How is Mortgage Loans used?
Zippia reviewed thousands of resumes to understand how mortgage loans is used in different jobs. Explore the list of common job responsibilities related to mortgage loans below:
- Provide administrative support for Navy Federal Credit Union Mortgage department answering telephones, assisting members with their mortgage loans and applications.
- Prepared initial loan disclosures and generated mortgage loan documents for closing.
- Moved into Mortgage division performing mortgage loan documentation through close.
- Provided administrative support to local Mortgage loan department.
- Prepared daily mortgage loan activity reports and maintained appropriate data spread sheets, and Ordered mortgage coupons in data base systems.
- Prepare and maintain mortgage loan files from application to submission into processing and ensure the completeness and accuracy of required documents.
Are Mortgage Loans skills in demand?
Yes, mortgage loans skills are in demand today. Currently, 2,349 job openings list mortgage loans skills as a requirement. The job descriptions that most frequently include mortgage loans skills are mortgage assistant, mortgage counselor, and mortgage service specialist.
How hard is it to learn Mortgage Loans?
Based on the average complexity level of the jobs that use mortgage loans the most: mortgage assistant, mortgage counselor, and mortgage service specialist. The complexity level of these jobs is intermediate.
On This Page
What jobs can you get with Mortgage Loans skills?
You can get a job as a mortgage assistant, mortgage counselor, and mortgage service specialist with mortgage loans skills. After analyzing resumes and job postings, we identified these as the most common job titles for candidates with mortgage loans skills.
Mortgage Assistant
Job description:
A mortgage assistant, sometimes referred to as a loan officer assistant, works directly with clients and members of the office to meet set organization goals. Their key responsibilities include reviewing loan applications, preparing letters for credit for clients, offering administrative support to supervising loan officers, and providing customer service to clients. They are also required to use computer programs to track loan processing and billing. This role requires customer service experience and knowledge of relevant computer software.
- Data Entry
- Mortgage Loans
- Loan Applications
- Origination
- Excellent Organizational
- Customer Service
Mortgage Service Specialist
Job description:
A Mortgage Service Specialist is an expert in mortgage administrative aspects. They review and verify loan application information, file borrower information, and process paperwork with the lending bank. They also authorize and recommend personal and commercial loans for approval. Math skills are necessary for this job for accuracy in calculating both the principal and interest amounts. They should also develop skills in handling transactions, foreclosing loans, communication, attention to detail, and customer service.
- Mortgage Loans
- Customer Service
- Escrow Analysis
- Inbound Calls
- Foreclosure Process
- Real Estate
Junior Processor
Job description:
A junior processor is responsible for assessing a loan applicant's information to determine whether they are eligible to obtain a loan. This includes examining the assets submitted by the applicant, considering whether the loan is viable, and determining if the applicant is capable of paying. They also explain the terms and conditions set by the lending company. After assessment, they forward the loan applicant's details to the loan committee for appropriate action, which could be approval or disapproval.
- Mortgage Loans
- Loan Applications
- Appraisal Orders
- FHA
- Va
- Title Insurance
Branch Lending Officer
Job description:
A branch lending officer is typically in charge of processing loan applications, ensuring accuracy and smooth workflow. Their responsibilities revolve around liaising with clients to identify their needs, conducting interviews and assessments, gathering and reviewing requirements, and coordinating with analysts and other staff. They may also perform clerical tasks such as answering calls and correspondence, arranging appointments, and maintaining records of all transactions. Furthermore, as a branch lending officer, it is essential to provide efficient customer service, all while adhering to the company's policies and regulations, including its vision and mission.
- Business Relationships
- Origination
- FHA
- Mortgage Loans
- Loan Products
- Customer Service
Real Estate Loan Officer
- Real Estate Loans
- Mortgage Loans
- Business Development
- Escrow
- Financial Products
- Financial Statements
Loan Adviser
Job description:
A loan adviser evaluates and assesses mortgage applications to ensure that the client is capable and capacitated to pay their finances and obligations. They conduct one on one interviews with the client, verifies the documents presented, and handles the approval process. They can often be seen in a bank or a credit institution that gives support to the clients and borrowers. This career is considered a vital part of a bank as it determines the possible increase of a company's profit by their loan programs.
