Before you pay for training...
Training can be an expensive investment for companies and individuals alike. While we provide unique and affordable solutions, particularly with our textbook and loan officer training, as a consumer there are some things to consider:
- Be wary of for profit "career training" - these companies make money from your lack of knowledge of the business, selling you expensive programs and offering job placement. You can often do the same thing yourself for no-cost.
- Be wary of "Certifications" - there are very few actual recognized certifications you receive from training (only offered by government agencies, and very specialized). This is a deceptive marketing practice.
- The most important training you'll receive actually comes from knowing how your employer does business like 1.) loan program training, 2.) Loan Origination Software (LOS) training, and 3.) company policies and procedures. Knowing what the company requires can help you get a job.
Here's an article on how to structure no-cost training courses for yourself and your company using commonly available training developed by mortgage industry leaders. Click here to access the article.
No-Cost Training Sources
New - USDA Complete Program Training
Housing Counselor Training - take the Housing Counselor Course for no-cost and receive a certification!
MountainWest Mortgage - Topics for mortgage originators and companies
Crescent Mortgage - An example of a training center compiled from no-cost No-Costsources
Franklin Mortgage Corporation - A complete suite of customer training courses. They also pull from other sources.
New Penn Training - Lots of topics, Conventional, Compliance and FHA
Ditech Training - Another Lender Library of Training Programs, including a new processor training class
Essent Guaranty Training - Fraud, Tax Return Analysis, Appraisal Review, Rental Income
HUD Training Events (This page's location changes a lot - let us know if there's a broken link)
Genworth Mortgage Insurance Training - Fraud, Underwriting, Appraisals, Tax Returns, Self-Employment
MGIC Mortgage Insurance - Income and Asset Evaluation, Marketing Strategies, others
Radian Guaranty - Many webinars - click here to view "pre-recorded" seminars
ARCH MI - Processor, Appraisal, Self-Employment, Marketing, Fraud, Tax Return Review
State Laws
Housing Counselor Training - take the Housing Counselor Course for no-cost and receive a certification!
MountainWest Mortgage - Topics for mortgage originators and companies
Crescent Mortgage - An example of a training center compiled from no-cost No-Costsources
Franklin Mortgage Corporation - A complete suite of customer training courses. They also pull from other sources.
New Penn Training - Lots of topics, Conventional, Compliance and FHA
Ditech Training - Another Lender Library of Training Programs, including a new processor training class
Essent Guaranty Training - Fraud, Tax Return Analysis, Appraisal Review, Rental Income
HUD Training Events (This page's location changes a lot - let us know if there's a broken link)
Genworth Mortgage Insurance Training - Fraud, Underwriting, Appraisals, Tax Returns, Self-Employment
MGIC Mortgage Insurance - Income and Asset Evaluation, Marketing Strategies, others
Radian Guaranty - Many webinars - click here to view "pre-recorded" seminars
ARCH MI - Processor, Appraisal, Self-Employment, Marketing, Fraud, Tax Return Review
State Laws
No Cost Training Resources
| regulatory_compliance_matrix_3-17.pdf |
| Mortgage Terminology |
| pre-application_kit.doc |
| Super Pre-Qualification Sheet with Script |
| Pre-Qualification Needs Analysis Closing Script |
Test Prep Resources
Other No-Cost Training Options we have found for you
FHA Training
FHA Training