COMBO : Loan Processing 101 and Advanced Processing

This class is provided by CampusMortgage®. These two instructor-led 3-hour online training webinars are designed for individuals wishing to learn how to become a mortgage loan processor, from A to Z. The basic course provides an in-depth study of conventional loan calculations and requirements. It provides intensive loan processing training in the basics of the residential mortgage application, title, appraisal, credit reports, and much more. The advanced course provides an in-depth understanding of mortgage loan processing from both a loan processor and underwriter’s point of view. Through a variety of loan scenarios, you’ll receive hands-on experience analyzing mortgage loan applications, allowing you to learn first-hand how understanding the basics of mortgage processing and supporting technology will increase your confidence and hone your decision-making skills as an effective mortgage processor. Experienced loan processors will receive an essential refresher and see how other experienced loan processors are handling their analysis. 

Upon completion, students will be able to: apply best practices to processing decisions, use methods and expertise needed to evaluate mortgage files, analyze stipulations from the underwriter, prevent red-flagging, analyze & accurately review appraisals. Also covered in this course: understanding underwriter conditions, how outside vendors such as appraisers and mortgage insurance companies fit into the overall mortgage loan approval process. 

Price - $775.00 (sale)

Mortgage Processor Complete On-Boarding Package

This class is provided by CampusMortgage®. The Mortgage Processor Complete On-Boarding Package is an instructor-led, on-demand audio-video webinar series specifically designed to effectively train individuals on proven loan processing tasks, competencies, and principles. Whether you have not yet and are looking to enter the mortgage processing profession, or you’re currently working as a loan processor or assistant, this loan processing boot camp will provide the loan processor skills you need to advance your mortgage processor career or secure a loan processing career position.

Get All (8) Classes: 

- Loan Processor 101 – “The Basics”
- Advanced Processing – “Real World Lessons”
- FHA/VA Processing – “For Processors”
- Appraisal Review Workshop – “Intensive Study of the Appraisal”
- Calculating Income, LTV & DTI Workshop
- DU/LP Workshop – “Everything from A to Z”
- TRID Compliance – “The Essentials”
- Dodd/Frank Roll Back – “New Rules Defined”

Price - $1,395.00 (sale)

LAPP/SAR Underwriter - "Step by Step Instruction"

This class is provided by CampusMortgage®. The LAPP/SAR Underwriter - "Step by Step Instruction" 3-hour webinar is ideal for new & existing mortgage underwriters looking to obtain a VA LAPP/SAR designation. Students will become familiar with the duties of a LAPP/SAR, recognize the requirements and processes for ordering and reviewing appraisals, and delivering Notices of Value (NOV) to the veteran borrower. Students will be able to identify eligible property types, ensure appraisals meet minimum property requirements, review sample documents, common SAR errors and end the class with a test case to reinforce the topics covered.

**Important Notice: This is a how-to "prep" class only, and will not provide you with LAPP or SAR. 

COURSE OUTLINE:

  • Overview of the VA Loan Program
  • Eligible Loan Purpose
  • Veteran Eligibility
  • Entitlement and Guaranty
  • Blue Water Navy Act
  • Funding Fee
  • Credit Standards
  • VA Credit Underwriting Approval
  • Practice Quiz

Price - $495.00 Sale - $395.00

Multi-Family Underwriting & Processing - "FHA/VA Loans"

This class is provided by CampusMortgage®. In our fluctuating economy, Multi-Family (2-4 Unit) Properties have become an ideal source for additional turnkey streams of income. In the Multi-Family Underwriting & Processing - "FHA/VA Loans" course you will learn the fundamental and essential roles of both the Processor and Underwriter in rendering a Credit Decision for FHA and VA Loans, secured by Multi-Family (2-4 Unit) Properties. This course will encompass an examination of the relevant documentation and procedures required for both FHA/VA Loans, while determining the Borrower’s Eligibility and the Collateral Evaluation and Acceptability of the Multi-Family Property. Students will learn current and up to date industry standards, strengthening your skills to become a well-rounded, effective and viable Mortgage Professional..

