underwriter.
- You will become much more familiar with all the costs associated with a loan and when the borrowers closing costs will vary.
- You will learn what a closing disclosure is.
- You will become an expert at understanding closing costs and the final terms of a loan.
- You will review and master 10 examples of instructor-explained closing disclosures
- You will learn how to review and understand a closing disclosure.
- You will learn how to complete a closing disclosure so you can master this document.
- You will learn what a cd is and why this is such an important loan document as a loan processor, loan originator, or mortgage underwriter.
- You will become much more familiar with all the costs associated with a loan and when the borrowers closing costs will vary.
- You will learn what a closing disclosure is.
- You will become an expert at understanding closing costs and the final terms of a loan.
- You will review and master 10 examples of instructor-explained closing disclosures
Syllabus
In this section, you'll learn the fundamentals of a closing disclosure and will go over your first example.
Course structure
How will you benefit from taking this course
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Syllabus
This quiz will test your knowledge of the content learned in the first example of a closing disclosure. This will help you understand what you need to focus on when going over a closing disclosure and will help you master the loan process.
Complete this course quiz to find out how much you have learned. Its very short and simple.
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Reviews summary
Mastering the mortgage closing disclosure document
Short duration packs essential information.
Knowledgeable instructor simplifies complex content.
Helps prepare for jobs and advance careers.
Real-life examples make complex topics easy.
Activities
Review Key Mortgage Terminology
Show steps
Strengthen your understanding of fundamental mortgage terms to better grasp the concepts presented in the course.
Show steps
-
Identify key mortgage terms related to closing disclosures.
-
Define each term and provide examples of its usage.
-
Create flashcards or a glossary for quick reference.
Read 'The Book on Closing Costs' by Great Jones
Show steps
Expand your knowledge of closing costs by reading a book dedicated to the topic.
View
Transport in the South West
on Amazon
Show steps
-
Obtain a copy of 'The Book on Closing Costs'.
-
Read the book, focusing on sections related to closing disclosures.
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Take notes on key concepts and examples.
Analyze Sample Closing Disclosures
Show steps
Reinforce your understanding by analyzing additional closing disclosure examples beyond those provided in the course.
Show steps
-
Find sample closing disclosures online or from industry contacts.
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Review each section of the disclosure, identifying key information.
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Compare and contrast different disclosures, noting variations.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Create a Closing Disclosure Cheat Sheet
Show steps
Solidify your understanding by creating a concise cheat sheet summarizing key information on a closing disclosure.
Show steps
-
Identify the most important elements of a closing disclosure.
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Summarize each element in a clear and concise manner.
-
Organize the information into a visually appealing cheat sheet.
Review 'Mastering the Mortgage Process' by Rick Roque
Show steps
Gain a broader understanding of the mortgage process by reviewing a comprehensive guide.
View
Alter Ego: A Novel
on Amazon
Show steps
-
Obtain a copy of 'Mastering the Mortgage Process'.
-
Read the book, focusing on sections related to closing and compliance.
-
Take notes on key concepts and industry best practices.
Tutor New Loan Processors
Show steps
Reinforce your knowledge by mentoring new loan processors on how to read and understand closing disclosures.
Show steps
-
Offer to tutor new loan processors or colleagues.
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Explain the different sections of a closing disclosure.
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Answer questions and provide guidance on common issues.
Create a Mock Closing Disclosure Training Program
Show steps
Deepen your understanding by designing a training program for others on how to master the closing disclosure.
Show steps
-
Outline the key topics to cover in the training program.
-
Develop training materials, including presentations and exercises.
-
Present the training program to colleagues or industry contacts.
Review Key Mortgage Terminology
Show steps
Strengthen your understanding of fundamental mortgage terms to better grasp the concepts presented in the course.
Show steps
- Identify key mortgage terms related to closing disclosures.
- Define each term and provide examples of its usage.
- Create flashcards or a glossary for quick reference.
Read 'The Book on Closing Costs' by Great Jones
Show steps
Expand your knowledge of closing costs by reading a book dedicated to the topic.
View
Transport in the South West
on Amazon
Show steps
- Obtain a copy of 'The Book on Closing Costs'.
- Read the book, focusing on sections related to closing disclosures.
- Take notes on key concepts and examples.
Analyze Sample Closing Disclosures
Show steps
Reinforce your understanding by analyzing additional closing disclosure examples beyond those provided in the course.
Show steps
- Find sample closing disclosures online or from industry contacts.
- Review each section of the disclosure, identifying key information.
- Compare and contrast different disclosures, noting variations.
Create a Closing Disclosure Cheat Sheet
Show steps
Solidify your understanding by creating a concise cheat sheet summarizing key information on a closing disclosure.
Show steps
- Identify the most important elements of a closing disclosure.
- Summarize each element in a clear and concise manner.
- Organize the information into a visually appealing cheat sheet.
Review 'Mastering the Mortgage Process' by Rick Roque
Show steps
Gain a broader understanding of the mortgage process by reviewing a comprehensive guide.
View
Alter Ego: A Novel
on Amazon
Show steps
- Obtain a copy of 'Mastering the Mortgage Process'.
- Read the book, focusing on sections related to closing and compliance.
- Take notes on key concepts and industry best practices.
Tutor New Loan Processors
Show steps
Reinforce your knowledge by mentoring new loan processors on how to read and understand closing disclosures.
Show steps
- Offer to tutor new loan processors or colleagues.
- Explain the different sections of a closing disclosure.
- Answer questions and provide guidance on common issues.
Create a Mock Closing Disclosure Training Program
Show steps
Deepen your understanding by designing a training program for others on how to master the closing disclosure.
Show steps
- Outline the key topics to cover in the training program.
- Develop training materials, including presentations and exercises.
- Present the training program to colleagues or industry contacts.
Career center
Loan Processor
Mortgage Loan Originator
Mortgage Closer
Mortgage Underwriter
Real Estate Paralegal
Real Estate Agent
Compliance Officer
Credit Analyst
Financial Advisor
Auditor
Title Officer
Escrow Officer
Bank Teller
Customer Service Representative
Data Entry Clerk
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