• Post category:StudyBullet-13
  • Reading time:8 mins read


Mortgage loan originator, loan processor, UW, & real estate agent training: Quick close investor loan financing course

What you will learn

Learn how to originate, process, and close hard equity loans

Learn how hard equity loans work

Discover how you’ll get paid and how much you can expect to make

Increase the kinds of loans you can close by knowing how to close hard equity loans

Thrive during economic downturns and during slow real estate cycles

Discover what documentation borrowers will need to be approved for hard equity loan

Learn what interest rates, fees, and terms are common for hard equity loans

What documents need to be submitted when applying and what a common closing package will look like so that you can be prepared to review everything with the bor

Description

Did you know that hard equity loans are the fastest and easiest loans to close? Are you looking to get hired by a hard equity lender by having the knowledge necessary to start working? When real estate prices go down, these are the lenders that start hiring as many loan processors, loan originators, and underwriters as they can. Don’t miss your opportunity.

Hard equity loans are short term real estate loans that have high interest rates but that can close in a matter of days. Most states in the U.S. don’t require that the loan originators be licensed. Most people don’t know that during slow or declining real estate markets, hard equity or hard money loans are the most popular types of loans which can be a huge opportunity for people who are prepared to close these loans. These kinds of loans usually pay loan originators 1 to 3% of the loan amount which is usually pretty high. For example, if you close a $10M hard equity loan and charge 1.5% as your origination fee, you would be making a $10,000,000 x 0.015 = $150,000 commission on one single transaction closed. Most hard money loans are for higher loan amounts which is why they are such a profitable opportunity for most loan originators. If you’re thinking of working for a hard money lender, this course will teach you the entire process and what its all about so you can get hired and start working even if real estate prices decline. Most people don’t realize that real estate goes through cycles and when prices go down, you need to be able to offer a loan product that is highly sought after which is what hard money or hard equity loans are.

Hi, my name is Joe Correa, and I’m the CEO and founder of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. I’ve closed many hard equity mortgage loans and have taught thousands of students in 148 countries around the world about mortgages and other financial topics. This course will keep you making money during any economic cycle.

This course will teach you:

how hard money loans work and what terms and conditions apply

– what documents need to be completed to close this type of loan

Who can start originating hard equity loans

– How to find hard equity lenders to start doing business with (I will provide you with a list!)


Get Instant Notification of New Courses on our Telegram channel.


– How to complete a loan application

– How to review a loan approval

– and much more….

This course includes:

  • Instructor-led document examples so that you become familiar with common hard equity loan documents
  • Course pdf documents for you to save and use for future reference
  • 24 hour access to your instructor via the Udemy Q&A messaging portal, lifetime access to this course,
  • Practice exercises to help you implement what your learning,
  • and a 30 day money back guarantee.

Click on the enroll button right now to get started. This course will save you when real estate prices go down since you can continue to close loans thanks to investors that will be buying homes fast. Hard equity lenders will be hiring many loan originators, sales people, processors, underwriters, and more which is your opportunity to get hired.

Don’t wait to get this course for the price of a couple coffees. In the future, this will equate to thousands in profits for you.

I’ll see you inside the course!

English
language

Content

Introduction

Introduction to hard equity loans
Your instructor
Do you need a license to close hard equity loans?
How much will you get paid to close hard equity loans & who’s going to pay you?
How are hard equity loans beneficial to investors?
Who is the perfect candidate for a hard equity loan?

Important things to consider on hard equity loans

What are the normal hard equity loan closing time frames?
How long does it take to close a hard equity loan?
What are the normal terms of a hard equity loan?
What basic documents are needed to originate a hard equity loan?
What is the ARV?
Will knowing how to close hard equity loans benefit me if real estate goes down?
Who is the perfect candidate for a hard equity loan?
Where can you find a list of residentail and commercial hard equity lenders?

Common loan documents on hard equity loans

Loan application for a hard equity loan PART 1
Loan application for a hard equity loan PART 2
Business purpose submission form PART 1
Business purpose submission form PART 2
Certification of Beneficial Ownership form
Statement of information
EIN IRS form
Sample articles of incorporation
Vesting information form overview
Appraisal waiver disclosure

Final comments and thank you

Final comments
Vesting information form overview
Thank you