COURSE OUTLINE:

  • Introduction to Multi-Unit Housing
  • General Requirements
  • Loan Limits
  • Minimum Property Requirements
  • Ordering the Case Number
  • The Appraisal
  • Rental Income
  • FHA and VA Requirements
  • Underwriting Transmittal
  • Total Scorecard
  • 10-Question Practice Quiz

**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.

 Price - $395.00

Advanced Loan Processing - "Real World Lessons"

This class is provided by CampusMortgage®. This instructor-led 3-hour online training webinar is designed for the experienced and already trained in basic loan processing. This course provides an in-depth understanding of mortgage loan processing from both a loan processor and underwriter’s point of view. Through a variety of loan scenarios, you’ll receive hands-on experience analyzing mortgage loan applications, allowing you to learn first-hand how understanding the basics of mortgage processing and supporting technology will increase your confidence and hone your decision-making skills as an effective mortgage processor. Experienced loan processors will receive an essential refresher and see how other experienced loan processors are handling their analysis. 

Upon completion, students will be able to: apply best practices to processing decisions, use methods and expertise needed to evaluate mortgage files, analyze stipulations from the underwriter, prevent red-flagging, analyze & accurately review appraisals. Also covered in this course: understanding underwriter conditions, how outside vendors such as appraisers and mortgage insurance companies fit into the overall mortgage loan approval process.   

COURSE OUTLINE:

  • Income Review
  • Hourly Wages
  • Seasonal Income
  • Salaried Income
  • Overtime, Bonus & Commissions
  • Alimony/Child Support
  • Social Security/Pension
  • Military Income
  • Automobile Allowance
  • Boarder Income
  • Capital Gains
  • Disability Income
  • Employment Contracts
  • Foreign Income
  • Foster Care Income
  • Housing or Parsonage
  • Interest/Dividend Income
  • Self-Employed Income
  • Sole Proprietor
  • Rental Income
  • Assets Review
  • Stocks, Bonds, Mutual Funds
  • Verification of Assets
  • Large Deposits
  • Gifts
  • Minimum Borrower Contributions
  • Appraisal Review
  • Appraisal Forms
  • Age of Appraisal
  • Sections of the Appraisal
  • Title Review
  • Underwriter Conditions
  • Practice Quiz

Price - $395.00

Advanced Underwriting - "Real World Lessons"

This class is provided by CampusMortgage®.

COURSE DESCRIPTION: 

This instructor-led, 3-hour online training webinar is designed for mortgage professionals seeking to deepen their knowledge of underwriting principles. This course builds on the fundamentals offered in Underwriting 101 by covering more advanced income, asset, and appraisal review procedures. In addition, pick up valuable tips for earning the next level of underwriting authority. Learn techniques for drafting clearer conditions and improving your loan decision communication skills. 

COURSE OUTLINE:

  • Product Knowledge
  • Developing Analysis Skills
  • Credit Analysis
  • Income Analysis
  • Asset Analysis
  • Appraisal Analysis
  • Title Review
  • Mortgage Insurance
  • Loan Notes
  • Adding Conditions
  • Clearing Conditions
  • Issuing the Clear to Close
  • Practice Quiz

Price - $495.00 Sale - $395.00

Case File Underwriting Review - "FHA/VA Loans"

This class is provided by CampusMortgage®. This course has been designed to instruct underwriters on how to proceed with a mortgage underwriting case file review of an FHA file.  As a “how-to” course, the underwriter will be trained on how to complete an underwriting review on a fully processed FHA case including how to review the credit report, income documentation, asset documentation, contract of sale, and appraisal report. Additionally, the required disclosure and compliance review will be discussed. Underwriters will also be trained to recognize certain file triggers/red flags and will know when to ask for further documentation that has not been addressed by the AUS.   

COURSE OUTLINE:

  • Underwriting an FHA and VA Loan
  • Disclosures
  • Credit
  • Income
  • Assets
  • Purchase Contract
  • FHA Requirements
  • VA Requirements
  • AUS
  • Manual Underwriting Components
  • Appraisals
  • FHA Resources
  • VA Resources
  • Practice Quiz

Price - $395.00

Contract Processing Jumpstart - "Everything from A to Z"

This class is provided by CampusMortgage®. The Contract Processing Jumpstart - "Everything from A to Z" will teach you how to become a successful contract mortgage processor. Contract processing can be a very rewarding work-at-home career and requires the ability to effectively analyze loan applications/creditworthiness, read appraisal, title, TILA, GFE, and more. Let us help you gain the skills needed to jumpstart your contract processing business today.

