Loan Processing 101 - "The Basics"
- Item #: MU-LP-101
Need Help? Call us today toll-free at 1-800-665-0249.
COURSE DESCRIPTION:
This live, instructor-led 6-hour online training webinar is designed for new mortgage loan processors as well as existing loan processors who never received formal loan processing training or perhaps developed bad habits.
Mortgage loan processors are in powerful demand these days, and the income is excellent! Lucrative positions exist in mortgage, retail and consumer loan fields, and the promotional potential is great. Loan Processor 101 - "The Basics" is an in-depth study of conventional loan calculation and requirements. It provides intensive loan processing training in the basics of residential mortgage application, title, appraisal, credit reports and much more!
This basic course provides an thorough understanding of mortgage loan processing from both a loan processor and underwriter’s point of view. You'll learn about how to correctly read an appraisal report, title, TILA, GFE, 1003, how to properly stack a file for the underwriter, and much more!
Need Help? Call us today toll-free at 1-800-665-0249.
COURSE OUTLINE:
- The “Cycle of a Loan”
- How a Processor Interacts with Other Departments
- The Roles and Responsibility of Each Department (Including Loan Officer, Set-up, Processing, Underwriting and Closing)
- How the Application and Other Documents Create the Loan File
- How to “Properly” Stack a File for Underwriting
- How to Use the “Stacking Order” to Organize the Loan File and Help Expedite the Closing Cycle
- Analyze Loan Information for Completeness, Accuracy and Adherence to Policies and Procedures
- Learn the Various Scripts Used by Professional Mortgage Processors and Print Them for Use on Your Next Assignment or Job.
- OPEN FORUM Q&A - Ask The Expert
COURSE FORMAT:
- Live, Instructor-Led Webinar -- Held Monthly
- Fully Interactive - Ability to Ask Questions to Instructor
- Recorded Self-Study Included at NO Extra Charge - Watch 24/7
- 6-Hours Total
- All Course Material Included
- Certificate of Completion E-mailed as a PDF File
- FREE Unlimited Training for 1 Year
- Job Placement Resources (Upon Request)
WHO SHOULD ATTEND:
This Basic Loan Processing class is ideal for mortgage loan processors, underwriters, compliance officers, closers and post-closers looking to perfect their mortgage processing skills.
HOW IT WORKS:
1. You need a Computer, Internet Connection (DSL speed or higher), and Computer Speakers.
2. Each day of class you will be emailed an invite with your log-in/password. From here, you can click the link, enter your password, and download/print that day's course materials. Finally, you'll be able to log into the class up to 1/2 hour before the class start time.
3. Once the class starts, you will hear the instructor speak through your computer speakers. You will also have the ability to ask questions through the online chat feature located on the right-hand side of our online training platform. We encourage you to ask LOTS OF QUESTIONS!
ABOUT THE INSTRUCTOR:
Daniel Garcia currently works for a non-profit housing and community development corporation where he serves as a senior loan officer and heads up the organization’s homebuyer education program. Daniel also provides consultation services to other non-profit housing organizations nationwide, training in the areas of mortgage qualification and processing, state and federal laws, adult education training methods, and credit/foreclosure intervention counseling and program setup. He gained a variety of experience, from processing and loan originating to loan servicing and loss mitigation. Daniel is committed to helping every professional that he provides training to, obtain a complete understanding of the information presented.
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 course completion, you will be emailed your certificate of completion.
STUDENT TESTIMONIAL:
"Your basic loan processing class was excellent! I never received formal training from my job, so I need to start from the beginning. This class showed me everything from reading credit reports to title to even stacking a file for the underwriter. Thanks for all your help!" - Troy Levitt, Junior Loan Processor, Naples, FL
OUR CLIENTS:
Our students come from such mortgage lending institutions as Bank of America, SunTrust, Wachovia, Wells Fargo, Fifth Third Bank, Eagle Nationwide Mortgage, Credit Unions and many more!
REGISTRATION DEADLINE:
Each LIVE class has NO more than 30 students. With this in mind, live classes typically fill up 1-3 weeks ahead of time. NOTE: It is highly recommended you reserve your spot early for the live session, and in the meantime, we can provide you with the Recorded Self-Study (at no extra cost), so you can begin your training immediately.
Need Help? Call Us Today Toll-Free at 1-800-665-0249.