- Customer Service
- Origination
- Mortgage Loans
- Loan Process
- Automated Underwriting
- NMLS
Loan Assistant
Job description:
Loan assistants act as support primarily to loan officers in preparing, reviewing, and verifying account documentation pertinent to loans. Also, ensuring the completeness of the loan files and that all collateral has been properly secured. In addition, loan assistants update collateral values on commercial and residential real estate loans as assigned by senior management. They stay within the guidelines established by bank policy and maintain the highest level of confidentiality with all information obtained.
- Customer Service
- Loan Applications
- Mortgage Loans
- Financial Statements
- Order Appraisals
- Data Entry
Loan Supervisor
- Customer Service
- Real Estate
- Financial Statements
- Escrow
- Mortgage Loans
- Direct Reports
Underwriter
Job description:
An underwriter's duties depend on the line of work or industry involved, such as mortgage companies, insurance, or lending firms. However, an Underwriter's responsibility will mainly revolve around using their extensive expertise on how a company will achieve financial gains, and assessing the possible financial risks of a client by reviewing various aspects to determine their capacity to uphold monetary obligations. Most of the time, the Underwriter's tasks will also involve evaluating a client's credit history, health, assets, overall financial history.
- Customer Service
- Investor Guidelines
- Mortgage Loans
- Underwriting Guidelines
- Financial Statements
- FHA
Real Estate Closer
Job description:
A real estate closer is primarily in charge of closing real estate sales, liaising with buyers and sellers most of the time. Their responsibilities typically include preparing and processing legal documents, coordinating with attorneys, delivering paperwork to all parties, and completing all requirements. They must also schedule inspections, appraisals, regular maintenance checks, and repairs when necessary. Furthermore, as a real estate closer, it is essential to maintain an active communication line with all parties involved in real estate sales, all while adhering to the company's policies and regulations.
- Escrow
- Settlement Statements
- Data Entry
- Property Management
- Mortgage Loans
- Real Estate Closings
Loan Clerk
- Customer Service
- Loan Payments
- Financial Data
- Mortgage Loans
- Credit Reports
- General Ledger Accounts
Loan Processor
Job description:
A loan processor is responsible for assisting customers with their loan requests, ensuring their eligibility, and choosing the best loan options for their needs. Loan processors carefully review loan application documents and prepare loan proposals for underwriting, analyzing the applicant's financial status and credit scores, processing repayment plans, and adhering to banking and financial regulations. A loan processor must have excellent knowledge of the banking industry and processes to provide the best loan services for the customers efficiently and accurately.
- Loan Applications
- Customer Service
- Property Appraisals
- Mortgage Loans
- Credit Reports
- FHA
Loan Services Representative
Job description:
A loan service representative is responsible for communicating and interacting with clients and serves as a back-up or reliever in a company. They are the first person that the client must go through if they want to apply for a loan. Loan representatives monitor and ensure that all data and information is properly documented using a loan processing system. Also, they are the ones who inspect and verify if a company is complying with the transaction rules as well as the loan procedures and regulations.
- Customer Service
- Loan Payments
- Outbound Calls
- Escrow Accounts
- Mortgage Loans
- ACH
How much can you earn with Mortgage Loans skills?
You can earn up to $33,961 a year with mortgage loans skills if you become a mortgage assistant, the highest-paying job that requires mortgage loans skills. Mortgage counselors can earn the second-highest salary among jobs that use Python, $36,967 a year.
Job Title  | Average Salary | Hourly Rate |
|---|---|---|
| Mortgage Assistant | $33,961 | $16 |
| Mortgage Counselor | $36,967 | $18 |
| Mortgage Service Specialist | $34,920 | $17 |
| Junior Processor | $33,371 | $16 |
| Branch Lending Officer | $46,615 | $22 |
Companies using Mortgage Loans in 2025
The top companies that look for employees with mortgage loans skills are Jet Direct Mortgage, Wells Fargo, and PRMG. In the millions of job postings we reviewed, these companies mention mortgage loans skills most frequently.