COURSE OUTLINE:

  • Home Office Set-Up
  • NMLS State Licensing Requirements
  • Marketing Ideas for the Contract Processor
  • Client Retention
  • Customer Service
  • Hiring Additional Contract Processors
  • Forms to be Used (if different from when you process for a lender/bank)
  • Checklists

Price - $395.00

Due Diligence - "Learn Manual Underwriting"

This class is provided by CampusMortgage®. This 3-hour online training webinar explores the world of manual underwriting. This class offers critical knowledge for difficult credit, income, asset, and appraisal analysis topics. Students will benefit from practical applications of concepts as we review red flag examples. Join us to gain the knowledge you need to successfully package challenging loan scenarios.

COURSE OUTLINE:

  • Due Diligence Defined
  • Automated Underwriting
  • Manual Underwriting
  • Credit
  • Income
  • Assets
  • Appraisal
  • Identifying Red Flags
  • Avoiding Over-Analysis
  • Practice Quiz

Price - $495.00 Sale - $395.00

Mortgage Jumpstart Package

This class is provided by CampusMortgage®. Working in the mortgage industry can be a very rewarding career, and requires the ability to properly understand the mortgage process, from A to Z. From reading a credit report, to reviewing the appraisal, to stacking the borrower's file for the underwriter, to calculating the borrower's income, to understanding the title report much more!

CampusMortgage® offers a comprehensive "professional development" training program entitled: Mortgage Jumpstart Package, which includes (6) online training classes. Let us help you gain the mortgage skills you need to launch your mortgage career and secure that perfect mortgage job.

 

Get All (6) Training Classes Below:

  1. Loan Processor 101 - "The Basics"
  2. Advanced Processing - "Real World Lessons"
  3. Calculating Income, LTV & DTI Workshop
  4. DU/LP Workshop - "Everything from A to Z"
  5. Tax Returns Analysis Workshop - "For Self-Employed Borrowers"
  6. Underwriter 101 - "The Essentials" 

Price - $895.00 Sale - $595.00

Mortgage Underwriter 101 - "The Essentials"

This class is provided by CampusMortgage®. This instructor-led, 3-hour online training webinar is designed for any mortgage professional seeking formal instruction on the fundamental principles of residential mortgage underwriting. This introductory course provides a thorough review of mortgage terminology, best practices, and the 4 C's of underwriting.  Learn the basics of credit, income, asset, and appraisal review in preparation for a successful career as a mortgage underwriter.

COURSE OUTLINE:

  • Mortgage Terminology
  • Loan Programs
  • Loan Stacking Order
  • Mortgage Roles
  • Loan Originators
  • Loan File Flow
  • The 4 C's of Underwriting
  • Underwriter Duties & Responsibilities
  • Underwriter Skill Sets
  • Underwriting Authority
  • Underwriting Tools
  • Agency Guidelines
  • Automated vs Manual Underwriting
  • AUS Findings
  • Forms 1003 & 1008 
  • Credit Report Review
  • Introduction to Income
  • Introduction to Assets
  • Introduction to Appraisals
  • Practice Quiz

Price - $495.00 Sale - $395.00

FHA/VA Processing - "For Mortgage Processors"

This class is provided by CampusMortgage®. This instructor-led webinar will examine all aspects of loan processing both FHA & VA Government loans. The goal of our interactive FHA/VA Processing - "For Processors" webinar is to help you develop an FHA/VA niche in order to make you a more profitable mortgage processor. Train your staff of loan processors to start loan processing Government loans today.  

COURSE OUTLINE:

  • What is an FHA Loan
  • What is a VA Loan
  • Set Up Application
  • Debt and Obligation
  • Income
  • Assets
  • DO/DU or LP Approval
  • Title Commitment
  • Case Numbers
  • Appraisal
  • TRID
  • LE - Loan Estimate
  • CD - Closing Disclosure
  • Practice Quiz

Price - $395.00

Loan Processing 101 - "The Basics"

This class is provided by CampusMortgage®. This instructor-led 3-hour online training webinar is designed for new mortgage loan processors as well as existing loan processors who never received formal loan processing training or perhaps developed bad habits. 

