|Features:||online text, printable certificate, PDF eBook|
|Category:||Real Estate > Continuing Education > Oregon > Real Estate Finance|
7405 SW Beveland Rd,
Portland, OR 97223
Course ID: 1038-1074
This course will go over each section of the new loan disclosures that will be implemented in October 2015: the Loan Estimate and the Closing Disclosure. These two forms will replace the Good Faith Estimate (GFE) and the HUD-1 Settlement Statement. It is anticipated that these two new forms of loan disclosures will make it easier for consumers to understand the terms of their loan as well as allow them to easily shop for other lenders.
Real estate agents may also want to become familiar with these forms, as they will be used as part of every real estate transaction as of October 3, 2015. While an agent will not be completing these forms, it is a good idea to be aware of the layout of the form, the different sections of the form, and how those in the financial profession will complete the form for the agent's property buyer.
The first part of this course will review the 3-page Loan Estimate, and the second part of the course will cover the 5-page Closing Disclosure. This course will take approximately 3 hours to complete.
At the end of the course is a 15-question final exam that students can use to check their understanding of the two new disclosure documents. After submitting the final exam, a course completion certificate will be issued for Oregon real estate continuing education credit.
To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.