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Basic Loan Processor Training. Covers both manual and automated underwriting.
Basic Processor Training Covers both manual and automated underwriting.
- Documents (Identifies important information, shows document and included "hot spots" that you can click on which explains what to look for and why, details are available, and a short test follows each of the following categories: Credit Report, VOL, Bank Statements, Divorce decree, Paystubs, Relocation Letter, Questions loan officer should ask, Stories, Evaluate Credit).
- Industry Overview (Describes responsibilities of people in the industry);
- Glossary (Defines common terms);
- Credit (Credit Guidelines, Derogatory credit, Bankruptcies - includes sample bankruptcy papers);
- Income (Employment, Acceptable Income, Unacceptable Income, VOE, Paystubs, W-2s, Self-employed etc.);
- Questions the loan officer/processor should ask;
- Assets (Acceptable Assets, VOD, Bank Statements, Deposit Slip, Gift letter, Retirement statement, Personal Property);
- Property; Regulatory Documents; Loan Information etc.
- Too much to list!
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