Mortgage loan processors are in powerful demand these days, and the income is excellent! Lucrative positions exist in mortgage, retail and consumer loan fields, and the promotional potential is great. Loan Processor 101 - "The Basics" is an in-depth study of conventional loan calculation and requirements. It provides intensive loan processing training in the basics of residential mortgage application, title, appraisal, credit reports and much more.  

COURSE OUTLINE:

  • Disclosures
  • Overview
  • Mortgage Terminology
  • LTV, CLTV, HCLTV
  • DTI
  • Cash to Close
  • Loan Cycle
  • Processor Duties
  • Loan Documentation
  • Needed Disclosures and Forms
  • Truth in Lending/TRID
  • The Loan Estimate
  • The Credit Report
  • Automated Underwriting System
  • Verifications
  • Form Samples
  • Practice Quiz

Price - $495.00  Sale - $395.00

Quality Control 101 - "QC For Conventional Loans"

This class is provided by CampusMortgage®. The course is an ideal fit for mortgage professionals wishing to enter the Quality Control area of mortgage lending, as it relates to Conventional mortgage loans. This 6-hour instructor-led online training course covers the basics and gives an overall understanding of what a Quality Control plan consists of. 

COURSE OUTLINE:

  • FNMA & FHLMC Overview
  • Prefunding Review
  • Post Closing Review
  • Record Retention
  • Audit
  • GSE Selection
  • Significant Defects
  • Mortgage Insurance
  • Remedies
  • Repurchase or Payment
  • Redflags
  • Practice Quiz

Price - $495.00 Sale - $395.00

Redesigned URLA (Form 1003) - "Complete Review"

Now is the time to get trained & ready for the new Redesigned URLA (1003 Form). The new URLA (1003 Form) has been redesigned to be more consumer friendly and create better efficiency. It has also been designed to separate the consumer and lending information for ease of review -- updated with the most current HMDA data collection fields as required by the CFPB. The new application is now in letter size; making loan files more streamlined, replacing the 20-year-old outdated form. 

Our training division, CampusMortgage, has put together an instructor-led class entitled: Redesigned URLA (Form 1003) - "Complete Review" (WEBINAR). This on-demand webinar will teach students everything from A to Z, with an in-depth review of each section of the application.

COURSE OUTLINE: 

  • URLA Implementation Timeline
  • Importance of a Complete URLA
  • Uniform Loan Application Dataset (ULAD) Review
  • Complete Review of Section 1 of the URLA
  • Complete Review of Section 2 of the URLA
  • Complete Review of Section 3 of the URLA
  • Complete Review of Section 4 of the URLA
  • Complete Review of Section 5 of the URLA
  • Complete Review of Section 6 of the URLA
  • Complete Review of Section 7 of the URLA
  • Complete Review of Section 8 of the URLA
  • 10-Question Practice Quiz

Price - $199.00 Sale - $99.00

DE Underwriting (PREP PACKAGE)

This class is provided by CampusMortgage®. Start by first learning what's involved in becoming an FHA DE Underwriter today with our "professional development" DE Underwriting (PREP PACKAGE). With an average of 15+ years of experience, each mortgage underwriter instructor draws upon a deep FHA underwriting knowledge base to provide aspiring FHA DE Underwriters with a hands-on online interactive learning experience.

DE PREP PACKAGE INCLUDES:


Certified FHA Manual Underwriter (NAMU®-CFMU) Certification:

  • Due Diligence - "Learn Manual Underwriting"
  • Case File Underwriting Review - "FHA/VA Loans"
  • FHA/VA Underwriting - "For Underwriters"
  • Multi-Family Underwriting & Processing - "FHA/VA Loans"

Also Includes:

  • Mortgage Underwriter 101 - "The Essentials"
  • Adv. Underwriting - "Real World Lessons"
  • FHA DE Underwriting - "Direct Endorsement"  - No CHUMS # Provided
  • Tax Return Analysis Workshop -"Examine Self-Employed Borrowers"

