Loan Officer Training 11/07/2023 Rate Lock Management

11/08/23 • 41 min

Loan Officer Training with The Mortgage Calculator

Welcome to another enlightening episode of "Loan Officer Training." In this edition, we're delving into a fundamental aspect of lending that can significantly impact your clients' financial well-being: "Rate Lock Management."
Effective rate lock management is a skill every loan officer should master. It involves understanding the nuances of interest rate fluctuations, market dynamics, and timing - all while ensuring your clients get the best possible deal on their loans. In this episode, we'll explore the strategies, best practices, and essential tools for managing rate locks successfully.
Tune in to gain the knowledge and insights you need to help your clients secure favorable interest rates and manage potential risks. We'll unravel the intricacies of rate lock management, equipping you with the skills to provide exceptional lending solutions. Join us as we empower you to become a trusted advisor in the world of loan origination.
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The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as thousands of Non-QM mortgage loan program variations using alternative income documentation!

Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!

Our team of licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as acc...

Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast

Our team of licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as acc...

Previous Episode

Loan Officer Training 11/01/2023 Calculating the Blended Rate

Welcome to another informative episode of "Loan Officer Training." In this session, we're diving into a critical aspect of lending, something every loan officer should have in their toolkit: "Calculating the Blended Rate."
Understanding how to calculate a blended rate is essential for loan officers, as it enables you to provide your clients with accurate information and make well-informed financial decisions. In this episode, we'll break down the formula, discuss its applications, and explore scenarios where knowing the blended rate can be a game-changer.
Tune in to gain the expertise needed to navigate the complexities of interest rates and lending, ensuring you can deliver the best possible solutions to your clients. Join us as we demystify the process of calculating the blended rate, equipping you with the knowledge to excel in your role as a loan officer.
Join The Mortgage Calculator at https://themortgagecalculator.com/join

Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast

Our team of licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as acc...

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Loan Officer Training 11/08/2023 Your First 90 Days

Welcome to a pivotal episode of "Loan Officer Training." In this session, we're diving into a crucial milestone for every aspiring loan officer: "Your First 90 Days."
Your initial three months in the loan officer profession are a defining period. In this episode, we'll guide you through the strategies and steps to set yourself up for success. Whether you're just starting your career or looking to enhance your skills, this episode offers valuable insights to navigate the challenges and opportunities during this critical timeframe.
Tune in to gain the knowledge and confidence you need to make a strong start in your loan officer journey. We'll share expert advice and practical tips to ensure you hit the ground running and excel in your role. Join us as we help you lay a solid foundation for a prosperous career in lending.
Join The Mortgage Calculator at https://themortgagecalculator.com/join

Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast

Our team of licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as acc...

Loan Officer Training with The Mortgage Calculator - Loan Officer Training 11/07/2023 Rate Lock Management

Transcript

00:00:13.680

So welcome everyone. My name is Kyle Hiersche. I'm the COO of the Mortgage Calculator, and I'm joined here by our president Nick Hiersche and our sales manager, Jose Gonzalez. We are a correspondent lender that specializes in non QM loans and what we do every Tuesday and Wednesday evening at 7:00 PM Eastern. Is this loan officer training series. Tonight we're going to be talking about rate lock management. Very important in this environment. Always important, but defi