| Rank | Company | % Of All Skills | Job Openings |
|---|---|---|---|
| 1 | Jet Direct Mortgage | 16% | 49 |
| 2 | Wells Fargo | 14% | 2,990 |
| 3 | PRMG | 14% | 104 |
| 4 | Fifth Third Bank | 6% | 1,068 |
| 5 | PNMAC Holdings, Inc. | 5% | 181 |
Departments using Mortgage Loans
| Department | Average Salary |
|---|---|
| Finance | $54,556 |
9 courses for Mortgage Loans skills
1. Become a Mortgage Loan Processor
Starting a new career as a mortgage loan processor is a smart and profitable decision that can have a significant effect on your financial future. Mortgage loan processors are in high demand! In this modern course, you'll learn all of the skills necessary to become a successful mortgage loan processor and be able to use these skills in you're day-to-day working life. From how to prepare a loan package to submitting a file to underwriting and getting an approved with conditions status, these lectures are designed for any one who is interested in starting a career in real estate but that would prefer not be in sales. With real world examples demonstrating exactly how to execute each step of the mortgage process, you'll find out exactly what to do (and what not to do) to prepare a file to the level where it can be approved and be compliant with all federal and state regulations. Main benefits of this course and of being a mortgage loan processor are:- Make a great starting and future income Most starting processors make $40,000 - $60,000 per year. Senior and experienced loan processors make $60,000 - $100,000+- Have the flexibility of getting paid in the form of a salary or as an independent contractor (Work from home on your computer and phone if you are an independent contractor)- Learn what it takes to close a home loan- Start a career that is in high demand where you can quickly increase your incomeIf you already know the basics of being a loan processor and want refresh your memory or are just starting out and want to learn more in depth, this is the course for you. Ensuring the success of each and every loan is very different if you have the knowledge necessary to solve problems and have back up plans if problems arise. You need to know the steps you will need to take to prepare, submit, and close a loan. This takes experience and the right skills which is what this course will provide you with. The first section of this course will take you through two hugely important elements of loan processing: how the entire loan process works and what you'll need to do on each and every loan file. You will learn how to do quality control checks to make sure you are compliant with all laws and how to be ready for an audit. In the second section of this course, you will learn what you need to do to start a career as a loan processor and what it entails. At the end of it all, you'll have the tools needed to make better, and more successful decisions in your loan processor role. A course diploma will be available to you when all sections have been completed at 100% which you can save or print. For instructions on downloading your course diploma you can go to: https://support. udemy. com/hc/en-us/articles/229603868-Certificate-of-CompletionYour instructorJoseph Correa is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans and processed many of them, he has the necessary processing knowledge to help you become a success. In the past, he has also owned a correspondent lender business and invested in real estate...
2. Start Your Own Mortgage Loan Processing Business
Are you looking to start a career as a mortgage loan processor? Have you considered hiring yourself instead of working for others? Did you know that all you need to start your own loan processing business is a mortgage loan originator license? Yes, that's right. Even if you're not thinking of starting your own business, the second and third sections of this course will show you how to process loans like a senior loan processor with practical examples which is incredibly valuable if you want to start working as a mortgage loan processor. Starting your own mortgage loan processing company requires very little time and will allow you to start working with lenders and mortgage companies not as their employee, but as the owner of your own company. You will build relationships with different companies that will send you loans to process for them. By outsourcing the work to you, they save on loan processor salaries and will increase their profits. You can choose to work for them or to work with them as a partner. Some lenders even hire loan processing companies as preferred loan processors which is a huge benefit because you will receive loans to process on a consistent basis and will charge a fee for processing these loans. WHAT WILL YOU LEARN IN THIS COURSE?Understand what you need to do to start your own processing companyDevelop your loan processing skills further so you can process loans even if you're new to this fieldLearn how to hire and pay loan processors that work for youGo over most of the loan processing documents you'll see in real life so you can become as knowledgeable as possibleHow to think like a senior loan processorHow to double, triple, or quadruple your income by charging lenders and mortgage companies a flat processing feeLoan processing companies normally charge between $300 - $900 per loan processed which can result in an annual income of:$300 x 20 (loans processed per month) x 12 (months in a year) = $72,000 or more in annual income on the low end$900 x 20 (loans processed per month) x 12 (months in a year) = $216,000 or more in annual income on the high endWHAT'S INCLUDED IN THIS COURSE?35 downloadable course documents as pdf files5 Practical exercises2 advertising examples you can use to get your business started2 Practice tests to prepare you to start your own loan processing businessMany examples of how to complete the most common loan processing documentsAccess to the instructor in case you have any questionsIn the first section of this course, you will learn how to set up and start your mortgage loan processing business, including: how to get MLO licensed