Loan Processor Boot Camp Online Course: ID# 1005811
Price: $995.00
Qty:
About This Course:
The "Loan Processor Boot Camp" is offered through the National Association of Mortgage Processors (NAMP)®. This comprehensive training program covers a variety of key mortgage processor training areas. The program consists of several instructor-led online training modules and an exam at the end of the program.
The Modules Below are the module titles and just a few of the learning items covered in each module.
Loan Processing 101 - The Basics The loan cycle Processor duties Loan documentation Advanced Loan Processing - Real World Lessons Overtime, Bonuses, And Commissions Seasonal and salaried income Appraisal review FHA/VA Processing What are FHA/VA Loans? DO/DU or LP approval TILA-RESPA Integrated Disclosures (TRID) Mortgage Underwriter 101 - The Essentials Loan Programs Underwriting tools Credit report review Calculating Income, DTI, And LTV Workshop Hourly wage/salary wage calculations Social security and pension calculations PITI, PITIA, Housing Ratio, Total Ratio, and Payment Shock calculations Appraisal Review Workshop Appraisal purpose/responsibilities Appraisal Section Review Credit report review Tax Returns Analysis Workshop Loan Programs Underwriting tools FHA, MPR, and MPS Anticipated Time To Complete This online program will take approximately 24 hours to complete. You do not have to complete this program in one sitting - there are bookmarks that allow you to stop and restart as needed.
Access Information Upon enrollment, you will receive an email from the course provider (CampusMortgage®) with links and passwords to access your course. You will have full access to the course and it's modules for one full year.
Top FAQs A mortgage processor is responsible for assembling, administering, and processing loan application paperwork before it gets approved.
A mortgage processor collects and reviews income, expenses, etc. If the information is favorable, the loan application is forwarded for loan underwriting. Essentially, the process determines the lender's ability to repay the loan.
While Mortgage Loan Officers must be licensed, most states do not require loan processors to be licensed. That said, be sure to check your state's requirements.
Depending on where you live, loan processors can expect to earn $50,000 or more.
