Business is booming.

Loan officer training: know the basics

After you become a licensed mortgage loan officer, you will want to get some training on everything from how to handle job duties to how to generate clients. Luckily, there is a plethora of loan officer training options available to you. These options include training in:

  • Taking a loan application
  • Reading a credit report
  • Understanding a good faith estimate
  • Getting pre-qualification for a home buyer
  • Understanding debt ratios
  • Interpreting income and asset statements

Added training in these areas is important whether you are new to the profession or have many years of experience. Loan officer training is an ideal way to stay up to date on the latest developments in the industry, whether you work for a commercial bank, credit union, or other financial institutions.

Let’s look at three popular online courses geared toward loan officer training:

  1. Loan officer boot camp
  2. Certified mortgage processor
  3. Certified mortgage underwriter

In this section of our article, we will break down what each course entails, so that you will know what to expect:

1. Loan officer boot camp

Loan officer boot camp is offered through the National Association of Mortgage Processors (NAMP). At a cost of $995, the loan officer boot camp covers a variety of key mortgage processor training areas. It consists of several instructor-led training modules, plus an exam at the end.

Source link

Comments are closed, but trackbacks and pingbacks are open.