Online Class: Loan Processing 101
We're sorry, this course is no longer open for enrollment.
-
17Lessons
-
34Exams &
Assignments -
15Hours
average time -
1.5CEUs
Course Description
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.
- Completely Online
- Self-Paced
- 6 Months to Complete
- 24/7 Availability
- Start Anytime
- PC & Mac Compatible
- Android & iOS Friendly
- Accredited CEUs

Course Lessons
Lesson 1 : Introduction to the Loan Officer/Processor Career
Complete Assignment: Lesson 1: Basics Skills of a Loan Officer
Complete Assignment: An Introduction
Assessment: Quiz for Lesson 1 : Introduction to the Loan Officer/Processor Career
Lesson 2 : General Financial Lending Industry Overview
Complete Assignment: Lesson 2: Financing Industry Basics
Assessment: Quiz for Lesson 2 : General Financial Lending Industry Overview
Lesson 3 : Steps to Becoming a Loan Officer/Processor
Lesson discussions: Responsibilities of a Loan Officer
Complete Assignment: Lesson 3: Education and Training
Assessment: Quiz for Lesson 3 : Steps to Becoming a Loan Officer/Processor
Lesson 4 : Basic Skills
Lesson discussions: Skills Required by the Loan Officer
Complete Assignment: Lesson 4: Basics & Application Skills
Assessment: Quiz for Lesson 4 : Basic Skills
Lesson 5 : Categories of Loans
Complete Assignment: Lesson 5: Types of Loans
Assessment: Quiz for Lesson 5 : Categories of Loans
Lesson 6 : Types of Loan Programs
Complete Assignment: Lesson 6: Loan Detailing
Assessment: Quiz for Lesson 6 : Types of Loan Programs
Lesson 7 : Loan Process & Structuring
Complete Assignment: Lesson 7: Loan Structure
Assessment: Quiz for Lesson 7 : Loan Process & Structuring
Lesson 8 : The Loan Application
Complete Assignment: Lesson 8: Loan Application Process
Assessment: Quiz for Lesson 8 : The Loan Application
Lesson 9 : The Credit Report
Review 2 Practice Worksheets
Complete Assignment: Lesson 9: Dealing with Bad Habits
Assessment: Quiz for Lesson 9 : The Credit Report
Lesson 10 : Final Loan Documentation
Complete Assignment: Lesson 10: Official Loan Documents
Assessment: Quiz for Lesson 10 : Final Loan Documentation
Lesson 11 : Loan Processing Step-By-Step Procedures
Lesson 12: Underwriting
Complete Assignment: Lesson 12: Further Process in Loan Application
Assessment: Quiz for Lesson 11 : Underwriting
Lesson 13 : Payment Calculations
Complete Assignment: Financial Lending Formula
Assessment: Quiz for Lesson 12 : Payment Calculations
Lesson 14 : Incentives, How a Loan Officer Makes Money
Complete Assignment: Lesson 13: Incentives of Loan Officer
Assessment: Quiz for Lesson 14 : Incentives, How a Loan Officer Makes Money
Lesson 15 : Defaults on Loans
Complete Assignment: Lesson 14: Default: Definition
Assessment: Quiz for Lesson 15 : Defaults on Loans
Lesson 16 : Current Regulations and Legislation Affecting Loans
Complete Assignment: Lesson 15: Default: Definition
Assessment: Quiz for Lesson 16 : Current Regulations & Legislations Affecting Loans
Lesson 17 : Basic Loan Terminology, Acronyms and Resources
Lesson discussions: Career Challanges of a Loan Officer; Program Evaluation Follow-up Survey (End of Course); Course Comments
Complete Assignment: Lesson 16: Mini Loan Glossary
Assessment: Quiz for Lesson 16 : Basic Loan Terminology, Acronyms and Resources
Assessment: The Final Exam
Learning Outcomes
- Define the role of the Loan Officer.
- Describe general financial lending industry.
