BOTH CLASSES: Loan Processing 101 and Advanced Processing

BOTH CLASSES: Loan Processing 101 and Advanced ProcessingNeed Help? Call us today toll free at 1 800 865 8550 Press 1 for SalesCOURSE DESCRIPTION: Take our Loan Processing 101 "The Basics" and Advanced Loan Processing "Real World Lessons" instructor led online recorded webinars, 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

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

COURSE DESCRIPTION: Take our Loan Processing 101 - "The Basics" and Advanced Loan Processing - "Real World Lessons" instructor-led online recorded webinars, 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
• All Course Materials are Downloaded as PDF Files
• Source Links Included - Get Further Clarity & Updates
• Certificates 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. 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, 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