Principles of Mortgage loan Finance.
This is a comprehensive training program covering all aspects of originating and processing of conventional mortgage loans.Covers primary and secondary mortgage market. It is very important that Loan Officers have a good understanding of a loan origination process,and what documentation,verifications and procedures are followed in processing a loan.It is very dificult to obtain required knoweledge without school training, it will take you approximately three to six months of on-the-job training to acquire the knowledge you receive from this accelerated three-week class.This comprehensive loan officer course is designed for the entry-level Loan Originator to provide the skills needed. This course is presented in an easy-to-understand format and covers the basic conventional loan origination guidelines.
This basic loan origination course contains training on:
- Explanation of Mortgage Programs
- Creative Financing Programs
- Federal Regulations and Compliance
- The customer Interview Process
- Reviewing of a Loan Application
- Reviewing a Good Faith Estimate
- Opening and Setting Up the Loan File
- Ordering required Documents
- Verifying Income and Assets
- Reviewing a customer Credit Report
- Reading and Analyzing the Appraisal Report
- Working with the Mortgage Package for Submission