to start your processing business, how to create and build lender and mortgage business relationships to bring in loans to process, what you need to do to get paid and pay others, where you can find the right contacts that will send you loans to process, and how much you can expect to get paid as a 1-person company or if you decide to hire other loan processors. In the second section of the course you will learn what steps are necessary when processing a loan file including: what documents need to be reviewed and supplemental documents such as letters of explanation (LOX's) and gift letters, what third party verifications should be completed and sent out such as VOE's, VOM's, VOD's, VOI's, request for title, request for insurance, etc. , who will take care of different steps in the process, who you need to be in contact during the loan process to get the loan to closing, what lenders and mortgage companies need to provide you so that you can perform your job (ID's, passwords, credit vendor information, etc.), how to obtain a denial letter when necessary, what the underwriter will take of, what the mortgage loan originator is responsible for, and much more. Also, I will go over some of the most important loan documents you will need to read and understand as a loan processor including: the loan estimate, a conditional loan approval, and mortgage payoffs and how to fill them out. The third section will go over important things you need to consider when starting a loan processing business such as working remotely and hiring loan processors remotely. You will additionally learn what loan processors should be doing and what loan processors should not be doing which is very important either as the owner of a loan processing business or as a loan processor that works for a lender or mortgage company. This course, in combination with my course on Loan Processor & MLO Mortgage Math: Problems & Solutions, will give you the tools necessary to become knowledgeable enough to become independent as a loan processor. Once you complete this course, you will have advanced loan processing knowledge and a course diploma to show employers. A course diploma will be available to you when all sections have been completed at 100% which you can save or print. For instructions on downloading your course diploma you can go to: https://support. udemy. com/hc/en-us/articles/229603868-Certificate-of-CompletionYour instructorJoseph Correa is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans and processed many of them, he has the necessary processing knowledge to help you become a success...
3. NMLS SAFE Mortgage Loan Originator Practice Tests
This course includes 400+ practice exam questions including mortgage specific math. All questions have solution explanations so that you understand each and every concept. If you want to become a mortgage loan originator you must pass the SAFE Mortgage Loan Originator exam. This course focuses on teaching you to master the most common questions you will see in the SAFE Mortgage Loan Originator exam. Some courses overload you with common knowledge that you will never see in the exam which is a waste of time. In this course, you will reinforce the most important topics, terms, and definitions you need to know to pass on your first try. What should be your #1 goal when taking the SAFE Mortgage Loan Originator Test? PASS ON YOUR FIRST TRY OR YOUR MONEY BACK! This course is composed of simulated practice exams and key test questions that will appear in one form or another in your test. The SAFE Mortgage Loan Originator Test is a National test composed of 125 test questions of which only 115 are scored. The test allows for a total of 190 minutes in which you have to complete all test questions. For this reason you have to be prepared to answer quickly and accurately. This course will teach you through simulated practice test questions to:- Quickly determine question types and how to answer them- See and know the answer instead of guessing your way through the test- Practice hundreds to test questions on your smart phone or computer- Understand important mortgage definitions in order to understand test questions better- Improve your math skills when taking mortgage questions that require math calculations- Answer questions quickly and accurately- Understand key laws that are important when testingThis course is a comprehensive set of simulated test questions that will help you to identify and answer questions correctly the day of the exam. Your ability to consistently answer test questions correctly will determine your final test score. Some questions will intentionally repeat in different exams as they are questions you need to know since they will appear on the actual exam. By repeating them, it will reinforce your comprehension on the subject. The questions in the practice exams you will see in this course will cover the 5 main subjects which are: Federal mortgage-related lawsGeneral mortgage knowledgeMortgage loan origination activitiesEthicsUniform State ContentThis course includes:- 4 practice tests containing 100 questions and include the explanation and/or the math calculation for each one. - 1 practice test that contains 50 questions that have a high concentration of math content within those questions. Your instructorJoe Correa took and successfully passed the SAFE Mortgage Loan Originator Test on his 1st try and is a successful mortgage loan originator and owner of Finibi Mortgage, a Mortgage Brokerage Business based out of Orlando, Florida. Joe was a college math professor for years before entering the real estate and mortgage market and was always solicited by his students because of his ability to make difficult concepts easier to understand. Good luck in your test and practice, practice, practice if you want to be successful on test day! A course diploma will be available to you when all sections have been completed at 100% which you can save or print to show employers. For instructions on downloading your course diploma you can go to: https://support. udemy. com/hc/en-us/articles/229603868-Certificate-of-Completion...
