Loan Processor & MLO Mortgage Math: Problems & Solutions

Mortgage skills training and SAFE Mortgage Loan Originator Licensing Exam math prep with 115 problems & solutions

What you will learn

You will learn how to master common mortgage math calculations such as: LTV, CLTV, DTI, Income, etc.

You will learn how to solve common question types and how to solve them quickly and accurately

You will be able to confidently pass the math portion of the SAFE Mortgage Loan Originator Test

You will have a better understanding of mortgage math calculations

You’ll discover new ways to figure out mortgage calculations that will save you time and unnecessary mistakes

You’ll understand what abbreviated mortgage terms are so that you can communicate effectively with banks and lenders

You will have a better understanding of mortgage math calculations


Do you have trouble with the math portion of mortgages or on the SAFE Mortgage Loan Origination licensing exam? How about learning through practical examples taught by an industry expert and past college math professor?

If you want to work as a loan processor or mortgage loan originator, you need to know how to calculate the LTV, DTI, cash to close, discount points, origination points, and many other math specific factors. This course on Mortgage Math will take you through 115 real life mortgage math problems where I will sit with you and go over each problem in detail so that you can follow along and do the problems with me. This way, you can become an expert on mortgage math before starting your new job or in your current position.

By the time you finish this course, you’ll be ready to take the math portion of the SAFE pre-licensing mortgage loan originator exam, if you’re thinking of becoming a mortgage loan originator. If you’re planning to start working as a mortgage loan processor or mortgage loan originator, you need to know how to calculate a borrower’s income, which is why I’ll also teach you to quickly calculate a borrower’s income no matter how they’re paid. If they’re paid on a bi-weekly, per hour, bi-monthly, weekly basis, or if they’re self-employed, you’ll discover what calculation you need to use. You will be able to download my “monthly income cheat sheet” to have on hand when you need it so that you can always calculate your borrowers income accurately.

This course includes:

  • 115 mortgage math problems.
  • A course guide pdf to print and save.
  • Income calculation equations pdf to save on your computer.
  • Mortgage specific equations pdf to use while you follow the course.
  • 12 practice quizzes to see how much you’ve learned

The main benefits of this course:

– Real life mortgage math problems and solutions

Loan processors and mortgage loan originators that are good at mortgage math close more than twice as many loans and are paid higher than other LP’s and MLO’s

– Complete examples on calculating W2 employees and self-employed borrowers (weekly, bi-weekly, bi-monthly, hourly, annual basis income examples)

– Pass the math portion of your SAFE Mortgage Loan Origination licensing exam

– Close loans faster and minimize math errors

– Calculate the loan-to-value and debt-to-income ratio with speed and accuracy

– Understand and determine loan discount points and loan origination points

– Learn to calculate the cash to close for a borrower so that they know how much they need to bring to the closing

Don’t waste your time learning only theory. Get started with these practical examples taught in a hands-on approach.

Once you complete this course, a course diploma will be available to you when all sections have been completed at 100% which you can save or print. For instructions on downloading your course diploma you can go to:


Please go to lecture 6. You will be able to download them under resources.

Your instructor

Joseph Correa is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans and processed many of them, he has the necessary processing knowledge to help you become a success. In the past, he has also owned a correspondent lender business and invested in real estate.




How this course is structured
Basic to advanced content
Making mortgage math easy
People vs math
Why it’s important to learn mortgage math
Download these PDF documents to use during the course
Calculating the loan-to-value
Calculating the LTV Problems and Solutions #1-10
Practice Quiz: LTV Practice Problems
Calculating the Combined Loan-to-Value (CLTV)
Calculating the CLTV Problems and Solutions #11-20
CLTV Practice Problems
What is the total loan-to-value (TLTV)?
Calculating the Debt-to-Income ratio (DTI)
Calculating the DTI Problems and Solutions #21-30
DTI Practice Problems
Requesting a Rebuttal
CASE STUDY: Finding solutions
Calculating the down payment
Calculating Down Payment Requirements Problems and Solutions #31-40
Down Payment Practice Problems


Using a mortgage calculator to calculate the PI payment
How to calculate Interest-only mortgage payments
Variations of the interest-only equation
Calculating Interest-Only Mortgage Payments Problems and Solutions #41-50
Interest-Only Practice Problems
How to calculate the PITI
Calculating the PITIA
Calculating the PITI Problems and Solutions #51-60
PITI Practice Problems
What are bi-weekly payments?
What does it mean to buy down loan points?
Variations of the loan discount points equation
Calculating Loan Discount Points: Problems #61-70
Loan Discount Points Practice Problems
How to calculate loan origination points
Variations of the loan origination points equation
Calculating Loan Origination Points: Problem #71-80
Loan Origination Points Practice Problems


Monthly paid borrowers
Weekly paid borrowers
Borrowers paid bi-monthly income
Bi-weekly paid borrowers
Hourly wage earners income calculation
Self employed borrowers income calculation
Bonus and overtime income calculation
Calculating a borrower’s income: Problems #81 – 100
Income Calculation Practice Problems


The math behind pre-qualifying borrowers
Calculating the Pre-qualification Process for a borrower: Problems #101 -105
Pre-qualification Practice Problem


The math behind purchase transactions
The Math behind purchase transactions: Problems #106 – 110
Purchase Transaction Practice Problem


The math behind refinance transactions
The Math Behind Refinance Transactions: Problems #111 – 115
Refinance Transaction Practice Problem
Always double check your numbers
Thank you!

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