Mortgage ACE Program

Mortgage ACE Program: Empowering Mortgage Professionals
The Mortgage ACE Program is designed to help businesses focus on their core operations by providing comprehensive mortgage education and exam preparation. Our blended learning approach combines online self-study, classroom equivalents, and interactive sessions to ensure success in the National Licensing Exam.
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Your Benefits from Working with Us
Comprehensive Training
Access to a full range of study materials and interactive learning tools.
Expert Guidance
Live instructor-led sessions and office hours for personalized support.
Flexible Learning
Blend of online self-study and classroom equivalent options to fit your schedule.
Exam Preparation
Tailored practice tests and simulations to ensure exam readiness.
Program Overview
1
Planning
Develop a structured study plan focused on test-taking skills and exam content.
2
Blended Learning
Combine online self-study, classroom equivalents, and physical textbooks.
3
Interactive Sessions
Engage in live training, office hours, and discussion rooms.
4
Reinforced Learning
Benefit from instructor interaction coupled with assessments and activities.
5
Monitoring and Feedback
Receive ongoing instructor feedback and progress tracking.
Our Unique Approach
Planning the Process
We focus on studying with the test in mind, developing crucial test-taking skills.
Blended Learning
Our program combines online self-study, classroom equivalents, and physical textbooks for comprehensive learning.
Interactivity
Engage in live training, office hours, discussion rooms, and interactive flashcards.
Parallel Reinforced Learning
Experience instructor interaction coupled with assessments and activities for deeper understanding.
Path to Completion
1
Enrollment
Sign up for the Mortgage ACE Program and access our comprehensive materials.
2
Study
Engage in blended learning through online modules, live sessions, and textbooks.
3
Practice
Take advantage of practice exams, flashcards, and interactive challenges.
4
Assessment
Participate in bootcamps and simulations to gauge your readiness.
5
Certification
Successfully pass the National Licensing Exam and become certified.
Course Syllabus Highlights
Video Presentations
Comprehensive explanations on exam preparation and strategies.
Interactive Learning
Engage with flashcards, games, and challenges for enhanced retention.
Live Instructor Help
Access live office hours and discussion boards for personalized assistance.
Practice Tests
Take 125-question practice tests with immediate feedback and no time limits.
Education Components
Instructor Interaction
Overview Webinar
NMLS PE: Four 5-hour live sessions
Office Hours for personalized help
Exam Preparation Materials
General Study Guide (450 pages)
Online Activities: Flashcards, Brain Olympics
Practice Exams: 125 questions with explanations
Assessments
Bootcamps: Five practice exams
Final Exam: 625-question database
95% Pass Requirement for readiness
Two-Week Program Schedule
1
Week 1
Focus on core concepts, online modules, and initial practice tests.
2
Weekend
Review and catch-up period, additional study time available.
3
Week 2
Advanced topics, bootcamps, and final exam preparation.
Closing the Loop: Monitoring and Feedback
Formalized Schedule
Structured timeline for progress tracking and assessments.
Online Dashboard
EMS Corporate Portal for real-time progress monitoring.
Instructor Commentary
Regular feedback and guidance from experienced instructors.
Test Material Usage
Track engagement with study materials and practice tests.
EDashEMS - Comprehensive Monitoring
Our EDashEMS system provides a detailed overview of student progress, allowing for real-time monitoring and intervention when needed. This powerful tool helps ensure that every student is on track for success.
Beyond "Pass Rates": Ensuring True Readiness
1
2
3
4
1
Exam Success
Passing the National Licensing Exam
2
Comprehensive Knowledge
Deep understanding of mortgage concepts
3
Practical Application
Ability to apply knowledge in real scenarios
4
Continuous Learning
Commitment to ongoing professional development
Should You Reschedule? Data-Driven Decision Making
Our comprehensive tracking system helps identify when a student might need to reschedule their exam. By analyzing performance across multiple practice tests and simulations, we can provide data-driven recommendations for optimal exam readiness.
Chapter 1: Introduction to Mortgage Lending
SAFE Act Overview
Understanding the key legislation governing mortgage lending.
Key Mortgage Terms
Building a strong foundation with essential industry vocabulary.
Interactive Flashcards
Reinforce learning with engaging digital flashcards.
Chapter 2: Mortgage Lending Basics
Legal Documents
Explore key documents and concepts in real estate ownership.
Industry Structure
Understand how the mortgage lending industry is organized.
Popular Loan Programs
Learn about the most common and important loan options available.
Chapter 3: Federal Lending Laws I
RESPA Overview
Real Estate Settlement Procedures Act essentials.
TILA Overview
Truth in Lending Act key points and implications.
TRID MAP
TILA-RESPA Integrated Disclosure and advertising rules.
LO Comp Rule
Understanding Loan Officer Compensation regulations.
Chapter 4: Federal Lending Laws II
1
ECOA and HMDA
Equal Credit Opportunity Act and Home Mortgage Disclosure Act.
2
FCRA and FACTA
Fair Credit Reporting Act and Fair and Accurate Credit Transactions Act.
3
Privacy Laws
Gramm-Leach Bliley Act and Do Not Call/Fax/Email Laws.
4
Consumer Protection
Homeowners Protection Act and National Flood Insurance Act.
Chapter 5: The Loan Approval Process
1
Application
Assembling the loan application and required documents.
2
Credit Check
Reviewing the Residential Mortgage Credit Report (RMCR).
3
Underwriting
Assessing Credit, Capacity, and Collateral (3 C's).
4
Approval
Final review and loan approval decision.
Chapter 6: 
The Appraisal and Loan Closing Process
Appraisal Approaches
Cost Approach
Sales Comparison Approach
Income Approach
Appraiser Independence
Understanding Appraiser Independence Requirements (AIR).
Closing Process
Title Insurance
Final Documentation
Funds Transfer
Chapter 7: Ethics in Mortgage Lending
1
2
3
4
1
Ethical Practice
Upholding the highest standards in mortgage lending.
2
Core Concepts
Understanding fundamental ethical principles.
3
Legal Compliance
Aligning ethics with federal lending laws.
4
Continuous Improvement
Striving for ethical excellence in all interactions.
Chapter 8: Mortgage Math and Finance
Basic Calculations
Understanding principal, interest, and payment structures.
Advanced Concepts
Exploring amortization, APR, and loan-to-value ratios.
Financial Analysis
Interpreting financial statements and credit reports.
Practical Applications
Applying math concepts to real-world mortgage scenarios.
Hopeful Hands of Jesus for Kids!
At Loormax Overall Agent Marketing System, we believe in giving back and making a positive impact in the lives of others.
That’s why 10% of the net proceeds derived from our program are donated to support Christian Children’s Charities.
These contributions help provide hope, resources, and brighter futures for children in need, guided by faith, compassion, and the teachings of Jesus Christ.
Through your support, children are empowered to live their lives embraced by the LOVE of JESUS, learning His values of kindness, forgiveness, and hope.
Thank you for partnering with us to make this mission possible.
Together, we’re creating opportunities that truly matter, while inspiring young lives to grow in FAITH and LOVE.
"Whoever welcomes one such child in my name welcomes me" 
Matthew 18:5
""I can do all things through Christ who strengthens me,"
 Philippians 4:13