Loan Officer Boot Camp

Instructor: Doug Vairo

Duration: Self-Paced

Certification: Emailed Upon Completion
State: New York

Price: $395

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Course Overview

In this business, you either learn fast or you’re toast. This course is designed to give you a BIG head start understanding the concepts as well as the important formulas needed to do your calculations for qualifying your borrowers.

Doug Vairo’s Boot Camp course may take you as little as 10 to 15 hours to complete or as long as a few months. You go at your pace and retrace your steps as you go along whenever you feel the need.

Course Content

Course Content

Introduction
Lesson Content
Understanding Rate Sheets
Overview of Mortgage Lending
Loan to Value Calculations (LTV) Explained
Loan to Value Calculations (LTV) Using a Calculator on your own
Loan to Value Calculations (LTV) Using a Calculator with the Instructor
Debt to Income Calculations (DTI) Explained
Debt to Income Calculations (DTI) for you to Work on Alone
Debt to Income Calculations (DTI) Answer Key Worked Out With Instructor
Income Calculations
Commission Income- Like a Real Estate Agent
Points (Permanent And Temporary Discount Points)
Example of a Loan Sold on Secondary Market with UP FRONT & BACK END points
Mortgage Pricing
The "1003" Loan Application-Uniform Residential Loan App
Reading A Credit Report
If It’s Not a FICO Score, It’s a FAKE-O Score!
Loan Disclosure-Was GFE (Good Faith Estimate)
Closing Disclosure-Was HUD 1 (Balance Sheet) Used at Closings
Appraisals
ARMs-Adjustable Rate Mortgages
ARMs (Adjustable Rate Mortgages-AKA / Variable Rate Mortgages) Overview
Title Report Overview
FHA & Conventional Mortgages
Reverse Mortgages Overview
The Mortgage Process from A to Z
The Mortgage Process from A to Z

Course Instructor

Doug Vairo

Director, NYSORE

Doug Vairo is the Director of New York School of Real Estate. Since 1998 Doug Vairo, has trained thousands of loan officers and real estate agents around the country. Doug has trained for companies such as, Countrywide, Capital One, Wells Fargo, Morgan Stanley, Exit Realty, Brooklyn Real Property, Staten Island Board of Realtors, Bronx Board of Realtors, Brooklyn Board of Realtors and countless other organizations. Fast forward 20 years to the New York School of Real Estate. The training school was opened as a result of the many positive testimonials received over the years. Doug has been called an ‘Entertrainer” by many students. He weaves fun and learning into a great experience. Doug has authored “Credit Smart”, sold on Amazon as well as a full blown “Loan Officer Training Boot Camp”.