4. Advanced Mortgage Loan Processor: Essential Skills Training
Advanced mortgage loan processor training will give you the knowledge to earn a higher income. This course goes from theory to practical examples. Lenders are hiring mortgage loan processors by the hundreds! This fast-paced course will go over the most fundamental tasks processors need to master such as: requesting a change in circumstance, being able to read and understand Loan Prospector findings, outsource basic processing tasks to third party vendors which will reduce your time on repetitive tasks and will allow you to focus more on providing the best service possible. You will also learn to calculate salaried and self-employed borrowers income quickly and easily with practice questions taught by the instructor. Besides that, you'll also review common calculations you will see every day in an exercise format. These realistic exercises will teach you how to calculate the debt-to-income ratio, loan-to-value, cash to close, borrowers middle credit score when you only have two credit scores or just one, plus, how to calculate all of these in one loan scenario. This course will even go over a real life conditional approval in detail just like you will need to do when you process loans for banks and lenders. If you're looking to start a career in real estate or mortgage and want to receive a salary and not a commission, becoming a loan processor is the right choice. Main benefits of this course and of being an advanced mortgage loan processor are:- Earn a great starting salary and possibly a sign on bonus This course includes the contact information for 2 lenders that are currently hiring and need loan processors and other mortgage positions paying $40,000 - $100,000+ per year.- Work remotely from home and have a flexible work schedule- Become an expert on home mortgages- Quickly and easily change careers into a high demand marketOnce you start working as a mortgage loan processor, you can quickly move up to becoming a senior loan processor which are the highest paid form of loan processors. By completing this course, you will learn much of the knowledge senior loan processors have which will allow you to increase your income and potential for other higher paid positions within a bank, lender, or mortgage company. The first section of this course will take you through three enormously important elements of loan processing: quickly running the debt-to-income ratio, loan-to-value, and calculating the cash to close for different borrowers. How to calculate a salaried and self-employed borrowers income. In the second section of this course, you will learn what lenders are the easiest to process loans with and what tools they offer to make processing faster. You will also learn what lenders are hiring and how to get hired by using some of the techniques which I have seen work in the past. Once you complete this course, you will have advanced loan processing knowledge and a course diploma to show employers. A course diploma will be available to you when all sections have been completed at 100% which you can save or print. For instructions on downloading your course diploma you can go to: https://support. udemy. com/hc/en-us/articles/229603868-Certificate-of-CompletionYour instructorJoseph Correa is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans and processed many of them, he has the necessary processing knowledge to help you become a success. In the past, he has also owned a correspondent lender business and invested in real estate. This course is more advanced so if you haven't taken my Become a Mortgage Loan Processor course, I would suggest you start with that one first but you are welcome to start with this one and then move on to that one...
5. Loan Processor & MLO Mortgage Math: Problems & Solutions
Do you have trouble with the math portion of mortgages or on the SAFE Mortgage Loan Origination licensing exam? How about learning through practical examples taught by an industry expert and past college math professor?If you want to work as a loan processor or mortgage loan originator, you need to know how to calculate the LTV, DTI, cash to close, discount points, origination points, and many other math specific factors. This course on Mortgage Math will take you through 115 real life mortgage math problems where I will sit with you and go over each problem in detail so that you can follow along and do the problems with me. This way, you can become an expert on mortgage math before starting your new job or in your current position. By the time you finish this course, you'll be ready to take the math portion of the SAFE pre-licensing mortgage loan originator exam, if you're thinking of becoming a mortgage loan originator. If you're planning to start working as a mortgage loan processor or mortgage loan originator, you need to know how to calculate a borrower's income, which is why I'll also teach you to quickly calculate a borrower's income no matter how they're paid. If they're paid on a bi-weekly, per hour, bi-monthly, weekly basis, or if they're self-employed, you'll discover what calculation you need to use. You will be able to download my monthly income cheat sheet