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IL Mortgage Originator 6-hr Pack-4
6 hours of Illinois Mortgage Originator Continuing Education
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The package include the following courses:
Real Estate Appraisal: In order to own and convey property in a market economy it is necessary for that property to be assigned a specific monetary value. This process, unlike, say, that of assigning value to durable goods—which have specific materials, production and marketing costs—can be somewhat more involved. With property, the fixed costs—building materials and labor costs—are always accompanied by more esoteric factors that go to make property more (or less) valuable. Becoming a member of the group that understands and applies these factors is a bit more complex than simply being able to understand a balance sheet. The objective of this course is to familiarize the student with the principles, theories, duties and activities that pertain to real estate appraisal and valuation. Developing an opinion of value is what the real estate appraiser does, but, as we’ve alluded to, this is far from an effortless process. Understanding the obligation of the real estate industry to promote professionalism.
Real Estate Finance: This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans. Understanding this information will help the student assist his or her buyer- and seller-clients from the initial meeting, through the closing proceedings with basic financing and loan-qualification questions.
Click here for Illinois Mortgage Originator requirements.
This course is offered through 360 Training. The free bonuses are offered exclusively by Illinois Real Estate School Online.
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Sale Price: $69.00 $150.00 |
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State Requirements:
Under the Section 1050.2120 of the Division Rules, a registered residential mortgage loan originator must complete annually six hours of continuing education in residential mortgage finance and related topics. Equally important, the residential mortgage licensee that employs an Loan Originator must assure that the LO meets the CE requirement.
Student Reporting Requirements:
A Loan Originators shall not submit CE information directly to the Division. A Loan Originators shall report the completion of CE courses to his or her employing licensee. The employing licensing shall set reporting requirements that enable the employing licensee to obtain the CE information needed to compile the CE Report. For each CE course an Loan Originators wishes to count towards the CE requirement, the Loan Originators shall retain all instructional and testing materials and all documents evidencing registration for, attendance at, and completion of the course. |
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