Your Home Loan Tool Kit

When:  May 24, 2018 from 02:00:00 PM to 05:00:00 PM (ET)
Your Home Loan Tool Kit
ORRA Member Pricing: $10
Instructor: Grant Simon 

The Consumer Financial Protection Bureau (CFPB) has issued a 26 page booklet entitled "Your Home Loan tool Kit." Understanding this tool kit is essential for REALTORS® to fully comprehend the impact of the TILA-RESPA guidelines. 

This 3 hour course will show you how to use the tool kit to make appropriate calculation, become more productive and professional with regard to TILA-RESPA and enable you to speak with authority to clients regarding the nuances of the new disclosure and closing process. 

What you will learn:
• Identify the most important steps a consumer should make before buying a home
• List the components of a monthly payment
• Learn what affects a consumer's loan qualification
• Explain front and back ratios to a borrower
• List what comprises and impacts credit scores
• State why a fixed rate mortgage may be desirable
• Identify risky loan features
• State down payment alterations
• Explain zero point loans
• Understand why a consumer may want to compare lenders
• Understand title insurance 
• Explain what to do if a consumer gets behind on their mortgage. 


ATTENDANCE POLICY
1. CE credit will not be awarded if arrival and check-in are not complete by 2:15 p.m. No exceptions. Please allow adequate commute time. 
2. Check in with ORRA staff and sign morning and afternoon attendance sheets.
3. FREC requires a licensee attend 90% of each of the classroom hours. Physical attendance is required for the duration of class. 
4. Electronic note-taking is permitted on silent devices, only. Cell phone use is permitted during designated breaks.  

CANCELLATION/NO-SHOWS
Cancellations not received within two (2) days prior to class start time will result in the forfeiture of the registration fee. Cancellations can be made through ORRA’s Professional Development Department at 407.513.7268 or email at education@orlandorealtors.org

Location

1330 Lee Road
Orlando, FL 32810