All Open Door Institute members must call 866-229-1294 to register and receive your discount.

Pre-requisites: None
Course Hours: 6 hours

Description: REO Best Practices is an in depth overview of how to manage a Real Estate Owned (REO) property. This interactive and engaging course, give agents and brokers all the information they need to begin a career in the REO industry. In addition, seasoned REO agents and brokers will benefit from the "scoop to nuts" approach in discussing the major points of managing an REO asset. You will learn about the foreclosure sale, how you will receive a property assignment, determining occupancy, and basic eviction information. In addition, you will learn how to effectively manage and market the property to ensure a quick and timely sale or disposition of the asset. As an REO agent or broker, you will be subject to detailed and quality billing records. This course gives you the basic information you will need to ensure you comply with the billing processes for most leading REO Clients. Since finalizing a contract and closing the transaction is your ultimate goal, you will learn these necessary processes.

REO Best Practices is a core course for the REO Default Certified Professional (RDCPro™) designation. You will need to complete the Advanced Evaluations course prior to making application for your RDCPro™. Once you have your RDCPro™ designation certificate, you will be contacted by a Client directly when they are ready to start utilizing you for their REO assets. While the RDCPro™ does not guarantee REO business, it is this database our clients utilize to search for trained agents and to assign REO evaluations and listings. Certain Clients may require additional courses as part of their on-boarding process. You must be contacted by the Client with an invitation to take any Client specific courses. All Clients determine the pre-requisites and course requirements for their network agents, which are subject to change at any time.

Required Overall Course Grade: 80%
Required Final Exam Grade: 80%
Number of Final Exam Attempts Allowed: 3 attempts
Required Quiz Grade: 80

All Open Door Institute members must call 866-229-1294 to register and receive your discount.

Pre-requisites: REO Best Practices*
Course Hours: 6 hours

Description: Advanced Evaluations is an intensive course focused on the details of completing accurate, quality Evaluation Reports, also known as Broker Price Opinions. This multi-media course challenges even the most experienced REO agent with its in depth case studies, interactive lessons, and comprehensive quizzes. In this course, you will learn every aspect of completing an Exterior and Interior Evaluation Report. You will learn about the necessary data requirements, how to accurately find and verify data sources, and Clients expectations for a complete, and quality report.

Advanced Evaluations is a core course for the REO Default Certified Professional (RDCPro™) designation. You must complete both REO Best Practices and Advanced Evaluations in order to apply for your RDCPro™. After receiving your RDCPro™ designation certificate, your name will be added to the Default School database. While the RDCPro™ does not guarantee REO business, it is this database our clients utilize to search for trained agents and to assign REO evaluations and listings. You will be contacted by a Client directly when they are ready to start utilizing you for their REO assets. Certain Clients may require additional courses as part of their on-boarding process. You must be contacted by the Client with an invitation to take any Client specific courses. All Clients determine the pre-requisites and course requirements for their network agents, which are subject to change at any time.

Required Overall Course Grade: 80%
Required Final Exam Grade: 80%
Number of Final Exam Attempts Allowed: 3 attempts
Required Quiz Grade: 80

All Open Door Institute members must call 866-229-1294 to register and receive your discount.

Prerequisites: None
Course Hours: 2.5
Course Meets Requirements For: N/A

Description: Default School's Loss Mitigation course will present an overview of the different options lenders may offer borrowers to prevent foreclosure. It will also describe how you, as a real estate professional, can assist the borrower with the short-sale process. First, this course will explain the different loss mitigation options, including reinstatement, repayment plan, forbearance, loan modification, partial claim, assumption, deed-in-lieu of foreclosure, and short sale.

Then, the rest of the course will focus on the short sale. You will learn what to do before you contact a lender with a short-sale proposal. You will learn what documents to include in the short-sale package, how to list a short-sale property, and disclose the short sale to potential buyers. Finally, this course will explain some of the reasons a lender might reject a short sale, ways to remedy the situation, and how a short sale might affect your commission.

Required Overall Course Grade: 80%
Required Final Exam Grade: 80%
Number of Final Exam Attempts Allowed: 3 attempts
Required Quiz Grade: 80%

Thank you for participating in the Loss Mitigation LIVE Training. Answer the assessment questions and complete the instructions on the following pages to obtain your certificate of completion for your participation.

Thank you for participating in the Loss Mitigation LIVE Training. Answer the assessment questions and complete the instructions on the following pages to obtain your certificate of completion for your participation.

Thank you for participating in the Loss Mitigation LIVE Training. Answer the assessment questions and complete the instructions on the following pages to obtain your certificate of completion for your participation.

Prerequisites:

1. Each learner must be a licensed real estate agent.
2. Each CitiMortgage REO Agent must achieve mastery in the REO Best Practices and Advanced Evaluations courses, if applicable.

