Principles of Mortgage Finance


(Conventional Loan Training)

Your Instructor:

Kathy Lewis
Founder & President of Capstone Institute
America’s first mortgage training school, established in 1986

Online self paced,  video training with narrated powerpoint presentation.
Your online presentation , training technical manual and case studies are fully synchronized.

You and Kathy are always on the same page. Kathy guarantees it.


Course includes:

* Printed and online training manual
* Printed case study exercises to strengthen your skills
* 7/24 online access for 90 days

* If you ever need to ask a question during or after your training just
  call 888-254-3431 or send your questions to: or

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Product Description

Loan Officer Training
Designed For New Originators WIthout Previous Experience

Essential Training For All Conforming Loan Originators

In the mortgage industry your training never ends; its continuous because our industry is ever changing. Legislative and loan program changes are continuous. One month you can do this and the next month you can't

Whether you're planning on working for a bank or a lender or a broker your initial training is going to make the difference in your level of success.

This 12 hour online, self paced video training with testing covers all the essential subjects and topics you'll need to master within your first 90 days of employment.

If you've completed your SAFE Act pre-licensing testing you can now get excited because now you're going to learn how to do your job and how to do it the right way.

If you're a Bank employee you're also in for a treat because after this training you'll be equal in mortgage knowledge than those who've had to take the NMLS training.


Technical manual with case studies that guide you through how to effectively perform your duties and responsibilities as a mortgage loan originator. How to calculate any required mortgage formula without using any mortgage software.

Full instructor support during and after training.

    What This training Covers

    Principles of Mortgage Finance (13 Hours)

    As a loan originator you should know how to calculate every computation on the Loan Estimate and Fees Worksheet without the assistance of any mortgage software.

    That's right ! This training will instruct you on how to calculate all the numbers with a basic financial calculator.

    Explanation of Mortgage Programs
    Federal Regulations and Compliance Overview
    Calculating PITI By Hand
    Reviewing the Credit Report
    Qualifying Ratios
    Reviewing the Credit Report
    Explanation of Prepaid Finance Charges (PFCs)
    Preparing a Fees Worksheet
    Preparing Loan Estimate
    Prepaid Escrow & Taxes
    Calculating PITI By Hand
    Taking a Detailed Loan Application
    Acceptable Income and Assets
    Required Documentation
    Refinance Transactions

      You got to know what is what! A reverse mortgage is not paid out in reverse

      Section # 2: Terms and Definitions

      Knowing and understanding your mortgage terms and definitions is as important as know how to calculate a loan payment.

      This section is a self studying section without narration and soon will have its own testing section.

      From acceleration clauses and add on interest to waiver of lien and warranty deeds you'll have the information to understand what subject ,conditions and limitations your borrower's loan will have to meet.

        Federal Reserve
        Loans Failing Compliance Never Close

        Section 3: Detailed Review of Federal Regulations & Compliance

        Under our new system of mortgage regulations; meant to protect our consumers; you'll find a maze of overlapping regulations and requirements.

        This section will assist loan originators in clearly showing you:

        * What your responsibilities are
        * When you must comply
        * How to stay in compliance.

          Fannie Mae - Freddie Mac - Ginnie Mae, Fixed rate and non-traditional loan types.

          Section 4: Conventional Loan Programs & Non-Traditional Loan Types


          Standard 15-2- 30 year fixed programs
          Use of CHARMS Booklet
          Maximum Loan to Value
          Maximum Seller Contributions
          Adjustable Rate
          Construction Perms
          Reverse Mortgages
          Second Mortgage
          Other historical and present day programs

            Put your HP12C into action.

            Section 5: How to do all the math without any mortgage softeware

            Put your HP12C into action. Your borrowers have chosen what type of loan they want; so now lets do the math to see if they can qualify. WIthout accessing any mortgage software you're going to learn how to read rate sheets and calculate:

            Reading Private mortgage Insurance Rates Sheets
            Calculating PMI
            Principal and Interest Payment
            Hazard Insurance
            Completing the Loan Estimate
            Fees that do and don't affect "APR"
            Fees worksheet
            Property Taxes
            Flood Insurance
            Origination Charges -
            Services your borrower can & can't shop for
            Total Cash Required To Close
            Home Loan Tool Kit

            Now that you understand the math , we'll cover pre-qualifying the borrower and how to take a correct loan application, Including:

            Basic Fannie Mae Underwriting Guidelines
            Borrower Income and Assets
            Debt to Income Ratios
            Loan-To-Value Requirements
            Cash Required to Close
            Required Borrower Documentation

              Fha Loan Processing Training
              Interviewing your borrower correctly during the application process is absolutely essential

              Section #6: Guidelines For Taking A Detailed Loan Application

              It takes time to properly and thoroughly complete a mortgage loan application. However, the extra time spent "UPFRONT" results in speedier processing and approval later on.

              A properly completed application also means less surprises for you and your processor. Asking all the right questions and determining the the required documentation does results in speedier approvals - with little or no conditions.

                Man working at office
                Taking quick application and expecting the processor to do everything only results in chaos.

                Section #7: Loan Originator Duties & Responsibilities For Assisting In Speedier Loan Processing

                This is a review of conventional loan processing requirements and why originator's need to understand the importance of submitting complete loan applications with all the required documentation the first time.

                This section emphasises why it's absolutely essential for every originator to understand how loans are processed, their documentation required, and how underwriters look at the risk in determining approval or denial of a loan file.


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