For new and intermediate processing
staff, this course helps to understanding the functions of the processor, loan
file set up, documentation review, loan file submission preparation, satisfying
underwriting results, status communication, and loan closing preparation.
Considering a career as a processor?
-
A Processing Career
and Register for
Free Training
and receive an introduction to the career prospects.
Since 1992 - The ORIGINAL Processing
Boot Camp
We have been teaching the Loan Officer
Boot Camp since 1992 - long before most other instructors and companies were
even in the mortgage business. The Boot Camp concept is not for everyone.
It requires commitment on the part of the student to be an active learner, and
to be interested in being a highly professional, ethical, career-minded lender.
Purchase the entire Processing Boot
Camp now for $189.00 Special 20% Off $151.20 - BUY NOW
(Use Discount Code WINTER20)
This course
introduces students to all of the elements he or she will encounter in
conducting daily duties - mortgage industry players, products, and
regulations.
This course
teaches the processor how to Set Up or "open" a new loan file. All of
the steps required to begin the processing of a loan file are reviewed.
Initial
regulatory compliance usually is the responsibility of the file
opener/set up processor. This section details the compliance
requirements of the mortgage loan file.
Reviewing the
credit documentation and evaluating the borrower's monthly debts are the
first step in preparing the loan file for submission and underwriter
approval.
This course
reviews the documentation and treatments relating to the borrower's
income. Determing qualifying income, assuring documentation
consistency, and avoiding income fraud are all covered.
This course
reviews the various sources of assets required to document funds
required to close. The documentation required, as well as the review of
whether the borrower has sufficient assets for downpayment and closing
costs, are reviewed in detail.
This course
is designed to take the student through a review of the loan file
documentation that applies to the property. Sales Contracts,
Condominiums and PUDs, Investment Property, New Construction, and
Appraisals.
Preparing the
file for underwriting is a last critical step. Course includes
checklist system for insuring all documentation is in file prior to loan
submission.