to have on hand when you need it so that you can always calculate your borrowers income accurately. This course includes:115 mortgage math problems. A course guide pdf to print and save. Income calculation equations pdf to save on your computer. Mortgage specific equations pdf to use while you follow the course.12 practice quizzes to see how much you've learnedThe main benefits of this course:- Real life mortgage math problems and solutionsLoan processors and mortgage loan originators that are good at mortgage math close more than twice as many loans and are paid higher than other LP's and MLO's- Complete examples on calculating W2 employees and self-employed borrowers (weekly, bi-weekly, bi-monthly, hourly, annual basis income examples)- Pass the math portion of your SAFE Mortgage Loan Origination licensing exam- Close loans faster and minimize math errors- Calculate the loan-to-value and debt-to-income ratio with speed and accuracy- Understand and determine loan discount points and loan origination points- Learn to calculate the cash to close for a borrower so that they know how much they need to bring to the closingDon't waste your time learning only theory. Get started with these practical examples taught in a hands-on approach. Once you complete this course, a course diploma will be available to you when all sections have been completed at 100% which you can save or print. For instructions on downloading your course diploma you can go to: https://support. udemy. com/hc/en-us/articles/229603868-Certificate-of-CompletionTO DOWNLOAD THE COURSE PDF'S Please go to lecture 6. You will be able to download them under resources. Your instructorJoseph Correa is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans and processed many of them, he has the necessary processing knowledge to help you become a success. In the past, he has also owned a correspondent lender business and invested in real estate...
6. Get Hired as a Mortgage Loan Processor
Getting hired as a mortgage loan processor can be an easy and simple process if you know what to do. This course will teach you how to prepare and how to apply with banks and lenders that are currently hiring. I will provide you with all the information you need to apply with over 13+ banks or lenders that are looking for mortgage professionals! This essential course will go over the most important things you need to complete and prepare before applying as a loan processor even if you don't have any experience at all. Some of the key topics that will be on this course are: how to prepare a mortgage specific resume, how to get double or triple your income as a loan processor, the difference between working for a lender, bank, or mortgage company, how to manage your income, and what type of lifestyle you will have as a mortgage loan processor. Loan processors are in high demand and can become your dream job by having a stable, high salary, and dynamic job. Main benefits of this course and of getting hired as a mortgage loan processor are:- Start making a great salary even with no prior experienceThis course includes 13+ banks and lenders that are hiring mortgage professionals and some of which provide signing bonuses of $25,000 while offering a starting salary of over $50,000+.- Learn how lenders and banks hire and what to say on the interview- Potentially work from a remote position (from home)- Learn how to overcome the experience requirement most lenders haveMortgage loan processors have the potential to grow in their career or upgrade to another position by becoming an underwriter or closer. What many loan processors don't consider is that they can even start their own loan processing company or their own mortgage company with the knowledge they acquire and grow their income to $150,000+ per year. The first two sections of this course will introduce you to the course and will teach you how to quickly and easily apply with lenders that are hiring right now. Learn exactly how to find loan processing positions on their website and apply immediately! The third and fourth sections will take you through two hugely important topics of getting hired which are: how the hiring process works even if its done remotely, and second what to say on the day of your interview so that you become the ideal candidate. Getting an interview is great but even more important than that is maximizing that opportunity by knowing what they want to hear and what you should say. Once you complete 100% of this course, you will receive a course diploma which is yours to save or print. For instructions on downloading your course diploma you can go to: https://support. udemy. com/hc/en-us/articles/229603868-Certificate-of-CompletionYour instructorJoseph Correa is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans and processed many of them, he has the necessary processing knowledge to help you become a success. In the past, he has also owned a correspondent lender business and invested in real estate. This course is a good compliment to my other courses on: Become a Mortgage Loan Processor and Advanced Mortgage Loan Processing. I would highly suggest you take these courses as well to increase your chances of getting hired...