- Describe the steps to becoming a loan officer/processor.
- Define basic skills needed for this career option.
- Define categories of loans.
- Define types of loan programs.
- Summarize the loan process and loan structuring.
- Summarize the loan application.
- Describe the credit report.
- Identify final loan documentation.
- Demonstrate loan processing step-by-step procedures.
- Summarize underwriting.
- Describe payment calculations.
- Describe incentives, how a loan officer makes money.
- Summarize defaults on loans.
- Summarize current regulations and legislations affecting loans.
- Define basic loan terminology and acronyms.
- Demonstrate mastery of lesson content at levels of 70% or higher.
Student Testimonials
- "The Instructor was great and put together a great way of learning Loan Processing." -- Donna P.
- "I enjoyed the class." -- Eileen T.
- "I felt all the material given was able to explain everything I needed to know about Loan Processing and the procedures that it takes to be a good Loan Officer. I enjoyed taking this online course." -- Wesley H.
- "It was great to be able to still do my job and take the course when it was convenient." -- Ardeth L.
- "I enjoyed it, and my instructor was very nice." -- Katherine N.
Related Courses
-
32 hours 3.2 CEUs Economics: Complete Edition $150.00
-
87 hours 8.7 CEUs Writing Help Course Bundle $135.00
-
29 hours 2.9 CEUs Human Resources Productivity Course Bundle $120.00
-
19 hours 1.9 CEUs Business Writing $95.00
-
5 hours 0.5 CEUs Personal Finance 101: How to Manage Your Money $95.00
-
6 hours 0.6 CEUs Persuasion Techniques $95.00
-
5 hours 0.5 CEUs Business Etiquette $95.00
-
12 hours 1.2 CEUs Writing Effective Persuasion $95.00
-
2 hours 0.2 CEUs Understanding Insurance Types $95.00
-
5 hours 0.5 CEUs Accounts Receivable Management $95.00
-
14 hours 1.4 CEUs Journalism 101 $95.00
-
5 hours 0.5 CEUs Operations Management 101 $95.00
-
9 hours 0.9 CEUs Introduction to Six Sigma $95.00
-
7 hours 0.7 CEUs Innovative Thinking $95.00
-
11 hours 1.1 CEUs Landlord 101: Managing Rental Properties $95.00
-
5 hours 0.5 CEUs Team Building 101 $95.00
-
7 hours 0.7 CEUs Understanding Financial Statements $95.00
-
9 hours 0.9 CEUs ABCs of Technical Writing $95.00
-
12 hours 1.2 CEUs How to Write Case Studies $95.00
-
6 hours 0.6 CEUs Workplace Violence: A Guide to Responding and Preventing $95.00
-
7 hours 0.7 CEUs Accounts Payable Management $95.00
-
4 hours 0.4 CEUs Purchasing and Vendor Management 101 $95.00
-
11 hours 1.1 CEUs Writing Effective Emails in the Workplace $95.00
-
5 hours 0.5 CEUs Home Business $95.00
-
5 hours 0.5 CEUs Workers' Compensation 101 $95.00
-
9 hours 0.9 CEUs Business Management $110.00
-
7 hours 0.7 CEUs Collaboration Skills $95.00
-
5 hours 0.5 CEUs Critical Thinking $95.00
-
6 hours 0.6 CEUs Debt Reduction $95.00
-
5 hours 0.5 CEUs Lawful Employee Termination $95.00
-
3 hours 0.3 CEUs Business Credit 101 $95.00
-
8 hours 0.8 CEUs Legal Terminology 101 $95.00
-
7 hours 0.7 CEUs Management Consultant 101 $95.00
-
6 hours 0.6 CEUs Mindfulness in the Workplace $95.00
-
12 hours 1.2 CEUs Business Math 101 $105.00
-
8 hours 0.8 CEUs Procurement Management $95.00
-
5 hours 0.5 CEUs Recruitment and Retention Strategies $95.00