The ABC's of Processing 

Course Outline

This course will provide students with a basic understanding and function of Loan Officers and Loan Processors. The information provided gives the students the skills to be an effective Loan Processor. It provides intensive loan processing training in the basics of residential mortgage application, title, appraisal, credit reports and income calculation.

 Purpose
Introduction
Mortgage Lending Acronyms
Analyzing the Loan File
Loan Disclosure Documentation
How to Analyzing Credit Reports
Reviewing Appraisal Reports
Reviewing Title Report
Calculating Income
Verifying Employment
How and When to request file documentation
Alternative ways to meet documentation and underwriting conditions
Avoiding Closing Delays
Avoiding Funding Delays
The Ten Biggest Processor Mistakes