Description

GRI Contract to Close (0543R) 15 'R' CE hours Provides an overview of the mortgage process in today’s environment, with automated underwriting and the prevalence of both Appraisal Management Companies (AMCs) and Automated Valuation Models (AVMs). This class goes through the timeline from beginning to end and focuses on what licensees need to know to make the process go smoothly and assist their buyers. You will learn how to calculate qualifying ratios and debt-to-income for mortgages, describe and calculate PITI and PMI, and identify types of loans that best fit the borrower and property.