Build a foundation of knowledge to break into the mortgage lending space for credit unions.
Built by credit union professionals, for credit union professionals.
Credit unions are unique, and MemberClose knows the potential credit union professionals have in the mortgage lending space.
The Mortgage Academy includes progressive on-demand virtual training modules that give credit union staff the skills and knowledge to excel in the industry, and provide exceptional service.
Access the learning platform anytime, anywhere. The self-paced learning approach allows students to progress through the material at their own speed, ensuring they can manage work commitments while advancing knowledge.
Tailored educational modules addressing specific industry needs.
We identify pain points, challenges, and opportunities credit unions face, and develop targeted educational materials addressing these needs.
Access the flexible online courses anytime, anywhere.
Carefully crafted courses covering essential topics such as underwriting, loan programs, property types, appraisals, and the overall mortgage process.
Enhanced user-friendly learning experience supported by dedicated channels including discussion forums, instructor assistance, and other guidance when needed.
Students progress through the academy at their own speed, with the goal of managing work commitments, while growing mortgage lending knowledge.
Build a foundation of knowledge with an understanding of terminology, non-qualified vs. qualified mortgages, secondary market, ARMs, equity lending, portfolio loans, participations, and application review.
Focus on the credit aspects of the mortgage process, including credit reports, credit review the 5 C's of credit, pre-qualification vs. pre-approval, debt ratios, and income.
Explore property types, flood zones, appraisals, and automated valuation models to understand how crucial they are for making informed lending decisions and ensuring compliance with regulatory requirements.
Review purchase transactions including contracts, listing terms, pre-foreclosure/short sale properties, home inspections, title review, trusts, taxes, exemptions, and the closing process.
Learn to navigate mortgage refinance transactions with on topics, such as eligible and ineligible refinance types, cash-out refinances, and streamline refinance options.
Cover the fundamentals of mortgage underwriting, including the key elements to better understand underwriting decisions in the mortgage industry.
Understand the laws and regulations that govern the mortgage industry that are crucial for maintaining compliance and conducting business ethically.
An all inclusive introduction to mortgage servicing covering the main functions and responsibilities of mortgage servicers, relationships, and more key details.