January Webinar: Road to Mortgage Success: 1003 Application Review & Risk Mitigation Analysis Part 1

Date: January 22
Time: 2 PM EST
Cost: Free

Taking an accurate and complete mortgage application is the first step to ensuring a successful and timely mortgage origination. In this webinar, LenderSelect’s Lending and Training team will perform a detailed analysis of the mortgage application process to understand how to identify and mitigate challenges early on and navigate to success. The team will be reviewing the first two pages of the 1003 to include but not limited to:

  • Evaluating a borrower’s personal and financial information
  • Title and ownership
  • Impact of varying combinations of borrowers / applicants
  • Credit reporting
  • Varying types of applications (in person vs. online)

This webinar will be presented live and the recording will be shared with all registrants following the event. This event is open to all real estate professionals.

February Webinar: Road to Mortgage Success: 1003 Application Review & Risk Mitigation Analysis Part 2

Date: February 21
Time: 2 PM EST
Cost: Free

Understanding the specific details of a borrower’s financial background is essential when completing a 1003 application. In this webinar, LenderSelect’s Lending and Training team will perform a detailed borrower financial analysis to understand how to identify and mitigate challenges early on and navigate to success. The team will be reviewing the last two pages of the 1003 to include but not limited to:

  • Declarations, such as bankruptcy, foreclosure, judgments, liens, alimony or child support
  • Non-United States citizenship
  • Debt-to-income ratios
  • Credit reporting
  • Government monitoring information

This webinar will be presented live and the recording will be shared with all registrants following the event. This event is open to all real estate professionals.

March Webinar: Compensation Strategies for Loan Officers That You Need to Know

Date: March 21
Time: 2 PM EST
Cost: Free

A new year has just begun – is your financial institution delivering the quantity of mortgage loans you anticipated? It is important to review your compensation plan to ensure it is aligned with your financial institution’s mortgage goals. Making the decision to adjust compensation toward bringing in new business rather than waiting for clients to come in can lead to a big reward for both the individual loan officer and your business as a whole. In this presentation, we will discuss loan officer compensation strategies to help drive increased production. The following points will be discussed: 

  • Inspecting what you expect
  • Commission vs. salary
  • Types of compensation
  • How to write a compensation plan
  • Breakdown of an effective compensation plan for a manager and loan officer

This webinar will be presented live and the recording will be shared with all registrants following the event. This event is open to all real estate professionals.

Information is for educational purposes only and should not be relied upon by you. Information deemed reliable but not guaranteed. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. LenderSelect Mortgage Group is a registered trade name (DBA) of Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlscosnumeraccess.org) is an Equal Opportunity Lender. Located at 804 Moorefield Park Drive Suite 102, Richmond, VA 23236.