Advanced Mortgage Loan Processor: Essential Skills Training
Original price was: $99.99.$17.99Current price is: $17.99.
What you’ll learn
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Learn how to calculate a salaried borrowers income.
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Learn how to read and understand an appraisal and how property values are obtained.
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Become a pro at locking rates and understanding how rates affect a loans approval.
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Develop a deeper knowledge of verifications of employment to get more loans approved.
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Learn how to become more valuable as a processor by completing more of the necessary task to close more loans.
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Read and know what to request on a homeowners declaration page to get more loans closed.
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Understand the importance of a survey and when it should be ordered and by who.
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Learn how to obtain invoices for third party fees so that you loan is compliant and the lenders clears your loan to close.
Advanced mortgage loan processor training will give you the knowledge to earn a higher income. This course goes from theory to practical examples. Lenders are hiring mortgage loan processors by the hundreds!
This fast-paced course will go over the most fundamental tasks processors need to master such as: requesting a change in circumstance, being able to read and understand Loan Prospector findings, outsource basic processing tasks to third party vendors which will reduce your time on repetitive tasks and will allow you to focus more on providing the best service possible. You will also learn to calculate salaried and self-employed borrowers income quickly and easily with practice questions taught by the instructor. Besides that, you’ll also review common calculations you will see every day in an exercise format. These realistic exercises will teach you how to calculate the debt-to-income ratio, loan-to-value, cash to close, borrowers middle credit score when you only have two credit scores or just one, plus, how to calculate all of these in one loan scenario. This course will even go over a real life conditional approval in detail just like you will need to do when you process loans for banks and lenders. If you’re looking to start a career in real estate or mortgage and want to receive a salary and not a commission, becoming a loan processor is the right choice.
Main benefits of this course and of being an advanced mortgage loan processor are:
– Earn a great starting salary and possibly a sign on bonus
This course includes the contact information for 2 lenders that are currently hiring and need loan processors and other mortgage positions paying $40,000 – $100,000+ per year.
– Work remotely from home and have a flexible work schedule
– Become an expert on home mortgages
– Quickly and easily change careers into a high demand market
Once you start working as a mortgage loan processor, you can quickly move up to becoming a senior loan processor which are the highest paid form of loan processors. By completing this course, you will learn much of the knowledge senior loan processors have which will allow you to increase your income and potential for other higher paid positions within a bank, lender, or mortgage company.
The first section of this course will take you through three enormously important elements of loan processing: quickly running the debt-to-income ratio, loan-to-value, and calculating the cash to close for different borrowers. How to calculate a salaried and self-employed borrowers income. In the second section of this course, you will learn what lenders are the easiest to process loans with and what tools they offer to make processing faster. You will also learn what lenders are hiring and how to get hired by using some of the techniques which I have seen work in the past.
Once you complete this course, you will have advanced loan processing knowledge and a course diploma to show employers. A course diploma will be available to you when all sections have been completed at 100% which you can save or print. For instructions on downloading your course diploma you can go to: https://support.udemy.com/hc/en-us/articles/229603868-Certificate-of-Completion
Your instructor
Joseph Correa is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans and processed many of them, he has the necessary processing knowledge to help you become a success. In the past, he has also owned a correspondent lender business and invested in real estate.
This course is more advanced so if you haven’t taken my “Become a Mortgage Loan Processor” course, I would suggest you start with that one first but you are welcome to start with this one and then move on to that one.
Who this course is for:
- Anyone who wants to start a position as a mortgage loan processor in office or remotely.
- Anyone who wants to start a stable job with a stable salary in a high demand position.
- Anyone who currently works in a related field and wants to try something new.
- Anyone who wants to learn more about mortgages.
- Anyone who is willing to work hard and has the desire to improve their career path.
10 reviews for Advanced Mortgage Loan Processor: Essential Skills Training
Add a review
Original price was: $99.99.$17.99Current price is: $17.99.
Susan Keiser –
Great examples of difference btween FHA and Conventional loan pmts with differing interest rates and different monthly payments that could benefit the borrower!
Faisal Humayun –
I took both of his courses on Mortgage Loan Processing. As a new person going into this field, I found it very informative and easy to follow. There are resources that you can download for easy reference and his podcast is also very informative. I would agree that a course on the software used in this field would be a perfect addition. Thanks Joe for your guidance in the MLP field. Now, can I remote shadow you? 🙂
Lenore Williams –
I am a notary signing agent. I’m the last piece in the closing process. I am about to embark on becoming an MLO. This course is great so far. Straight to the point, with really good examples…the instructor speaks a little too fast, but no biggie, I just press rewind. Overall I’m pleased with my purchase.
Liana Chavarria –
I’m excited to move forward with this career. Great information
Frances Brooks-Hampton –
Good information
Jeff Baker –
Good information, but many spelling mistakes. Looks thrown together. The teacher is just reading what’s on the screen, not very engaging.
Most disappointing: does not go into understanding tax returns and other forms of income, and how to use them to qualify a borrower.
cassandre noel –
This course is great for new Processors needing additional training. Course structure is easy to follow and instructor Joe presents the material with enthusiasm. I would recommend
Lisong Danielle Wagner –
I highly recommend this course if you have been out of the Mortgage industry for a while and need an easy way to refresh your brain. Since completing this and the Loan Processor & MLO Mortgage Math: Problems & Solutions course, I am gaining more traction in my job search.
Mariangela Manatt –
Great examples simple and clear. Outstanding highly reccomend!
Ghezal Zikria –
My apologies for being very honest- the content of the course is very general. The information regarding the cycle of loan is not detailed. I believed that I would actually walk away with something.