| Online Class: Mortgage Loan Processor | The objective of this course is to give you a feel and taste for what a Mortgage Loan Processor (MLP) does, as well as provide you with insight into the skills and duties involved in this position. 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 MLP is, important terms and acronyms of the industry, credit report basics, overview of the URLA 1003, vital steps involved in processing mortgage loans from origination to closing, what a loan package consists of, how to approach reviewing a loan file, verifications, possible underwriting issues, red flag issues, closing the loan, and you will have a chance to apply what you have learned by doing a final -- which consists of a practical exercise.
By the end of this course, you will have a good idea of what a MLP'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.
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!
$149.00 - $145.00
(only for a limited time) Attention Students: Special Discount! Save $4.00 on this class by enrolling right now!Enter this Promotional Code -- 123 -- when you enroll and you will only have to pay $145.00 for the course fee! That's a $4.00 savings. This is a limited time offer only, and will not be available after today, or after the enrollment quota is reached.
| 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.
The course curriculum of Mortgage Loan Processor (Basic) consists of 10 course aspects (the introduction, eight lessons, and a practical exercise that applies what you have learned). Each aspect contains vital instruction for working as a Loan Processor (i.e. there is a lesson solely devoted to understanding what's contained in a loan application, as you must be able to read a loan application in order to know where the information is that must be verified, in order to calculate DTI, or to be able to input information into the loan processing software; there is also a lesson that focuses on reading a credit report, because as a LP, you must be able to ascertain what the AB's credit score is, whether they have filed bankruptcy before, or what loan balances are currently outstanding - all of which a lender will want you to tell them). And there are quizzes, assignments, netlinks, and polls that reinforce the purposeful direction of the course.
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 Class Participation
- Certificate of Academic Excellence
Students completing all course components with an overall score of 70% and above are eligible for the Certificate of Class Participation. Those completing all components and receiving a score of 80% and above are eligible 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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