Fundamentals of Residential Mortgage Loan Origination Gateway to the Student Resource Page Welcome to the mortgage industry and thank you for choosing Paul Donohue Presents for your fundamentals education. Our mission is not only to give you enough information to study and pass your NC Commissioner of Bank's licensing exam, but to promote the education and training of high-level, informed mortgage professionals. To that end we offer this Student Resource Page or SRP. Here you will find tools that can be used before and after your state exam.

To effectively use this page you will need the following tools: 1. Your user name and password Your user name and password were emailed to you in your welcome letter when you originally registered for class. If you do not have your user name and password, please call us at 888-341-7767 or send us an email at info@pauldonohuepresents.com. Your user name and password are valid for only 120 days from your date of registration. If you have tried to gain access and received an error, please contact our office to request an extension. 2. Your textbook If you have not taken the course yet the text is available to view here as well, but if you have taken the course already you may want to refer to your notes or make more notations as you use this page. The text is over 200 pages, so it is best to have your textbook. 3. Your mortgage calculator If you do not have a mortgage calculator it is important that you purchase one. You will need it to take the state exam. Refer to your welcome letter for specifics on which model we use in class. 4. Adobe Acrobat Reader You will need this program to view any of the posted text files like the textbook and math tutorials. If you do not have this free program you can obtain it here. 5. Windows Media Player You will need this program to view the video recordings of the course. If you do not have this program you can download it here. Now that you have everything you need… Click here to enter the Student Resource Page THE LOG-IN IS CASE SENSITIVE. IF YOU HAVE ATTEMPTED TO LOG-ON AND RECEIVED AN ERROR MESSAGE, PLEASE MAKE SURE THAT YOU HAVE TYPED YOUR USER NAME AND PASSWORD EXACTLY AS IT IS SHOWN IN YOUR WELCOME LETTER. USER NAMES AND PASSWORDS ARE VALID FOR 120 DAYS FROM THE DATE OF REGISTRATION. IF YOU NEED TO REQUEST AN EXTENSION OR REACTIVATE YOUR USER NAME AND PASSWORD, PLEASE CONTACT US AND BE PREPARED TO GIVE YOUR USER NAME WHEN YOU CALL. Contact information for the Student Resource Page Phone: 888-341-7767 Email: info@pauldonohuepresents.com

The Student Resource Page is meant as a resource for students of Paul Donohue Presents, LLC. A user name and password are required in order to access the materials. Access to materials is limited to 120 days from the date of registration for a course. Access beyond 120 days must be requested by phone or in writing. Anyone found sharing or giving their access information to non-registered students will have their access revoked.

Reference: Agenda of the course: SECTIONS 1-3 General Mortgage Concepts There will be 18 questions on the NC State Exam from these sections Student Textbook, Sections 1-3 The Purpose Of This Course - About the Exam Mortgage Broker vs Mortgage Banker Be a Professional What is a mortgage - The 3 markets Loan Cycle - part 1 Loan Cycle - part 2 Loan Originators What is a Lender The processor Equity, Loan-to-Value, Mortgage Insurance The Underwriter Know your terminology, a warning Deed of Trust, Equity Vendors and Strategic Partners Credit depositories, credit scoring Amortization Conventional Loans, Conforming Loans ARMs - part 1 ARMs - part 2 ARMs - part 3 Caps, balloons & negative amortization Government Sponsored Loans Subprime loans Mortgagor/Mortgagee Practice Quiz, Mortgage Concepts    I I I SECTION 4 Federal Laws There will be 18 questions on the NC State Exam from this section Student Textbook, Section 4 Federal Laws - Acronyms RESPA - part 1 RESPA - part 2 Yield Spread Premiums Disclosure Booklets Servicing Disclosure HUD-1 Settlement Statement Escrow Limits APR & TILA Disclosures Calculator Work on APR Six Laws in 15 Minutes ECOA FCRA HOEPA HMDA FHA-NFIA Practice Quiz, Federal Laws   I I I SECTION 5 North Carolina State Law There will be 18 questions on the NC State Exam from this section Student Textbook, Section 5 Predatory Lending Act High Cost Loans Prohibited Activities - Amortization Schedule Mortgage Lending Act MLA - Definitions Getting Your Loan Officer's License Renewal and Licensing MLA Violations USA PATRIOT Act SECTION 6 The Application and Mortgage Math There will be 6 questions on the NC State Exam from this section Student Textbook, Section 6 Relationships- Customer Focus Pre-call Planning Bonding Statement Managing Expectations Continuing Business Relationships Airplane Analogy The Customer Comfort Zone The Uniform Residential Loan Application Completing the Application- part 1 Completing the Application- part 2 Document and Over-document Calculator Basics - Calculating Payments Calculator Basics - Calculating Principal and Interest Calculator Basics - Calculating Loan-To-Value Calculator Basics - Front-end and Back-end Ratios Calculator Basics - Debt Ratio Worksheet Calculator Basics - Calculating Income Your Obligation - Signing the 1003 Practice Quiz, Mortgage Math   I I I SECTION 7 Ethical Origination, Fraud and Becoming A Loan Officer NOTE: Though there are no specific Ethics questions on the state exam, there are some general concepts in this section as well as information on fraud that will be featured on the exam. We have included these concepts in previous quizzes. Student Textbook, Section 7 Win-Win: A Fine Profession Join the Professional Organizations The Benefits Principle Paul's Story - part 1 Paul's Story - part 2 Paul's Story - part 3 The Long View - The High Road This Business Appendix Supplemental Documents and Sample Forms All these documents are either included in the text of your book or handed out during live class. General Assembly of NC insert SAMPLE 1003 handout MLA FAQ insert MLA Law insert PLA insert PSI Pamphlet SAMPLE Affiliated Business Arrangement SAMPLE Amortization Schedule SAMPLE Appraisal Disclosure SAMPLE ARM Disclosure Statement SAMPLE Borrower-Broker Agreement SAMPLE Credit Report Authorization and Release SAMPLE Credit Score Disclosure Notice SAMPLE Deed of Trust SAMPLE Purpose of ECOA Disclosure SAMPLE Fair Lending Notice SAMPLE GFE - Cash-out Refinance SAMPLE GFE - Conventional Refinance SAMPLE HUD-1 SAMPLE Note SAMPLE USA PATRIOT Act Disclosure SAMPLE Primary Residence Statement SAMPLE Privacy Notice SAMPLE Servicing Disclosure Statement SAMPLE Truth in Lending Disclosure Paul Donohue Presents, LLC Phone: (888) 341-7767 9-5 M-F Fax: (800) 773-4187 Email: info@pauldonohuepresents.com Paul Donohue Presents PO Box 780 4527 Highway 220 North Summerfield, NC 27358 paul411.com