The Mortgage Foundations Training course was designed to help participants build a strong foundation for an existing or new career in the mortgage industry.
This is a FUNDAMENTAL mortgage training course. Most employers look for experience, but they may give you an opportunity if you have taken the time to learn about the mortgage industry. This course is a great start!
There are no job post that ask for a “Certification” for processing and the only “certifications” that mean anything for underwriters are from HUD to underwrite FHA loans and the Veterans Administration to underwrite VA loans. A lender has to Sponsor you for both of these designations (FHA & VA).
Mortgage Loan Originators are licensed, but there are opportunities out there for unlicensed Loan Originator Assistants.
What you will learn:
- Build a foundation on the mortgage process and terminology
- Learn what documents are needed in the loan package
- Practice basic mortgage calculations
- Mortgage Compliance & Required Disclosures
- Post Closing
- Lock Desk
- Junior Processor
- Opener/Set-up
- Loan Assistant
