Need Help? Call us today at 1-800-865-8550 Press 1 for SalesCOURSE DESCRIPTION: Take our Loan Processing 101 and Advanced Loan Processing training classes, 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 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) 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. 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 at 1-800-865-8550 Press 1 for Sales
