National Association of Mortgage Underwriters (NAMU)®

Need Help? Call us today toll-free at 1-800-865-8550 Press 1

COURSE DESCRIPTION: 

Take our Loan Processing 101 and Advanced Loan Processing, 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

**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.

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)
  

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, 2) Internet (DSL or higher) and 3) Computer Speakers. Please check beforehand to make sure these items are working properly. 


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 toll-free at 1-800-865-8550 Press 1