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
  • 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

BOTH CLASSES: Loan Processing 101 and Advanced Processing
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Price $790.00
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