| Online Class: Loan Processor Course | This course was designed to provide the basic essentials for those considering entering the field of loan processing. Because the demand for Mortgage Loan Processors exceeds that of Consumer or other Loan Processors, you will find this course to have an overtone favoring that specific direction. Nonetheless, the course does double as a generalized tutorial for becoming a Loan Processor in either application.
The objective of this course is to prepare you to enter the field of loan processing. To that end, you will get a bird's eye view of what that entails. You will learn the basics: what the role of the Loan Processor is, vital loan terminology, methods of loan processing, critical aspects of loan applications, credit report information, the standard loan process and mortgage loan process, steps involved in processing loans and mortgage loans from origination to closing, what a loan package consists of, how to approach reviewing a loan file, verifications, possible underwriting issues, closing the loan, and applying what you have learned.
By the end of this course, you will have a good idea of what a Loan Processor's duties are, what skills are necessary to succeed in the position, and basic essential knowledge for prospectively stepping into the field.
Enroll today! This is a self-paced, online course. You have 6 months to finish.
An instructor will monitor your progress and assess your body of work at course completion. UniversalClass™ offers many wonderful learning tools
to help you get the most out of your online course, including an online portfolio service
that manages all your course completions.
This class has been officially reviewed by our Course Review Committee that scrutinizes course content and instructor participation. This course has received our Committee's highest rating: 4 stars.
If you would like to receive more information
regarding this course, scroll down and fill out the "Request More Information"
form and we'll try to answer any of your questions within the day.
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1.0 CEUs |
Course Description Special Offer!
$129.00 - $95.00
(only for a limited time) Attention Students: Special Discount! Save $34.00 on this class by enrolling right now!Enter this Promotional Code -- Disc -- when you enroll and you will only have to pay $95.00 for the course fee! That's a $34.00 savings. This is a limited time offer only, and will not be available after today, or after the enrollment quota is reached.
| 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.
This course is a self-paced, professionally written, and simply designed online course you can do in the privacy and comfort of your own home. This course was designed to cover fundamental knowledge a Loan Processor needs, as well as an understanding of basic loan processing essentials. It assumes you have worked in a business or retail setting, and possess an understanding of financial transactions in a fundamental sense. It also assumes you understand that this course is not a substitute for the more pertinent, individualized, and technical on-the-job training you will get when you are hired in this field. Instructor Dezra Lehr-Guthrie is an established instructor of 20 courses, and an honored recipient of the Century Teacher award, as well as three other awards, on Universal Class. Her pertinent background knowledge, education and experience comes primarily from direct work in the government and consumer loan arena. She also has a particularly strong background in business, and teaches various aspects of business for her local community college.
This course offers 1.0 CEUs upon successful completion. You may take this
online course with or without CEU documentation. An online and hard-copy Certificate of Course Completion displaying your coursework and
CEUs earned is included with the CEU Option. We also offer an expedited Transcript Service for sending your accomplishments to a third party.
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Course Lessons Optional Certificates Awarded - Certificate of Attendance
- Certificate of Class Participation
- Certificate of Appreciation
- Certificate of Merit
- Certificate of Outstanding Achievement
- Certificate of Academic Excellence
You must complete all lessons and course components, and do so with an overall score of 75% to be eligible for all certificates, except the Certificate of Academic Excellence, which requires passing the course with a score of 80% or better. If you are serious about procuring a position as a Loan Processor, that you shoot for getting at least 80%, so that you qualify for the Certificate of Academic Excellence.
Certificates awarded by the instructor will vary and are based upon student merit.
Any awards you earn are considered unofficial (or temporary) unless you decide to make the award official.
To make an award official, there is a $30.00 processing fee that covers the customization, printing, and shipping of a hard copy of the certificate as well as access to the UniversalClass™ Transcript Service.
Official awards include a serial number that verifies the authenticity of the award you earned for a lifetime (great for employers
to verify your achievement).
Additional Information |
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