Course

Advanced Loan Processing - "Real World Lessons"

$395.00

This class is provided by CampusMortgage®. This instructor-led 3-hour online training webinar is designed for the experienced and already trained in basic loan processing. This course provides an in-depth understanding of mortgage loan processing from both a loan processor and underwriter’s point of view. Through a variety of loan scenarios, you’ll receive hands-on experience analyzing mortgage loan applications, allowing you to learn first-hand how understanding the basics of mortgage processing and supporting technology will increase your confidence and hone your decision-making skills as an effective mortgage processor. Experienced loan processors will receive an essential refresher and see how other experienced loan processors are handling their analysis. 

Upon completion, students will be able to: apply best practices to processing decisions, use methods and expertise needed to evaluate mortgage files, analyze stipulations from the underwriter, prevent red-flagging, analyze & accurately review appraisals. Also covered in this course: understanding underwriter conditions, how outside vendors such as appraisers and mortgage insurance companies fit into the overall mortgage loan approval process.   

COURSE OUTLINE:

  • Income Review
  • Hourly Wages
  • Seasonal Income
  • Salaried Income
  • Overtime, Bonus & Commissions
  • Alimony/Child Support
  • Social Security/Pension
  • Military Income
  • Automobile Allowance
  • Boarder Income
  • Capital Gains
  • Disability Income
  • Employment Contracts
  • Foreign Income
  • Foster Care Income
  • Housing or Parsonage
  • Interest/Dividend Income
  • Self-Employed Income
  • Sole Proprietor
  • Rental Income
  • Assets Review
  • Stocks, Bonds, Mutual Funds
  • Verification of Assets
  • Large Deposits
  • Gifts
  • Minimum Borrower Contributions
  • Appraisal Review
  • Appraisal Forms
  • Age of Appraisal
  • Sections of the Appraisal
  • Title Review
  • Underwriter Conditions
  • Practice Quiz

Price - $395.00

Course Instructor: Various Trainers