Mortgage Operations Professional Certificate Program

Course/Product Descriptiones
Title:	Mortgage Operations Professional Certificate Program
SKU:	OT-1005971
Format:	Online Training Course
Order:	Qty:
Description:	Our "Mortgage Operations Professional Certificate Program" provides detailed training on processing, underwriting, servicing, quality control, and more for both residential and commercial loans. Offered through CampusMortgage®, a division of the National Association of Mortgage Underwriters (NAMU)®, this is a complete course that teaches you everything you need to know about getting your client's mortgage loans processed, underwritten, and closed! This comprehensive robust mortgage training program consists of (22) instructor-led online training modules and includes a CampusMortgage® Certificate of Completion after the completion of each course. THE MODULES Below are the module titles and just a few of the learning items covered in each module. >>> LOAN PROCESSING Loan Processing 101 - The Basics The loan cycle Processor duties Loan documentation FHA/VA Processing Overview of FHA and VA programs Maximum Mortgage Limits Case Numbers AUS Recommendations Tax Returns Analysis Workshop Loan Programs Underwriting tools FHA, MPR, and MPS Appraisal Review Workshop Appraisal purpose/responsibilities Appraisal Section Review Credit report review Calculating Income, DTI, And LTV Workshop Hourly wage/salary wage calculations Social security and pension calculations PITI, PITIA, Housing Ratio, Total Ratio, and Payment Shock calculations Advanced Loan Processing Overtime, Bonuses, And Commissions Seasonal and salaried income Self-Employed income review Contract Processing Launchpad - "Everything from A to Z" Client Retention Customer Service Hiring Additional Contract Processors USDA Rural Housing Loan - How To Qualify, Process, And Underwrite Rural development income limits Rural development property eligibility Lender eligibility Determining eligibility Determining creditworthiness Property types Required forms Review and completion instructions for 1980-21 >>> UNDERWRITING Residential Underwriting Mortgage Underwriter 101 - The Essentials Loan Programs Underwriting tools Credit report review FHA/VA Underwriting FHA/VA guidelines and rules Required documentation Underwriting/credit requirement/employment & income/assets Down payment requirements/borrowers minimum required investment Advanced Loan Underwriting Overtime, Bonuses, And Commissions Seasonal and salaried income Appraisal review Due Diligence Manual income, credit, and appraisal underwriting Writing up compensating factors Identifying red flags Commercial Underwriting Commercial Underwriting & Processing 101 How commercial loans are regulated, serviced, and reported Structure of commercial sales and credit teams The five C's of credit Borrowers and guarantors What are financial spreads What does a commercial credit and loan request look like What happens when a loan doesn't perform Adv. Commercial Underwriting & Processing Income Statement Review Personal Guarantor Tax Returns and Cash Flow Understanding the Sources of Loan Repayment Ratios Collateral Loan Agreements >>> SERVICING Mortgage Servicing 101 - "The Essentials" Mortgage Banking Lifecycle Origination Process Mortgage Documents Signed at Closing Mortgage Insurance Escrow Accounts Secondary Mortgage Market Mortgage Servicing Laws - "The Essentials" What is Mortgage Servicing Consumer Financial Protection Bureau State Regulators Investor/Insurer Regulation Z Regulation X Default Servicing 101 – "The Essentials" Default Defined Regulatory Oversight Rules & Regulation Resources Default Cycle: Pre-Foreclosure Default Cycle: Foreclosure Loss Mitigation Forbearance/Repayment Plan Loan Modification >>> COMPLIANCE Fair Lending And Equal Opportunity Laws The purpose of the Fair Lending Laws and Regulations Protected classes Understanding and avoiding lending discrimination How to stay in compliance CFPB Laws - Preventing UDAAP & Other Violations TILA - Reg Z RESPA - Reg X HMDA - Reg C S.A.F.E. Mortgage Licensing Act - Reg G Dodd-Frank: What You Need to Know so the Consumer Knows Applying the Rules Borrower Protection Acts - "A Complete Overview" Borrower's Protection Defined What is HOEPA? PMI and Homeowners Protection Act BSA and AML Who are You? (USA Patriot Act) Gramm-Leach Bliley Act Quality Control 101 - "QC For Conventional Loans" FNMA & FHLMC Overview Prefunding Review Post-Closing Review Record Retention Audit FHA/VA Quality Control - "Everything From A to Z" General Rules of FHA/VA Quality Control Guidelines and Procedures Credit Report Red Flags Reverifications Document Review Field Reviews On Site Review Your Certificates You will receive a CampusMortgage® Certificate of Completion after completing each course listed above. Anticipated Time To Complete This online program will take approximately 70 hours to complete, and includes bookmarks that allow you to stop and restart as needed. Access Information Upon enrollment, you will receive an email from the course provider (CampusMortgage®) with links and passwords to access your course. You will have full access to the course and training modules for one full year.
About The Provider:	CampusMortgage provides instructor-led mortgage training classes to students nationwide. Each CampusMortgage instructor has an average of 15 years of prior mortgage-related experience. Each instructor also draws from a different knowledge base that may include such areas as: mortgage underwriting, loan processing, FHA, VA, Conventional loans, Commercial lending, USDA Rural Housing loans, and more. All CampusMortgage online training classes are professional development courses designed to help you do your job better and are not licensing training. Upon successful completion of a course, you can download and print a Certificate of Completion. Such certificate does not imply you are an "expert" or "licensed" in any mortgage-related field - it simply means you've taken mortgage-related training. We employ the latest in technology advancements, offering students comprehensive mortgage loan training and job placement resources, and are not owned, operated or affiliated with HUD, FHA, or the Federal Government in any way. And though we offer job search resources, we do not guarantee you will find a job or provide job placement assistance. Job Search Resources Upon request, we can provide you with Job Search Resources which are simply considered a value added benefit of purchasing a CampusMortgage training course. The Job Search Resources will be emailed to you as a PDF file, and contain various links to help in your job search process. These links include: mortgage industry networking sites, job posting sites, resume builder sites and more. Refund Policy No refunds or credits will be issued if a student and/or customer has logged into any online webinar course or has requested a Certificate of Completion for the purchased course. If a student and/or customer has not logged into an online webinar course or has not requested a Certificate of Completion, the customer is entitled to a full refund, minus a $75 administrative cancellation fee, provided a refund request is received in writing or via e-mail by CampusMortgage within (5) calendar days from the date of purchase. Take the first step to becoming an FHA mortgage underwriter, processor, or originator by completing one of our online training classes today!
Price:	$2,995.00
More Info:	Contact Us For More Information
Order:	Qty:

Share This:	Share on Facebook Share on Twitter