Course Description
Loan Processors are in powerful demand these days, and the income is excellent! You can work from home or work in an office. Lucrative positions exist in mortgage, retail and consumer loan fields, and the promotional potential is great. This course contains 12 vital lessons that walk you through the steps and duties involved in being a Loan Processor. You will learn what a Loan Processor's job entails, important loan terminology, facets of the loan applications, how to read credit reports; about public policy and disclosures; the standard loan process and the more detailed mortgage loan process; you will be walked through the steps involved in processing loans; gain exposure to several software programs used in loan processing; how to review and assemble a loan package; how to conduct VOD's, VOE's and other necessary verifications; how to troubleshoot underwriting 'hot spots'; discover resources to get you started on your path to becoming a Loan Processor; and you will apply what you learned in the course by doing a practical exercise. Each lesson is reinforced with a valuable assignment, worthwhile quiz, and the course ends with a course final exam that evaluates all that you have learned throughout the course. This course is instructor-guided, and has been designed and is taught by a highly qualified professional.
Course Requirements
There are no course materials to read outside this course.
Course pre-requisites include:
1. Some exposure to the general business environment.
2. An interest in residential lending.
3. A general interest in finance.
Course Goals
1. To teach you loan processing essentials.
2. To provide a solid overview of what Loan Processors do.
Course Materials
There are no required course materials.
Grading Policy
This is a scored, rather than a graded course.
Disclaimer
This course is intended to be informational only, and makes no claims that you will get a job nor that it satisfies or meets any particular educational requirements. Check with your state authorities regarding licensure requirements, if any.