COURSE FORMAT:

  • Instructor-Led Online Webinar
  • All Course Materials are Downloaded as PDF Files
  • Duration: 24/7 Access for 1-Year
  • Certificates of Completion Downloaded as a PDF File
  • Includes the NAMU®-CFMU Certification
  • Job Search Resources (Upon Request)

Earning a NAMU®-CFMU Certification through NAMU® means you have:

  • Completed (4) training classes.
  • Passed a 30-Question Online Proctored Exam (via Webcam) with 75% or Higher.
  • Agree to Maintain the Highest Ethical & Professional Standards.
  • Practice Quiz

Price - $2,765.00  SALE $1,490.00

FHA Direct Endorsement - "DE Underwriting"

This class is provided by CampusMortgage®. This instructor-led online training webinar is designed for any mortgage professional seeking formal instruction on the path to earning the Federal Housing Administration’s Direct Endorsement. This introductory course provides vital information regarding how to prepare for DE sponsorship. Learn FHA specific guidelines for credit, income, asset, and appraisal review.

 

**Important Notice: This class will not provide you with a CHUMS #. You will still need to get sponsored by a lender in order to become a FHA DE Underwriter.

COURSE OUTLINE:

  • Introduction to FHA
  • FHA Programs
  • FHA Direct Endorsement
  • Automated Underwriting
  • Manual Underwriting
  • FHA Forms
  • FHA Calculations
  • Credit Analysis
  • Income Analysis
  • Debt-To-Income Ratios
  • Asset Analysis
  • Appraisal Forms
  • FHA Resources
  • Multiple Practice Quizzes

**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.

Price - $395.00

Appraisal Review Workshop - "Intensive Study of the Appraisal"

This class is provided by CampusMortgage®. This Appraisal Analysis Workshop is a 3-hour online webinar designed to teach you the details that are required in each section of the real estate appraisal. You'll learn the details of what the industry looks for in these reviews to prevent fraudulent appraisal practices. You'll also gain the details and a complete understanding of the Sales Comparison Approach, Income Approach and Cost Approach, and much more! 

COURSE OUTLINE:

  • Appraisal Purpose
  • Appraiser Responsibilities
  • Lender Responsibilities
  • Supervisory Appraiser
  • Appraisal Exhibits & Forms
  • Age of Appraisal
  • Use of Appraisal
  • Appraisal Section Review
  • Property Condition
  • Sales Comparison
  • Appraisal Deficiencies
  • FHA Considerations
  • FHA New Construction
  • FHA MPR & MPS
  • FHA Appraiser Reporting
  • FHA Valuation Development
  • FHA Analysis
  • FHA Report Conclusion
  • Appraisal Updates
  • Red Flags
  • Practice Quiz

Price - $395.00

FHA/VA Quality Control - "Everything From A to Z”

This class is provided by CampusMortgage®. The course is ideal for any mortgage professional wishing to enter the Quality Control area of mortgage banking, as it relates to both FHA and VA Government mortgage loans. This 6-hour instructor-led online training course covers the basics and gives an overall understanding of what a Quality Control plan consists of. 

COURSE OUTLINE:

  • General Rules of FHA/VA Quality Control
  • Guidelines and Procedures
  • Credit Report Red Flags
  • Reverifications
  • Document Review
  • Field Reviews
  • On Site Review
  • Notification to HUD
  • Loan Servicing Review
  • Ineligible Participants
  • Mortgagee Monitoring
  • Sanctions
  • Limited Denial of Participation
  • VA QC Guidelines
  • Red Flags
  • Examples of Fraud
  • Practice Quiz

Price - $395.00

Tax Return Analysis Workshop - "Examine Self-Employed Borrowers"

This class is provided by CampusMortgage®. This instructor-led, 6-hour online training webinar is designed for any mortgage professional seeking formal instruction on personal and business tax return analysis. This intensive workshop provides detailed instruction on all tax return forms and schedules, the required income calculation formulas, and the completion of the Fannie Mae Cash Flow Analysis Form 1084. Learn self-employment income best practices and underwriting guidelines.

