Have you ever felt that you just don't have enough time to train the new real estate agents that join your company?

While I realize that training is an important part of your daily routine, I wanted to let you know about a new agent training program that I hold on a regular basis that walks them through one of the most critical areas in the whole real estate process - financing!

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Here's what will be covered:

1. Pre-Approvals vs Pre-Qualifications vs Credit Underwrites:

   • What's the difference?

   • Automated underwriting

   • Credit underwrites

2. The parts of the Purchase Contract Mortgage Broker's read:

   • Buyer's Name/Seller's Name/Address

   • Contract Dates

   • 4.5.3 Type of Loan

   • 6.2.2 FHA Appraisal Value

   • ILC 9.1/9.1.1 - title doesn't require it often, but you don't want to miss it

   • Additional Provisions - no red flags listed, please

3. What You Need to Know About Appraisals:

   • Why an appraisal is needed

   • Why it's important to read the ENTIRE appraisal

   • "Repair Requirements" or "As Is" conditions of the property

   • Manufactured Homes appraisals​

4. Earnest Money:​​​​

   • Good sources

   • Bad sources

5. How the Closing Process Works:

   • How to read a title insurance policy

   • How to read a homeowner's insurance policy

   • How to read a Closing Disclosure statement​

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If training new agents is important, contact me to schedule a training for your office.

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