.png)
BOTH CLASSES: Loan Processing 101 and Advanced Processing
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 and Loan Ratio Calculations
- The Loan Cycle
- Processor Duties
- Loan Documentation
- Disclosure Basics (including an in-depth review of the LE)
- Credit Report Review
- Automated Underwriting System (DU/LP) Review
- The Three Verifications (VOE, VOD, VOR/VOM)
- Purchase Agreements
- Tips for the Submission Package
- Review Applications
- Thoroughly Understand Credit Reports
- Income Documentation
- Assets Documentation
- Appraisals
- Ratios
- Loan to Value
- Income Requirements
- Asset Requirements
**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
- Certificate of Completion Downloaded as a PDF File
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
