Loan Processing 101 - "The Basics"
Need Help? Call us today at 1-800-865-8550 Press 1 for Sales
COURSE DESCRIPTION: This instructor-led online training webinar is designed for new mortgage loan processors as well as existing loan processors who never received formal loan processing training or perhaps developed bad habits. Mortgage loan processors are in powerful demand these days, and the income is excellent! Lucrative positions exist in mortgage, retail and consumer loan fields, and the promotional potential is great. Loan Processor 101 - "The Basics" is an in-depth study of conventional loan calculation and requirements. It provides intensive loan processing training in the basics of residential mortgage application, title, appraisal, credit reports and much more.
COURSE OUTLINE:
- Mortgage Terminology
- Ratio Terminology
- Examples
- Additional Mortgage Terminology
- The Loan Cycle
- Loan Processor Duties
- Loan Documentation
- Breaking Down the Forms
- Truth in Lending Application
- Truth in Lending Disclosure Basics
- The Loan Estimate
- Closing Disclosure
- CD Pages 1 - 5
- The Credit Report
- Public Records
- Tradelines
- Payment History
- Personal Information
- Employer Information
- Inquiries
- Automated Underwriting Systems
- AUS Recommendations
- Verification of Deposit
- Verification of Employment
- Verification of Rent/Mortgage
- Purchase Contract
- Submitting to Underwriting
- Multiple Practice Quizzes
- Download Course Catalog >>
COURSE FORMAT:
- Instructor-Led Online Webinar
- Duration: 24/7 Access for 1-Year
- Course Provider: CampusMortgage® (Our Training Division)
- All Course Materials are Downloaded as PDF Files
- Source Links Included -- Get Further Clarity & Updates
- Certificate of Completion Downloaded as a PDF File
- Job Search Resources (Upon Request)
- Download Course Catalog >>
WHO SHOULD ATTEND: Aspiring mortgage processors & underwriters wishing to learn loan processing, from A to Z. Whether you're unemployed and looking to enter the mortgage processing profession, or you're currently working at a bank or lender as an underwriter or processor, this training program will provide the skills you need to succeed as an effective mortgage professional. Also ideal for loan processing & underwriting managers looking to train their existing staff on loan processing principles.
HOW IT WORKS: As soon as you enroll, we will e-mail you links and passwords to access the Instructor-Led Online Webinar & Course Materials, so you can start taking the training IMMEDIATELY.
ABOUT THE INSTRUCTOR: Each CampusMortgage® instructor has an average of 15+ years of prior mortgage related experience. Each instructor also draws from a different knowledge base that may include such areas as: mortgage underwriting, loan processing, FHA, VA, Conventional loans, Commercial lending, USDA Rural Housing Loans and more.
SYSTEM REQUIREMENTS: You will need the following: 1) a Computer/Tablet, 2) Internet and 3) Computer Speakers.
GRADUATION: Upon successful completion of this course, you will be able to download & save your Certificate of Completion as a PDF file.
REFUND POLICY & TERMS OF USE: Before purchasing any CampusMortgage® training class from NAMU®, we recommend you thoroughly read our Refund Policy & Terms of Use.
Need Help? Call us today at 1-800-865-8550 Press 1 for Sales