Course Hours: 07:05
Course Meets Requirements for: N/A

Description: CitiMortgage requires all new and existing network agents to complete this course. CitiMortgage REO Policies and Procedures explains the company's policies and procedures for managing and marketing REO properties. It explains the complete process of handling these properties from assignment to closing. The course begins with an overview of CitiMortgage, the RES.NET system, and agent performance objectives. Next, it explains the CitiMortgage REO process step by step. This includes pre-listing tasks, submitting the BPO, and submitting repair bids. It also includes listing and marketing, offers and counteroffers, and managing the timeline from sale to closing. Finally, this course explains CitiMortgage's billing and reimbursement process.

Required Overall Course Grade: 80%
Required Final Assessment Grade: 80%
Number of Final Assessment Attempts Allowed: unlimited attempts
Required Test Your Knowledge Grade: N/A

Prerequisites:

1. Each learner must be a licensed real estate agent and be an approved OneWest REO Agent/Broker.
2. Each new OneWest REO Agent/Broker must achieve mastery in the REO Best Practices and Advanced Evaluations course.

Course Hours: 05:30
Course Meets Requirements for: N/A

Note: All OneWest REO Agents/Brokers must complete the OneWest REO Policies and Procedures course to retain their approved status. This course refers to all Agents and Brokers as "Broker."

Description:
IndyMac Mortgage Services, a division of OneWest Bank, FSB requires all new and existing network agents to complete this course. It explains OneWest's policies and procedures for managing and marketing REO properties.

This course discusses the complete process of handling REO properties from assignment to closing. This includes an overview of the REO team and guidelines for property assignment, broker price opinions (BPOs), and Broker tasks in the REO System. This course also includes additional Broker tasks to ensure success with OneWest, such as Monthly Status Reports, cash-for-keys, eviction, offers, counteroffers, and so on.

Required Overall Course Grade: 80%
Required Final Assessment Grade: 80%
Number of Final Assessment Attempts Allowed: unlimited attempts
Required Test Your Knowledge Grade: N/A

All Open Door Institute members must call 866-229-1294 to register and receive your discount.

Prerequisites: None
Course Hours: 3:45
Course Meets Requirements for: Green Certification

Description:The Greenovation Institute Residential course explains the various measures that you can select from to have a home certified as "green." First, you will learn about the principles of green building and some of its history. Then, you will learn which measures you can implement to qualify for one of three levels of certification. This course will provide you with a detailed explanation of each measure. You will discover how each measure can help improve energy efficiency, conserve natural resources, or improve the indoor air quality of the home. You will also learn the specifications you must meet for each measure to qualify for certification. Finally, this course will provide you with reference guides for these specifications that you can print out and refer to later.

Required Overall Course Grade: 80%
Required Final Assessment Grade: 80%
Number of Final Assessment Attempts Allowed: 3
Required Test Your Knowledge Grade: N/A

Thank you for participating in the Greenovation Institute LIVE Training! Complete the instructions on the following pages to obtain your certificate of completion for your participation.

Thank you for participating in the Greenovation Institute LIVE Training! Complete the instructions on the following pages to obtain your certificate of completion for your participation.

Thank you for participating in the Greenovation Institute LIVE Training! Complete the instructions on the following pages to obtain your certificate of completion for your participation.

Prerequisites: There are no prerequisites to enroll in and complete this course. However, Renovation Lending is a prerequisite to Renovation Lending Certified Professional (RLCPro) certification.
Course Hours: 5.00
Course Meets Requirements for: Part 1 of Renovation Lending Certified Professional (RLCPro) certification. Part 2 is Renovation Lending Live Training.

Description: Renovation loans are an underused loan option in the mortgage industry. This is because many key players do not understand the benefits of these types of loans. Renovation Lending helps real estate professionals, asset managers, and loan officers understand the benefits, features, and process of renovation loans. It outlines each renovation loan program in detail, including the FHA 203(k) Standard and Streamline renovation loan programs. By the end of the course, you will understand why it is in your best interest to add renovation loans to your suite of mortgage loan options!

Required Overall Course Grade: 80%
Required Final Assessment Grade: 80%
Number of Final Assessment Attempts Allowed: unlimited
Required Test Your Knowledge Grade: N/A

All Open Door Institute members must call 866-229-1294 to register and receive your discount.

If you are NOT a member of Open Door Institute, you must have an enrollment key to register. Your enrollment key is your REO Expo confirmation number.

The live portion of the RLCPro™ certification goes into more detail about these loans. Our industry expert offers two separate sessions tailored to the following audiences:

1. Real Estate Agents and Investors
2. Asset Managers

Thank you for participating in the Renovation Lending LIVE Training! Answer the assessment questions and complete the instructions on the following pages to obtain your certificate of completion for your participation.

Thank you for participating in the Renovation Lending LIVE Training! Answer the assessment questions and complete the instructions on the following pages to obtain your certificate of completion for your participation.

Thank you for participating in the Renovation Lending LIVE Training! Answer the assessment questions and complete the instructions on the following pages to obtain your certificate of completion for your participation.