Loan Processing 101 - "The Basics"

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!

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 Upon Course Completion 
  • 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: 

As a 30-year veteran senior mortgage underwriter, Sioux Eisenhower has worked as both a Senior Processor and Underwriter for many major Fortune 500 banks and lenders. During class Sioux works with you directly to review and respond to all your questions. After your class finished, feel free to email Sioux directly with any further questions you may have. 

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. 

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. 

 

Loan Processing 101 - "The Basics"
Select Options Your Price
$395.00