7. Start a Profitable Career as a Mortgage Loan Originator
One of the only online mortgage courses that actually teaches you how to go from completing a loan application to closing a loan and running DU in the process. Once you become licensed as a mortgage loan originator and are licensed in Florida you can come work for Finibi Mortgage and start your new career. Main benefits of this course and of being a mortgage loan originator:- Make a great income Part-time MLO's make $45,000 - $72,000 per year. Full time successful MLO's make $150,000+ some even make $300,000 - $1,000,000+.- Have a flexible work schedule (Work from home on your computer and phone)- Learn what it takes to finance your own home loan.- Have time freedom so you can actually enjoy life and spend time with family and friendsI WISH A COURSE LIKE THIS WOULD HAVE EXISTED WHEN I STARTED AND THAT TECHNOLOGY WAS AS ADVANCED AS IT IS TODAYIn this course you will learn: How to become a mortgage loan originator and start a new career doing something fun, educational, and very profitable. MLO's, mortgage loan originators, have flexible work schedules so you can work part time, full time, weekends, or when ever you want. Just like other careers, once you get licensed you still have to learn how to do your job. This course teaches you how to do what others don't teach you. How the entire process works so you can start making money and closing loans right away. HOW EASY IS IT TO CLOSE A LOAN? Today most documents in mortgage process are digital which means you can do a large portion of the work on your smart phone or tablet. This makes things easier than ever before. You can be on the beach taking an application and submit to the bank all in the same day. It incredible how much technology has made the mortgage process faster and easier. Borrowers sign on their smart phones and your done! These are some of the things you will learn:- How to prequalify borrowers- How to complete a loan application for primary residences, investment properties, and vacation homes- How to use Calyx Point to complete a loan package including disclosures- Successfully run DU and get an approval- Submit a loan to underwriting for a conditional loan approval- Understanding a loan approval- How to read and understand a credit report- How to quote an interest rateI will walk you through every step of the way. Who is your instructor?I own my own mortgage brokerage business and have been in this business for over 15 years. I have closed hundreds of loans and made a good living do so. I love doing mortgages and constantly travel to conventions and learn new things. I even closed my own home loan when others couldn't. WHAT ARE THE BENEFITS OF BECOMING A MORTGAGE LOAN OFFICER?- Make real money. Potential to make a very profitable living. Part-time MLO's make $45,000 - $72,000 per year. Full time successful MLO's make $150,000+ some even make $300,000 - $1,000,000+.- More free time. Work when you want and where you want (thanks to digital mortgages and electronic documentation). This means you can have another job if you want to or work at home if being out and about is not possible.- You get to help others. Often, when I close a loan I make my commission but what makes me the happiest is having helped others in the process. Really, helping others buy their homes is a very satisfying experience. They will thank you and send their friends to finance with you.- Buy your own home. Most mortgage loan officers overlook the benefit of having the potential to become a home owner thanks to the knowledge and position their in. OWN YOUR HOME. It's worth it.- Come work for Finibi Mortgage once you are licensed as a mortgage loan originator. You must be licensed in Florida. You will have access to one of the fastest and technologically driven mortgage companies in the business. THIS IS NOT A LICENSING COURSE. In order to obtain your mortgage loan originator license you must take the required course (Can be take over the weekend or online) and pass the state exam. THIS COURSE WILL TEACH REAL LIFE PRACTICE OF THIS PROFESSION SO YOU ARE READY TO WORK AS SOON AS YOU ARE LICENSED. A course diploma will be available to you when all sections have been completed at 100% which you can save or print to show employers. For instructions on downloading your course diploma you can go to: https://support. udemy. com/hc/en-us/articles/229603868-Certificate-of-Completion...
