BOTH CLASSES: Loan Processing 101 and Advanced Processing
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COURSE DESCRIPTION: Take our Loan Processing 101 and Advanced Loan Processing training classes, and learn everything you need to know to become a successful mortgage loan processor!
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
- Credit Report Review
- Income Review Begins
- Base Pay (Salary or Hourly)
- Bonus, Overtime, & Commission
- Part-Time, Second Job, or Seasonal
- Retirement and Pension Income
- Alimony & Child Support
- Social Security
- Military Income
- Self-Employed Income
- Sole Proprietor (Schedule C)
- Rental Income (Schedule E)
- Partnership Income Form 1065
- U.S. Income for an S. Corp (Form 1120-S) w/K-1’s
- Assets Review
- Checking /Savings
- Stocks & Mutual Funds
- IRA & 401-K Assets
- Business Assets
- Purchase Agreement Review
- Appraisal Review
- Review the Appraisal Live
- Title Review
- Sample Underwriter Conditions
- 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 how to become a loan processor, 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 processor. Also ideal for loan processing & underwriting managers looking to train their existing staff on proven 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 — which you will be required to have fully read & accepted prior to beginning the training class.
Need Help? Call us today at 1-800-865-8550 Press 1 for Sales