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BOTH CLASSES: Loan Processing 101 and Advanced Processing
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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:
- Course Length: 6 Hours (3 Hours for Each Class)
- Instructor-Led Online Webinar
- Duration: 24/7 Access for 1-Year
- 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. Note: dial-up internet connection will not work and wireless internet must have a full signal.
GRADUATION:
Upon successful completion of this course, you will be able to download & save your Certificate of Completion as a PDF file.
JOB SEARCH RESOURCES:
Upon request, we can provide you with Job Search Resources which are simply considered a value added benefit of purchasing a CampusMortgage® training webinar. The Job Search Resources will be emailed to you as a PDF file, and contain various links to help in your job search process. These links include: mortgage industry networking sites, job posting sites, resume builder sites and more. Please note: The Job Search Resources are not to be considered job placement assistance as we view that as a conflict of interest.
Refund Policy & Terms of Use: Before purchasing any NAMU®/NAMP® certification program or CampusMortgage® training class, we recommend you thoroughly read our Refund Policy & Terms of Use.
Need Help? Call us today toll-free at 1-800-865-8550 Press 1
