Free Download Kickstart Your Mortgage Career as Processor or LO Assistant
Published 5/2024
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Language: English | Duration: 5h 10m | Size: 2.1 GB
Work From Home as you Build Your Mortgage Career: Essential Skills for Processors and Loan Officer Assistants
What you'll learn
Understand the fundamental concepts and structure of the mortgage industry.
Recognize the key players and their roles within the industry.
Identify different positions and roles in the mortgage industry.
Understand the responsibilities and career paths for mortgage professionals.
Gain a high-level overview of the mortgage process and its regulatory framework.
Comprehend the TILA-RESPA Integrated Disclosure (TRID) rule.
Understand tolerance levels and their implications on loan costs and fees.
Learn the requirements for Customer Identification Program (CIP) and Intent to Proceed
Differentiate between various transaction types, eligible properties, and occupancy types.
Understand the different loan programs available in the market.
Complete and review the Uniform Residential Loan Application (URLA) sections and addendums.
Verify borrower credit, income, and assets through appropriate documentation.
Assess and verify property collateral, including appraisals, titles, and insurance.
Prepare comprehensive loan packages for different types of transactions, including purchases, rate-and-term refinances, and cash-out refinances.
Requirements
Must understand English.
Basic math skills
Description
Welcome to our comprehensive course designed to equip individuals with no prior industry experience with the knowledge and skills needed to excel as a Loan Officer Assistant (LOA) or loan processor. This program covers every aspect of these roles, guiding you through the essentials of mortgage processing, from understanding terminology to mastering loan documentation and compliance requirements.Whether you're entirely new to the mortgage industry or seeking a career transition, our comprehensive course, broken into four parts - Introduction, Qualify, Verify, and Packaging - provides the tools you need. Through engaging lectures, practical exercises, and real-world case studies, you'll gain a deep understanding of the mortgage process and develop the expertise necessary to succeed in the dynamic world of mortgage lending.Mortgage Industry Fundamentals: Understanding the basic structure, key players, and various roles within the mortgage industry.Credit and Asset Verification: Learning to review, assess, and verify borrower credit and assets through comprehensive documentation and analysis.Loan Processing Procedures: Mastering the preparation of comprehensive loan packages for different transaction types and ensuring all necessary documentation meets underwriting standards.By the end of the course, you'll be well-prepared to embark on a rewarding career as an LOA or loan processor. You'll be equipped to contribute effectively to any mortgage lending team, bringing valuable knowledge and skills to the table. Join us to build a strong foundation for your new career in the mortgage industry and take the first step toward a successful future in this field.
Who this course is for
High school graduates seeking a well-paid, entry-level position in the mortgage industry.
New mortgage loan originators who want to deepen their understanding of the mortgage process.
Students aiming to earn a significant income, regardless of age.
Anyone seeking a career with stable income and excellent benefits.
Those who want to work from home.
Anyone interested in becoming a Loan Officer Assistant or Mortgage Loan Processor
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