| POSITION |
COURSES RECOMMENDED
|
COMMENTS |
| POSITIONS
AT A GLANCE |
LOAN OFFICER –
New to Industry |
Consider Principles of Mortgage Origination
or Standards of Conventional Lending
Follow with Underwriting the Conventional Loan
or Processing for the Approval if you do your own
processing. |
Principles of Mortgage Origination is the "Bible"
for many of our students. Standards of Conventional Origination is
the identical course but does not contain chapters on FHA and VA lending.
Check with your manager to determine whether you need this information
or not. |
| |
| ESTABLISHED UNDERWRITER, LOAN OFFICER
OR MANAGER |
Underwriting the FHA Loan,
Lending to New Americans, New Construction
and Rehab Lending are all excellent courses that cover
special lending programs or markets.
Regulatory Study Guide, Federal is a through review
of Federal regs, with which all senior loan officers, underwriters
and mangers should be familiar. |
We have several courses that meet state continuing
ed requirements and provide solid information on specific programs. |
| |
| ESTABLISHED LOAN OFFICER PREPARING TO
BECOME A MORTGAGE BROKER |
Wholesale Lending Overview
is a course that provides good detail on getting set up with wholesale
lenders and managing the trust account.
The Regulatory Study Guide, Federal is a detailed
review of laws governing mortgage. Applied Regs
is a study of what happens when a case winds up in court. |
These choices give the manger needed to tools
to stay in compliance and to understand the "rules".
There are many other special market courses that may be valuable
such as Lending to New Americans, New Construction and Rehab, and
Underwriting the FHA Loan. |
| |
| BEGINNING PROCESSOR –
No Industry Experience |
Conventional Processing is designed
for the beginner with no industry background. |
In a perfect world, a processor would first take
Principles of Mortgage Origination to understand the role of the loan
officer and the issues that drive the business. |
| |
JUNIOR PROCESSOR -
6 - 18 months experience |
Processing for the Approval: From Documentation
to Underwriting. |
Presents the underwriter point of view for each
issue, followed by appropriate documentation to be included in the
file. |
| |
| UNDERWRITER – New to FHA
Underwriting, but experienced in Conventional Underwriting |
Underwriting the FHA Loan. |
A thorough review of the risk management issues
on FHA loans. |
| |
| POSITION |
COURSES RECOMMENDED |
COMMENTS |
| PROFESSIONS
AT A GLANCE |
| FINANCIAL OR REAL ESTATE PROFESSIONAL
PREPARING TO ADD MORTGAGE LENDING AS A PRACTICE |
Mortgage Brokerage and Lending,
followed by Processing for the Approval. |
This combination provides the most complete library
possible. These 2 courses provide all practical basics of mortgage
origination. |
| |
| HUMAN RESOURCE PROFESSIONAL |
Principles of Mortgage Origination
followed by Processing for the Approval. |
These two courses provide a good review of origination
and processing, enabling the human resource professional to understand
job requirements. |
