Online Course: Loan Processing 101 - Certificate and CEUs
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Online Class: Loan Processing 101

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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.
Course Cost: 6 Month Subscription
Basic Course (no certificate)   =   $60.00
Course with Online Certificate*   =   $85.00
* Document your course completion with an online certificate (additional shipping/handling charges apply for hard copy delivery). Instantly download, print, and share your certificate and CEUs once awarded. 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, and a Certificate Verification Service you can use so others may view and verify the authenticity of your awards.
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Course Description

As we move into a new era of lending, one in which there will be increased regulations and scrutiny of loan officer activities, it is very critical to have well educated and trained professionals in place capable of knowledgably working with clients and guiding them on their process to secure a loan.

 

Regardless of whether your goal is to work with mortgages/home loans, automobile loans, school/college loans, small business or personal loans, this course will provide you with the tools to help you better understand the overall lending industry and the specific responsibilities undertaken by loan officers from evaluating client's credit histories and financial data to seeking out appropriate lending sources and preparing final loan documentation.

 

Also important for potential loan officer candidates to understand is that the lending environment has a great deal of options with respect to the types of loans available to clients. With varying payment structures, there is a loan type that is custom fit for each and every individual based upon his/her individual earning styles and motivations for paying off the loan with a defined period of time.

 

And, pertaining to the loan officer's earning, there is also a range of incentive structures via which to earn money based upon one's performance as opposed to being relegated to earn a flat fee on an ongoing basis.

 

This is just a sampling of the many options that exist within the wide world of lending. An exciting and worthwhile career, our course  has been designed to act as a guide to help you to get a foothold in the industry.
 
 
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Course Lessons

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Lesson 1 : Introduction to the Loan Officer/Processor Career

This introductory lesson will cover-basic differences between the loan officer and the loan processor; key job responsibilities associated with each; important skills & knowledge areas needed to master; and types of persons well-suited to loan officer/ pr

Lesson 2 : General Financial Lending Industry Overview

In this second lesson, we will provide a general sense of the lending finance industry inclusive of: average loan officer/processor salary ranges; forecast for job opportunities and growth treks within the field; and examples of specific loan officer/proc

Lesson 3 : Steps to Becoming a Loan Officer/Processor

Within the third lesson, we provide the general steps one needs to take in order to become a loan officer/processor inclusive of the associated training; educational background; requirement or non-requirement of official certifications and/or licensings;

Lesson 4 : Basic Skills

Lesson 4 covers the core skills, characteristics and concepts an individual needs to have a good handle on, as well as, those that he/she is willing to learn in an effort to become a successful loan officer/processor.

Lesson 5 : Categories of Loans

This lesson outlines the major types of loans on the market, their prevalence and specific knowledge areas associated with each.

Lesson 6 : Types of Loan Programs

In this lesson, the focus shifts from the loan categories mentioned in lesson 5, to the specified types within each category.

Lesson 7 : Loan Process & Structuring

In lesson 7, we lay out the process a candidate follows when applying for a loan, the specific documents required during the application process and examples of financial asset disclosures that will need to be provided.

Lesson 8 : The Loan Application

Connecting back to lesson 7, because the loan application is so integral to the overall process, within lesson 8, we explore the many facets of the loan application, e.g. set-up--disclosures and application forms; appraisals/credit reports, et al.

Lesson 9 : The Credit Report

Because of the importance in the loan officer/processor being made privy to and being able to fairly evaluate the client's financial history and current standings, within lesson 9, we will outline the procedures for reviewing and evaluating credit reports

Lesson 10 : Final Loan Documentation

In this lesson, we will focus upon those 'official loan documents' both to understand the three main documents that are required and the processes loan officers go through in order to produce such officiating forms.

Lesson 11: Underwriting

Within lesson 11, we touch upon the steps involved the process of securing funds, e.g., available funding sources, stack orders, checklists, understanding DU and LP findings/results, and satisfying conditions.

Lesson 12 : Payment Calculations

In this lesson we will look at the ways in which loan officers/processors ascertain the regular payments clients need to make to remain in good standing on their loans. Further, we will explore the breakdown of the fees and costs associated with borrowing

Lesson 13 : Incentives, How a Loan Officer Makes Money

To provide insight into the methods by which loan officers make money, within lesson 13 we relay the various incentive programs available.

Lesson 14 : Defaults on Loans

Within Lesson 14, we will look at the ramifications loan officers/processors need to face in such instances, and how the anticipation of a specified percentage of non-payers are calculated into the cost of making loans.

Lesson 15 : Current Regulations & Legislations Affecting Loans

In Lesson 15 we will look into some of the more troublesome areas of the lending industry.

Lesson 16 : Basic Loan Terminology, Acronyms and Resources

Within the final lesson, we include definitions for some of the most commonly used terms used within the financial lending industry; provide links and summaries for key industry websites; and list publications relevant to the loan officer profession.

Optional Certificates Awarded

  1. Certificate of Merit
  2. Certificate of Academic Excellence
In addition to the standard Certificate of Course Completion, Merit Awards may be issued by the instructor at his/her own discretion and are based on student achievement. Merit awards also incur an additional $30.00 processing fee that covers the customization, printing, and delivery of the award, as well as access to the UniversalClass™ Portfolio Service that documents your achievements online. Official Merit Awards have a serial number that verifies the authenticity of the award (great for employers to verify your achievement).
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Additional Information

Course Title : Loan Processing 101
CEU Value :

1.0 (Continuing Education Units)

Course Number : 7550143
Course Type : Professional Development
Course URL :

http://loanprocessor.onlineclasses.com

Course Rating : Excellent Course! 4 Star Rating
Instructor :

Jerry Borland

Syllabus :

View Syllabus

Duration : Continuous: Enroll anytime!
Course Fee :

Basic Course: $60

   

with CEUs & Certificate: $85

NOT FOR COLLEGE CREDIT
This is a non-credit course, and is provided for your personal enrichment. This course is not intended to be a substitute for any state, government, licensing, or educational requirements.

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