COURSE OUTLINE:

  • Self-Employment Defined
  • Self-Employment Income Guidelines
  • Personal Tax Return Forms and Schedules
  • Business Tax Returns Forms and Schedules
  • Income Calculation Formulas
  • Fannie Mae Cash Flow Analysis Form 1084
  • Fannie Mae Comparative Income Analysis Form 1088
  • Profit & Loss Statement and Balance Sheet Review
  • Self-employment Case Study and Practice Exercises
  • Practice Quiz

Price - $395.00

Calculating Income, LTV, & DTI Workshop

This class is provided by CampusMortgage®. Join us for an intensive study course on these basic mortgage lending formulas. In the Calculating Income, LTV, & DTI Workshop, students will learn how to apply the correct calculation to various loan scenarios. Examples will be presented and students will have an opportunity to complete exercises with the instructor for a better learning experience.

COURSE OUTLINE:

  • Hourly Wage Calculations
  • Salaried Income Calculations
  • Overtime, Bonus & Commission
  • Unreimbursed Expenses
  • Varied Types of Income
  • Self Employment Income
  • LTV, CLTV, and HCLTV Review
  • DTI Review
  • Practice Quiz

Price - $395.00

DU & LP Workshop – “Everything from A to Z”

This class is provided by CampusMortgage®. The DU & LP – “Everything from A to Z” audio/video webinar will provide students with an in-depth understanding of how the automated underwriting systems serve lenders in the mortgage origination process. DU & LP findings, including feedback messages, are explained in detail. Gain a greater understanding of the differences between the two AU engines and when it is appropriate to use each one.

COURSE OUTLINE:

  • What is an AUS?
  • Factors Considered
  • The Process
  • Reps and Warrants
  • Ordering the Credit Report
  • Data Integrity
  • Documentation Requirements
  • Red Flags
  • Total Scorecard
  • Lender's Responsibility
  • FNMA Desktop Underwriter
  • DU Recommendations & Tolerances
  • Case Study DU Findings
  • FHLMC Loan Product Advisor
  • LPA Recommendations & Tolerances
  • Case Study LPA Findings
  • Underwriting without Traditional Credit
  • DU & LPA Validation Services
  • Uniform Collateral Data Portal
  • Collateral Underwriter & Automated Collateral Evaluation
  • Practice Quiz

 Price - $395.00

Reverse Mortgage Training - "Everything from A to Z" (Webinar)

CampusMortgage® has put together an instructor-led on-demand webinar entitled: Reverse Mortgage Training - "Everything from A to Z". The Reverse Mortgage industry is highly regulated by FHA which means comprehensive and accurate training is required to become an effective Reverse Mortgage Professional. Whether you're an MLO, Mortgage Broker, Mortgage Underwriter, Loan Processor, Servicing Specialist or QC Specialist, this course will teach you all the necessary steps needed to complete Reverse Mortgages.

COURSE OUTLINE:

  • Reverse Mortgage Explained
  • Borrower Eligibility
  • Financial Assessment
  • Principal Limits Defined
  • Counseling Requirements
  • Income Requirements
  • Credit Report/Credit Analysis
  • LESA/Compensating Factors
  • Mandatory Obligations vs Non-Mandatory Obligations
  • Documentation Requirements
  • Age of Documentation
  • Form 1009 & FHA Connection Review
  • Occupancy
  • Non-Borrowing Spouse (Eligible and Ineligible)
  • Use of POA or Guardian
  • Reverse Mortgage Loan Types
  • Appraisal
  • Eligible Property Types
  • Ineligible Property Types
  • Required Repairs to Property vs Repair Set Aside
  • Title
  • Lien Seasoning
  • Trusts (Revocable and Irrevocable)
  • Solar Panels
  • 10-Question Practice Quiz

Includes an additional class of your choosing!

FHA/VA Case Files Underwriting Review
Non-QM Underwriting - "Everything from A to Z"
Jumbo Loan Underwriting - "Everything from A to Z"
Multi-Family Underwriting & Processing - "FHA/VA Loans"
Multi-Family Underwriting & Processing - "Conventional Loans"
USDA Rural Housing Loan - "Quality, Process & Underwriting"

**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.

Price - $495.00   Sale - $395.00