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Complete Mortgage Industry Certification (CMIC)
In partnership with Mortgage-Education.com, Continuing Education at CTC offers the Complete Mortgage Industry Certification (CMIC) Program. This course is designed to prepare an individual to start a new career in the mortgage industry as a FHA and Conventional Loan Officer working for a Mortgage Broker.
The CMIC Program has been sponsored by Georgia Department of Banking and Finance, and the American Council on Education. Successful completion of this comprehensive program individual will receive a CMIC certificate and transcript evaluation towards college credit.
Material includes Responsibilities of a Loan Officer, Qualifying the borrower, Loan Application Process, Responsibilities of a Loan Processor, Financing and loan calculations, Full Documentation Loan Programs, Limited Doc Loan Programs, No Doc Loan Programs, FHA Loan Programs, FHA Refinance Programs, Regulation B Regulation C, Regulation Z, FHA Sales Contracts and Guidelines, Mortgage Loan Submission, credit evaluation, processing of a FHA Loan, packaging of a loan for the lender, closing a loan, and reading an appraisal.
Student can register online, all materials are downloadable from website.
You are allowed up to 180 days to take this course due to the amount of information within this program. Majority of students have completed this course in under 90 days while holding a full-time job.
Course is $1399.99
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Course/ Package Information
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Number of Classes:
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47
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Number of Lessons
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147
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Supplemental Documents:
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175
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Time Allowed to complete course:
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180
days
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Final Exam:
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Yes
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This Package Includes the Following Courses:
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| FHA 01 - Loan Officer Responsibilities and Procedures | | FHA 02 - Loan Processor Responsibilities and Procedures | | FHA 03 - FHA 1003 Loan Application and Credit Report | | FHA 04 - Eight FHA Mortgage Loan Programs | | FHA 05 - Maximum Loan Amount & LTV Calculations | | FHA 06 - Qualifying the Borrower and Property | | FHA 07 - Sales Contracts and Clarification Documents | | FHA 08 - Seller Fees and Closing Cost Contributions | | FHA 09 - Borrower Contributions and Closing Cost | | FHA 10 - FHA Financing Summary, Good Faith Estimate | | FHA 11 - Mortgage Insurance Premiums (MIP) | | FHA 12 - Calculating Debt-to-Income Ratios (DTI) | | FHA 13 - FHA 1003 Loan Application - Purpose of Loan | | FHA 14 - Verifying Down Payment and Settlement Funds | | FHA 15 - Credit Issues : Foreclosures, Personal Bankruptcy | | FHA 16 - FHA Loan Application Document Checklist | | FHA 17 - FHA Connection and Case Number Assignment | | FHA 18 - Appraisal | | FHA 19 - Co-borrowers, Co-signers, Non-Purchasing Spouse, Living Trust | | FHA 20 - Automated Processing Programs | | FHA 21 - ARMs/Buy-Down/Construction Mortgages/Second Mortgage/Energy Efficiency Programs | | FHA 22 - FHA Refinance: Refi Programs, Process, Required Documents | | FHA 23 - New Construction Guidelines | | FHA 24 - FHA 4155.1 rev5 Mortgage Underwriter Handbook | | S 1 - Mortgage Industry Basics | | S 2 - Full Document Loans | | S 3 - Limited Doc Loans or No Doc Loans | | S 4 - Conforming, Non-Conforming/Sub-Prime, FHA, VA What’s the Difference? | | S 5 - Lead Sheet and Information you Need on Every Loan | | S 6 - Loan Application in Detail | | S 7 - Credit Reports | | S 8 - Appraisals | | S 9 - Real Estate Settlement Procedure Act (Regulation X) | | S10 - Title Insurance | | S11 - Time Management and Simplifying the Process | | S12 - The Loan Matrix | | S13 - Mortgage Loan Processing | | S14 - Quality Control, Compliance, Fraud and Ethics | | S15 - Mortgage Loan Submission | | S16 - The Closing | | S17 - Truth In Lending (Regulation Z) | | S18 - Home Mortgage Disclosure Act (Regulation C) | | S19 - Equal Credit Opportunity Act (Regulation B) | | S20 - Calculating Loan To Value and Debt To Income Ratios | | S21 - How to Read Income Documentation Through the Eyes of the Underwriter | | S22 - Adjustable Rate Mortgages in Detail and Construction to Permanent Mortgages | | VA-101 - Basics of VA Lending |
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