1) This offer for NEW students ONLY. This is the same course we offered in 2017. PLEASE do NOT register for this if you
did CE with Jim Montrym in 2017. We will make this same offer for our NEW 2018 course for whose who took CE with us in 2017.
2) Applies to online self study only. 3) MUST complete and pay for the course by May 31, 2018 – NO EXTENSION OR EXEMPTION.
To Watch the Course go to: learning.brokerschool.com
email: email@example.com Jim Montrym’s cell: 8139287736
Mortgage Loan Originators:
If you DO NOT like it then you simply turn it off and go with a competitor.
If you DO like my teaching style but do NOT like the format you can
register for our LIVE classroom or LIVE webinar.
If you like the course and the format then you simply complete the
course and PAY AT THE END in order for your
Course Credit to be reported NMLS.
Jim Montrym’s National MLO School is offering our Continuing Education
ONLINE SELF STUDY video course for you to preview at NO CHARGE.
(This fee INCLUDES: the course, reporting fee to NMLS and the Completion
Certificate). NO EX TEN TION will be given on this price. Provider ID: 1400075
Watch, Complete & Pay for the course by May 31, 2018 and
PAY ONLY $75
AE Online Self Study AE Webinar AE Live Class
Annual CE Can be Fun, Entertaining
Are you tired of courses that are
one, and often all, of the following:
“One reason underwriters constantly ask for
more information is that they often receive
Put the pieces together
Underwriting a loan is like putting
together a puzzle. Each piece plays a
significant part in completing the process. Understanding the role of underwriting and how underwriters review
and approve loans will ensure you have
all of your pieces in line when presenting a borrower’s loan file to underwriting, which will make you a better loan
Look for ways to have a smooth trans-
action for your borrower by addressing
issues before conditions arise and kill
the file. Set a goal on each loan you
submit to underwriting that it should
go straight to closing with no, or very
limited, prior conditions attached.
If you like working with Veterans
Affairs (VA) loans or U.S. Department of
Agriculture (USDA) loans, for example,
company (or at your lender) who works
on those loans and ask that person
how you can originate better VA or
USDA loans to make sure your files get
approved with fewer conditions.
Some originators will battle with
underwriters, perhaps fighting for their
borrowers over some underwriting
condition they feel is ridiculous in an
effort to get it waived. What ends up
happening more often than not is these
originators spend two days trying to
get that condition waived and find they
need to obtain the documentation
anyway. Save the two-day headache
and get the paper trail on that $600
deposit. Then, learn from that situation.
Next time, you will be prepared by getting what you need to clear that condition from the start.
It also is important to be patient with
the underwriting department when
submitting loan conditions. One reason
underwriters constantly ask for more information is that they often receive documents piecemeal. Learn from this and
send all the documents at once so the
underwriter’s touches-per-file go down.
Lowering the touches will ultimately
speed up the process and get your borrowers to the closing table faster.
To make this happen, set expectations upfront with your borrowers and
real estate agents. Let them know that
your goal is to make the process as
smooth and stress-free as possible
from start to finish. When working on
a purchase transaction, if you need to
get the real estate agent involved to
help gather documents to clear those
underwriting conditions and thus meet
your closing date, do not hesitate to do
Finally, don’t get mad or upset with
your underwriters. They are only doing
their job, which is looking out for the
well-being and best interests of you,
the borrower, themselves, the company and the company’s investors.
When dealing with underwriting, it’s
always better to get educated instead
of upset. The more you learn about
the conditions underwriters can attach
to your files, as well as the documents
you need to clear those conditions, the
better an originator you will become.
Submitting files to underwriting with
numerous pieces of the puzzle missing
will only slow down the entire process.
Do not be the wrench in the machine.
Instead, work with underwriters to
ensure a smooth and stress-free underwriting process for your borrowers. ■
<< Underwriters continued from Page 82