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Certified Mortgage Processor

certified-mortgage-processor
Online Course: ID# 1005855
Price: $1,495.00
Qty:
About This Course:
Earn A Mortgage Processor Certification!

The "Certified Mortgage Processor" is a certification program offered through the National Association of Mortgage Processors (NAMP)®. Certificants receive the Certified Master Loan Processor(NAMP®-CMLP®) designation upon completion of the course and the accompanying exam.
 
This comprehensive certification training program covers a variety of key mortgage processor training areas. The program consists of several instructor-led online training modules and an exam at the end of the program.

The Modules

Below are the module titles and just a few of the learning items covered in each module.

Fair Lending And Equal Opportunity Laws
  • The purpose of the Fair Lending laws and regulations
  • Unfair, Deceptive or Abusive Act or Practices
  • Home Mortgage Disclosure Act Overview
  • Federal Housing Act
  • Equal Credit Opportunity Act
CFPB Laws - Preventing UDAAP & Other Violations
  • TILA - Reg Z
  • RESPA - Reg X
  • HMDA - Reg C
  • S.A.F.E. Mortgage Licensing Act - Reg G
  • Dodd-Frank: What You Need to Know so the Consumer Knows
  • Applying the Rules
Loan Processing 101 - The Basics
  • The loan cycle
  • Processor duties
  • Loan documentation
Appraisal Review Workshop
  • Appraisal purpose/responsibilities
  • Appraisal Section Review
  • Credit report review
Tax Returns Analysis Workshop
    Income Calculation Formulas
  • Personal Tax Return Forms and Schedules
  • Business Tax Returns Forms and Schedules
Advanced Loan Processing
  • Overtime, Bonuses, And Commissions
  • Seasonal and salaried income
  • Self-Employed income review
Calculating Income, DTI, And LTV Workshop
  • Hourly wage/salary wage calculations
  • Social security and pension calculations
  • PITI, PITIA, Housing Ratio, Total Ratio, and Payment Shock calculations
FHA/VA Processing
  • Overview of FHA and VA programs
  • Maximum Mortgage Limits
  • Case Numbers
  • AUS Recommendations
USDA Rural Housing Loan - How To Qualify, Process, And Underwrite
  • Rural development income limits
  • Rural development property eligibility
  • Lender eligibility
  • Determining eligibility
  • Determining creditworthiness
  • Property types
  • Required forms
  • Review and completion instructions for 1980-21
Mortgage Underwriter 101 - The Essentials
  • Loan Programs
  • Underwriting tools and guidelines
  • Automated vs. Manual Underwriting
Anticipated Time To Complete

This online program will take approximately 30 hours to complete. You do not have to complete this program in one sitting - there are bookmarks that allow you to stop and restart as needed.

Access Information

Upon enrollment, you will receive an email from the course provider (CampusMortgage®) with links and passwords to access your course. You will have full access to the course and it's modules for one full year.

FAQs

HOW IT WORKS:
As soon as you enroll, you will receive an email with a link and password to access our simple, easy-to-use online training portal. You have access to course materials and can send questions to the instructors for a period of one year from date of purchase.

EXAM FORMAT And GRADUATION:
To earn the certification, you are required to pass a proctored exam and a criminal background check. You may re-take the exam up to three times (Note: There is a two-week waiting period between each failed exam).

REFUND POLICY & TERMS OF USE:
Before purchasing any NAMP® certification program, we recommend you thoroughly read our Refund Policy & Terms of Use, which you can see in the 'Presenter' tab on this page.

YEARLY RE-CERTIFICATION (OPTIONAL):
Every year you will have the option to get re-certified. If you choose to do so, a re-certification charge will apply, at which time we will provide you with an additional year of access to the course materials and the online training. You also have an additional year to ask questions to the instructors.
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Certified Mortgage Processor
Price: $1,495.00
Qty:
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