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Contract Processor Boot Camp

commercial-processing-and-underwriting
Online Course: ID# 1005812
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About This Course:
 
The "Contract Processor Boot Camp" is a certification program offered through the National Association of Mortgage Processors (NAMP)®. Certificants receive the Certified Contract Loan Processor (NAMP®-CCLP®) 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.

Contract Processing Launchpad - "Everything from A to Z"
  • Client Retention
  • Customer Service
  • Hiring Additional Contract Processors
Loan Processing 101 - The Basics
  • Mortgage Terminology
  • Processor Duties
  • Automated Underwriting System (DU/LP) Review
Advanced Processing - Real World Lessons
  • Income Documentation
  • Assets Documentation
  • Ratios
FHA/VA Processing
  • Overview of FHA and VA programs
  • How to process the FHA/VA Mortgage
  • Maximum Mortgage Limits
Mortgage Underwriter 101 - The Essentials
  • Loan programs
  • Underwriting defined
  • Underwriting tools and guidelines
Tax Return Analysis Workshop
  • Fannie Mae Cash Flow Analysis Form 1084
  • Fannie Mae Comparative Income Analysis Form 1088
  • Self-employment defined
Appraisal Review Workshop
  • Details on what the industry looks for in these reviews to prevent fraudulent appraisal practices.
  • Information that enables Underwriters to determine if there is fraudulent information provided with regard to Comps used or Sales History.
  • Details of most recent changes that agencies have required.
  • Overtime, bonus, commission, and un-reimbursed expense calculations
  • Social security and pension calculations
  • A brief introduction to self-employment income and tax returns

Anticipated Time To Complete

This online program will take approximately 24 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 & password to access our simple, easy-to-use online training portal. From here, you can start taking the recorded webinars & download course materials immediately (with 24/7 access for 1 year). You can also send questions to the instructors for a period of 1 year.

EXAM FORMAT:
To earn the NAMP®-CCLP® certification, you are required to take a proctored, one-hour timed, 30-question "open-book" exam (multiple choice/true and false). You must get at least 80% of the questions correct in order to pass the exam. You may re-take the exam up to three times (Note: There is a two-week waiting period between each failed exam).

GRADUATION:
You will receive the Certified Contract Loan Processor (NAMP®-CCLP®) certification after you have completed all (7) training classes, pass the exam and a criminal background check.

YEARLY RE-CERTIFICATION (OPTIONAL):
Every year you will have the option to get re-certified. If you choose to do so, a $299 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.

REFUND POLICY & TERMS OF USE:
Before purchasing any NAMP® certification program, we recommend you thoroughly read our Refund Policy & Terms of Use.
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Contract Processor Boot Camp
Price: $1,395.00
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