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Course Meeting Times: |
Continuous
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Course Description
Mortgage 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 brokers and banks, and the potential for incentives and bonuses is great. This self-paced course contains 10 vital lessons that walk you through the steps and duties involved in being a Mortgage Loan Processor. You will learn what a Mortgage Loan Processor's job entails, important loan terminology, facets of the loan applications, how to read credit reports; about public policy and disclosures; steps in the mortgage loan process; you will be walked through what goes into assembling a loan package; how to conduct VOD's, VOE's and other necessary verifications; what red flags are and how to recognize them; 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. Lesson are reinforced with valuable assignments, worthwhile quizzes, and the course ends with a course final exam that evaluates all that you learned throughout the course. This course is instructor-guided, and has been designed and is taught by a highly qualified professional.
This is one of several related mortgage and loan courses as follows:
1. Mortgage Loan Officer - This course is an entry level course that teaches the fundamentals of being a Mortgage Loan Officer.
2. Loan Processor - This course is a general consumer loan processor course for various consumer settings: banks, pay day loans, auto financing, furniture and retail, tax refund loans, and home loans.
3. Mortgage Loan Processor (Basic) - This course focuses on mortgage loan processing fundamentals. It is to be a prerequisite course for an upcoming Mortgage Loan Processor (Applied) course.
4. Mortgage Loan Officer and Processor (Combo) - This course is a combination course consisting of Mortgage Loan Officer and Mortgage Loan Processor courses.
5. Mortgage Loan Officer and Processor (Quick Version) - This course is a specially streamline-edited version of the combo course.
Course Requirements
Mortgage Loan Processor students need to have:
(1) Exposure to business; or
(2) A desire to learn how mortgage loans are processed; or
(3) Experience having bought something that was financed.
This course is self-encapsulated, meaning there are no additional materials required.
Course Goals
1. To teach you mortgage loan processing essentials.
2. To provide a solid overview of what Mortgage Loan Processors do.
Course Materials
This is a self-encapsulated course, meaning there are no additional materials required.
Grading Policy
This is a scored, not graded course. To pass this course, you must complete all lessons and course components with a score of 70% and above to qualify for the Certificate of Participation. To qualify for merit-based certificates, you must complete all lessons and course components and receive an overall score of 80% or above.
Disclaimer
This course is intended to be informational, and makes no claims that you will get a job or satisfy any particular educational requirement. Check with your state authorities regarding licensure requirements, if any.
