BACK
Basic Loan Processing
This class is approved for continuing education in
FL, IN, MD, MT, NV and TX.
Basic Loan Processing
Training is a 2-day seminar for new and slightly experienced Loan Processors.
This is a complete “how-to” class that provides training in the basics of
mortgage loan processing.
Topics Covered:
·
- “How-to” class
teaching the basics of mortgage loan processing ·
- Vocabulary and
processing timelines ·
- Application
form (1003) “how-to’s” ·
- All
verifications and support documents ·
- Compliance
issues – RESPA and state regulations ·
- Title report
& appraisals ·
- Packaging a
file for submission ·
- Clearing
conditions and “Red Flags” underwriters look at ·
- Difference
between DU and LP and how to effectively submit files using automated
underwriting Reference Manual: ·
- Very detailed
with information from application to closing (in order) ·
- Includes
“state specific” documentation ·
- Detailed
glossary with industry terminology ·
- Addendums
section includes file documentation Class Specifications: ·
- Interactive
class encouraging student participation ·
- Hold no more
than 35 students for optimum education ·
- Trainer staff
with an average of 15+ years in the industry and still partaking in area of
training
Includes
- Comprehensive
reference manual
- Handouts
- Certificate of
completion · Certificate of completion serves as proof of education (to view a
list of your state’s requirements and MTI’s state approvals click
here
)