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 ModulesBelow 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 CompleteThis 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 InformationUpon 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.