8. How to Quote an Interest Rate on a Mortgage Loan
The #1 question borrowers ask when they call lenders, banks, or mortgage companies is What will be my interest rate? Mastering the process of quoting an interest rate will allow you to close more loans and increase your income as a loan originator, loan processor, or other. This course goes straight to practical examples. Borrowers will give you their loans if you know how to quote them lower interest rates! This practical course will show you how to become a expert at: running a loan scenario for all types of borrowers, reading and understanding interest rates, be able to determine if a borrower will need to buy down the rate or if they will be able to get a credit to cover closing costs. You will also be able to lock and extend interest rates. Besides that, you'll learn how to master a mortgage calculator, which you can download on your smartphone to be able to calculate monthly payments, interest paid through the life of the loan, tax deductible interest, bi-weekly payments, PITI payments, amortization terms, loan-to-value, and much more. This will make you look like a pro when your on the phone or in front of a borrower. Realtors will love you because you can tell borrowers what their monthly payments will be in a matter of seconds. Mastering the process of calculating interest rates will increase your potential to make more money on each loan! Main benefits of this course and of understanding the process of quoting interest rates:- Increase your income by closing more loans- Close more loans by adjusting interest rates and mortgage payments. Loan processors and mortgage loan originators save and close 30-50% more loans when they know how to use interest rates to benefit the borrower.- Understand how interest rates are priced- Learn to quote exact interest rates to beat the competition- Learn the benefits of quoting 29 or 28 year mortgage rates- Learn to use your compensation to help more borrowers obtain financing.- Help more borrowers to reduce their closing costs or eliminate them completely- Both you and the borrow will benefit from a lower interest rate since the borrower will have a lower payment and the risk of default will go down as well because their total payments will be lowerIn the first section of this course, you will learn how rates are priced and why some borrowers qualify for lower rates while others have higher interest rates. You will also discover why lenders have different interest rates and why they constantly change on a daily basis. In the second section of this course, you will learn how to obtain an interest rate based on a borrowers particular situation or loan criteria. Besides that, you will see live examples of how to lock an interest rate for either 15 days, 30 days, or longer. Once you complete this course, you will be able to confidently quote a borrower an interest rate based on their situation and be able to tell them what their mortgage payment will be. A course diploma will be available to you when all sections have been completed at 100% which you can save or print to show employers. For instructions on downloading your course diploma you can go to: https://support. udemy. com/hc/en-us/articles/229603868-Certificate-of-CompletionYour instructorJoseph Correa is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans, he has quoted thousands of borrower's interest rates. In the past, he has also owned a correspondent lender business and invested in real estate. This course is more advanced so if you haven't taken my Become a Mortgage Loan Processor course, I would suggest you start with that one first but you are welcome to start with this one and then move on to that one...
9. Mastering the Pre-qualification Process of a Mortgage Loan
Mastering the Pre-qualification Process of a Mortgage Loan is a very intelligent decision that will increase your profits by at least 2 - 3x's and can have a significant effect on your financial future. Knowing how to start the entire process is the key to success when financing real estate! In this in-depth course, you'll learn how to pre-qualify borrowers for all types of loans. From how to pre-qualify a borrower for an FHA loan to running a loan through DU or LP and getting an approved/eligible status, these lectures are designed for any one who is in the world of finance and particularly mortgages. If you're a real estate agent, processor, mortgage loan originator, underwriter, banker, etc., this course will take your game to the next level and save you time while increasing your income. With real world examples demonstrating exactly how to execute each step of the pre-qualification process, you'll find out exactly how to do less and make more by using my personal pre-qualification formula, which means you'll learn how to work less hours and increase approved borrowers which will also increase your closings and profits. Main benefits of this course and of being able to efficiently pre-qualify borrowers:- Increase you're income by 2 - 3x's or more Most people who put into practice what they learn in this course will have some of the best years of their career. Go from making $60,000 to $120,000. For people who are consistent with the process they learn can even make $150,000+- Spend less hours on the phone or in-person taking pre-qualifications- Learn what you need to do to set up a proven pre-qualification process- See immediate results while having more free timeIf you already know the basics of how to pre-qualify borrowers and want refresh your memory or are just starting out and want to learn more in depth, this is the course for you. If you want to be successful in this industry, you can't leave things to luck. You need to know how to pre-qualify more people in less time and know they will be approved for a home loan when you provide them a pre-qualification letter. This takes the right knowledge and the right skills which is what this course will provide you with. The first section of this course will teach you how to overcome three major obstacles in the pre-qualification process: how the entire pre-qualification process works. What type of pre-qualification method is the best and most efficient. In the second section of this course, I will teach you my personal pre-qualification method, how to save a Fannie Mae 3.2 file, and other important processes that will improve your productivity while increasing customer satisfaction. In the third section of this course, you will see live examples and will learn how to pre-qualify borrowers for FHA, conventional, VA, and USDA loans even if they're purchasing a home or refinancing their current one, and you will learn how to read and understand a pre-qualification letter. In the end, you'll have the tools necessary to pre-qualify borrowers faster and will have a seamless technique to make the rest of the process a success. A course diploma will be available to you when all sections have been completed at 100% which you can save or print. For instructions on downloading your course diploma you can go to: https://support. udemy. com/hc/en-us/articles/229603868-Certificate-of-CompletionYour instructorJoseph Correa is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having closed hundreds of mortgage loans and pre-qualified thousands of borrowers, he has the necessary knowledge to help you become a success. In the past, he has also owned a correspondent lender business and invested in real estate...