Loan Processing: Taking the Application
5 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
The first step in processing a mortgage is completing the loan application correctly, section by section.
What this course covers:
- The most common loan types lenders offer
- Each section of the loan application form
- The borrower information needed to complete it
- How the application feeds the rest of processing
For loan processors and originators learning to take a complete, accurate application.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
The course walks through completing a mortgage loan application section by section, covering the most common loan types lenders offer, what each part of the application form requires, and how a correctly taken application feeds into the rest of the loan process.
It's designed for loan processors and originators who are learning to take a complete, accurate loan application from a borrower.
It reviews the most common loan types lenders offer, giving processors context for how the type of loan affects what the application needs to capture.
The course details the borrower information needed to complete each section of the application form, so processors know what to collect at intake.
Because the application is the starting point of the mortgage file, the course explains how the information gathered here carries forward into verification, underwriting, and the final decision.
