Conventional Loan Processing

 

Instruction Type:  Self Paced Online with manuals and case studies synchronized to videos
Instructor:              Kathy Lewis.
Duration:                16 hours instruction with 3 months to complete training.
Certificate:             Yes after after online testing

View our processing manual below and judge for yourself why our training is rated the best. We don’t believe in quickie boot camp training buy just covering the bare minimum. Or charge more by offering loan processing basic 101, followed by advanced loan processing That’s absurd! We have one course and one price that covers everything and that’s why we’ve been in business for over 30 years.

WHY ARE OUR PROGRAMS SUPERIOR

The Loan Processor scrutinizes every line item on the residential mortgage loan application for accuracy and authenticity before signing off on the file and sending the loan application to the underwriter for approval.

Kathy Lewis’s processor training takes complicated topics and breaks them down into simple concepts in a logical order.

Capstone Institute has been perfecting their “Best Practices” methods for training loan processors and loan originators since 1986.

Capstone Institute-trained processors are better organized and understand how to calculate all of the numbers without relying on their mortgage software. Our structured training prepares processors to perform their duties and responsibilities quickly with minimum management supervision. Our training covers every job skill a new processor needs to understand .

For Over 30 Years Capstone’s Training Materials And Certificates Are Nationally Recognized

As a processor you must be more knowledgeable than your loan originators and sometime even your boss. Your expertise must include all current federal regulations, all conventional loan types both traditional and nontraditional, to include adjustable, hybrids and many others.
Mortgage regulations, processing rules and financial calculations are intimidating to many but they really aren’t when Kathy Lewis shows you her best practices for loan processing.

One of the many advantages with our conventional loan processing training is that it’s been constantly updated and perfected. Our conventional processing training is extremely detailed and your expected training time is about 4 days. You’ll actually process a complete loan file and your training includes your 480 page printed manual, case studies and practice loan file.

 

Student Technical & Training Support

Kathy Lewis has always prided herself on offering the best student support in the industry. Whether you’re currently taking any of her training classes or whether you have an unusual loan situation in the future, Kathy is happy to assist

Since 1986 your instructor Kathy Lewis has always offered free support.

If an unusual loan file ever hits your desk and even your managers are scratching their heads, just call or e-mail Kathy and she’ll share with you some ideas on how you might be able to salvage the loan and get it approved or to just let it go.

There’s no reason to waste time processing a loan that won’t ever be approved.

Typical 4 Day ( 4 hours per day ) training cycle – self paced

Open our loan  processing  training manual’s table of contents

 

 

 

 

Typical 4 day ( 4 hours per day) training curriculum

 

1st Day

Federal Regulations & Compliance – Overview of mortgage-related regulations using Federal Regulations Test Questions to emphasize important regulations

Conventional Loan Programs – Overview of various conventional loan programs

Understanding Secondary Market Rate Sheets – Using a Case Study, students are instructed in how to read a rate sheet, how to determine the best rate based on factors such as credit scores, LTV, etc.

 

2nd Day

Start: Case Study# 2 – “How to calculate” LTV, P & I, monthly hazard insurance, monthly PMI, and monthly property taxes, as well as how to calculate “Prepaids” using several worksheets.

Finish Case Study# 2 – How to complete the Initial Fees Worksheet, identifying fees that are prepaid finance charges that affect the APR, how to complete the Loan Estimate.

 

3rd Day

Start ” Setting Up The Loan File: Reviewing the loan application, reviewing the Loan Estimate , insuring all required disclosures are included.

Students learn how to prepare a “Pre-Qualification Worksheet” to determine that the borrowers meet qualifying ratios and how to order all required loan documents.

 

4th Day

Finish Processing the Loan – Review credit documents, pay stubs, bank statements and work the file up for submission to Underwriting.

Conventional Refinance Transactions – Case Study is utilized to teach the student how to calculate the maximum LTV, prepare the Loan Estimate, and review the loan application as it relates to refinance transaction.

Case Study – Completing a Schedule of Real Estate Owned

 For Over 30 Years Capstone’s Training Materials And Our Certificates Are Nationally Recognized

Conventional Loan Processor Certificate Blank

As a processor you must be more knowledgeable than your loan originators and sometime even your boss. Your expertise must include all current federal regulations, all conventional loan types both traditional and nontraditional, to include adjustable, hybrids and many others.
Mortgage regulations, processing rules and financial calculations are intimidating to many but they really aren’t when Kathy Lewis shows you her best practices for loan processing.

One of the many advantages with our conventional loan processing training is that it’s been constantly updated and perfected. Our conventional processing training is extremely detailed and your expected training time is about 4 days.

You’ll actually process a complete loan file and your training includes your 480 page printed manual, case studies and practice loan file.

Make sure you view your training manual’s table of contents below. You’ll be able to see for yourself the depth and detail of your processing training

 

 

 

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