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American School of Mortage Banking

Training the Mortgage Lender since 1978

Conventional Loan Originator - Loan Processor Training

This is the basic course for brokers, loan originators, and processors who do conventional loans only.  It is designed for both the beginning Processor and Loan Officer as well as the more experienced.  Upon completion of this course, you will be very proficient in Purchase & Refi First Trust Deeds as well as Second Trust Deeds.  You will have a complete understanding of how to process a loan from start to finish for FNMA, FHLMC, SubPrime, the portfolio lender, & the private lender.

This course is approved by the State of California, Department of Real Estate for 21 consumer protection hours toward your real estate license renewal (must pass final).  A student must have 100% attendance and pass the 100 multiple choice question final examination with at least a 70% to complete the course.  

Course Outline

  • How to take a loan application.
  • How to read and interpret a credit report with the FICO Score.
  • Review needed documents and verifications.
  • How to read an appraisal.
  • Guidelines for ARMs, Buy Downs, & Conforming Loans.
  • Processing of Purchases, Refinances, & Subprime.
  • Borrower’s qualification, Good Faith Estimates, & Impound Calculations.
  • How to Package your Conventional Loans for the Secondary Markets & Private Investors.
  • Compliance - RESPA, TiL, ECOA, & FCRA, & Section 32.

Textbook, Certificate of Completion, & FREE Lifetime Re-attendance.

Loan Class Schedule

Copyright © 2007 American School of Mortgage Banking

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