![]() ![]() Course includes checklist system for insuring all documentation is in file prior to loan submission. Preparing the file for underwriting is a last critical step. Sales Contracts, Condominiums and PUDs, Investment Property, New Construction, and Appraisals.Ģ54.00 Processing Boot Camp - Underwriting Submission This course is designed to take the student through a review of the loan file documentation that applies to the property. The documentation required, as well as the review of whether the borrower has sufficient assets for down payment and closing costs, are reviewed in detail.Ģ53.40 Processor Boot Camp - Reviewing Property Documentation This course reviews the various sources of assets required to document funds required to close. Determining qualifying income, assuring documentation consistency, and avoiding income fraud are all covered.Ģ53.30 Processing Boot Camp - Asset Documentation, Sources and Sufficiency This course reviews the documentation and treatments relating to the borrower's income. Reviewing the credit documentation and evaluating the borrower's monthly debts are the first step in preparing the loan file for submission and underwriter approval.Ģ53.20 Processing Boot Camp - Income Treatment and Documentation This section details the compliance requirements of the mortgage loan file.Ģ53.10 Processing Boot Camp - Documentation Review - Debts, Ratios and Credit Initial regulatory compliance usually is the responsibility of the file opener/set up processor. All of the steps required to begin the processing of a loan file are reviewed.Ģ52.10 Processing Boot Camp - Loan File Set Up - Federal and State Disclosures This course teaches the processor how to Set Up or "open" a new loan file. ![]() This course introduces students to all of the elements he or she will encounter in conducting daily duties - mortgage industry players, products, and regulations. $29.00Ģ51.00 Processing Boot camp - Mortgage Industry Overview This course provides an overview of the processors position and gives the detailed duties and tasks that define the processor's role. This set is also included in the Loan Officer Assistant Program. Take the individual modules below, or the entire boot camp as one. Since 1992 - The ORIGINAL Processing Boot Camp It requires commitment on the part of the student to be an active learner, and to be interested in being a highly professional, ethical, career-minded lender. ![]() The Boot Camp concept is not for everyone. We have been teaching the Loan Officer Boot Camp since 1992 - long before most other instructors and companies were even in the mortgage business. Since 1992 - The ORIGINAL Loan Officer Boot Camp ![]() Tools, Worksheets and Exhibits (electronic).Text - Loan Officer's Practical Guide to Residential Finance (electronic).You have access to the course for 60 days, extendable for 30 days at a time, provided you continue to log-in. With reading and exercises, the course will take several weeks to complete, but you may proceed at your leisure. Currently there are approximately 32 Lessons, for a total of 30 hours of continuous teaching. There is an instructor available to answer questions via chat. The course is currently under construction, with courses being updated and added every day. You can ask questions, clarify material or review other information with an instructor, even ask questions about a case in progress using our "Ask the Instructor" feature. Take the class online and use the same materials as the live class. Case studies, tests, quizzes and a final evaluation provide the understanding that only comes through doing. The course book is included electronically on-line, with the course, for guidance and as a printable reference. Using the same curriculum as the live class, and our advanced technology, users progress through a guided instruction using physical files and exhibits for a "hands-on" feel. In-Class, On Line - Computer Guided, or Self-Paced (Correspondence) Thinking about a career as a residential loan officer? Please read the Free White Paper - A Career as a Residential Loan Officer. To intensively teach initiates the fundamental career skills, product knowledge, process and sales practices, concepts and information they need to form a foundation for becoming successful quickly. ![]()
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