Kickstart Your Mortgage Career as: Processor or LO Assistant

Kickstart Your Mortgage Career as: Processor or LO Assistant, available at $149.99, has an average rating of 3.88, with 108 lectures, based on 4 reviews, and has 14 subscribers.

You will learn about 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. This course is ideal for individuals who are High school graduates seeking a well-paid, entry-level position in the mortgage industry. or New mortgage loan originators who want to deepen their understanding of the mortgage process. or Students aiming to earn a significant income, regardless of age. or Anyone seeking a career with stable income and excellent benefits. or Those who want to work from home. or Anyone interested in becoming a Loan Officer Assistant or Mortgage Loan Processor It is particularly useful for High school graduates seeking a well-paid, entry-level position in the mortgage industry. or New mortgage loan originators who want to deepen their understanding of the mortgage process. or Students aiming to earn a significant income, regardless of age. or Anyone seeking a career with stable income and excellent benefits. or Those who want to work from home. or Anyone interested in becoming a Loan Officer Assistant or Mortgage Loan Processor.

Enroll now: Kickstart Your Mortgage Career as: Processor or LO Assistant

Summary

Title: Kickstart Your Mortgage Career as: Processor or LO Assistant

Price: $149.99

Average Rating: 3.88

Number of Lectures: 108

Number of Published Lectures: 107

Number of Curriculum Items: 108

Number of Published Curriculum Objects: 107

Original Price: $149.99

Quality Status: approved

Status: Live

What You Will 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.

Who Should Attend

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

Target Audiences

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

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.

Course Curriculum

Chapter 1: INTRODUCTION – The Mortgage Industry

Lecture 1: Introduction to the Mortgage Industry

Lecture 2: History of the Mortgage Industry

Lecture 3: FHA (Federal Housing Administration)

Lecture 4: Fannie Mae (FNMA)

Lecture 5: VA Loans

Lecture 6: Freddie Mac (FHLMC)

Lecture 7: USDA Single Family Housing Guaranteed Loan Program

Chapter 2: INTRODUCTION – Lending Institutions and Roles

Lecture 1: Introduction

Lecture 2: Types of Lending institutions

Lecture 3: Positions

Lecture 4: Mortgage Loan Originators MLO

Lecture 5: Openers

Lecture 6: Mortgage Loan Processor

Lecture 7: Mortgage Underwriter

Lecture 8: Closer/Funder

Lecture 9: Post Closing

Lecture 10: Review

Lecture 11: Who Am I? (1)

Lecture 12: Who Am I? (2)

Lecture 13: Who Am I? (3)

Lecture 14: Who Am I? (4)

Lecture 15: Who Am I? (5)

Lecture 16: Who Am I? (6)

Chapter 3: INTRODUCTION – Compliance

Lecture 1: Intro to Compliance

Lecture 2: Application

Lecture 3: TILA-RESPA Integrated Disclosures (TRID )

Lecture 4: Loan Estimate (LE)

Lecture 5: Closing Disclosure (CD)

Lecture 6: Disclosure Tolerance

Lecture 7: Customer Identification Program (CIP) and Intent to Proceed (ITP)

Lecture 8: Additional Loan Disclosures

Lecture 9: Governing Agencies

Lecture 10: Review

Chapter 4: INTRODUCTION – Transactions and Loan Programs

Lecture 1: Eligible Properties

Lecture 2: Occupancy Types

Lecture 3: Types of Transactions

Lecture 4: Loan Types

Chapter 5: INTRODUCTION – Mortgage Math

Lecture 1: Introduction

Lecture 2: Loan Amounts

Lecture 3: Loan Amount Case Study

Lecture 4: Loan-to-Value

Lecture 5: Loan-to-Value Case Study

Lecture 6: Debt to Income DTI

Chapter 6: INTRODUCTION – 4Cs of Credit

Lecture 1: Intro

Lecture 2: Character (Credit)

Lecture 3: Capacity (Income)

Lecture 4: Collateral (Property)_ Automated Underwriting System (AUS)

Lecture 5: Review

Chapter 7: QUALIFY – Uniform Residential Loan Application (URLA)

Lecture 1: Qualify – Introduction to Uniform Residential Loan Application (URLA)

Lecture 2: Qualify- URLA_Section 1 Borrower Info

Lecture 3: Qualify- URLA_Section 2 Financial Information

Lecture 4: Qualify- URLA_Section 3_Financial Info_Real Estate

Lecture 5: Qualify-URLA_Section 4 Loan and Property Info

Lecture 6: Qualify- URLA_Section 4 Loan and Property Info

Lecture 7: Qualify- URLA_Section 5_Declarations

Lecture 8: Qualify- URLA_Section 6_Acknowlegement and Agreements

Lecture 9: Qualify- URLA_Section 7 Military Service

Lecture 10: Qualify- URLA_Section 8 Demographic Info

Lecture 11: Qualify- URLA_Section 9 Loan Origination Info

Lecture 12: Qualify- URLA_Additional Borrower

Lecture 13: Qualify- URLA_Continuation Sheet

Lecture 14: Qualify- URLA_Unmarried borrower Addendum

Lecture 15: Qualify- URLA_Lender Loan Information L1 Property and Loan Information

Lecture 16: Qualify- URLA_Lender Loan Information L2 Title Loan Information

Lecture 17: Qualify- URLA_Lender Loan Information L3 Mortgage Loan Information

Lecture 18: Qualify – URLA_Lender Loan Information L4 Qualifying the Borrower

Chapter 8: QUALIFY – Breakdown of the Credit Bureau Report

Lecture 1: Breakdown of the Credit Report_Introduction

Lecture 2: Heading

Lecture 3: Summary

Lecture 4: Credit Scores

Lecture 5: Public Records

Lecture 6: Tradelines

Lecture 7: Variations

Lecture 8: Inquiries

Lecture 9: Address Information

Lecture 10: Employment Information

Lecture 11: AKA_OFAC_Fraud_ Creditor Info_Disc_End of Report

Chapter 9: VERIFY – Credit Verification

Lecture 1: Verify – Introduction to Credit Documentation

Lecture 2: Verification of Rent (VOR)/ Verification of Mortgage (VOM)

Lecture 3: Letter of Explanations (LOE)

Lecture 4: Payoff/Demand Letter

Lecture 5: Bankruptcy/Foreclosure

Lecture 6: Credit Documentation Case Study

Chapter 10: VERIFY – Asset Verification

Lecture 1: Depository Assets

Lecture 2: Retirement Assets

Lecture 3: Stocks, Bonds & Mutual Funds

Lecture 4: Gift Funds

Lecture 5: Asset Verification Case Study

Chapter 11: VERIFY – Income Verification

Lecture 1: Introduction to Verifying Income

Instructors

Dionne Bass
NMLS Course Provider & Creator, FAMP Instructor & Mentor

Rating Distribution

1 stars: 0 votes
2 stars: 1 votes
3 stars: 1 votes
4 stars: 0 votes
5 stars: 2 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

Menu