Online Courses Financial Compliance Banking Compliance Loan Processing: Verification

Loan Processing: Verification

Created by: HSI - Health & Safety Institute Top Author

1,862 views Prime

Last Updated 11/2022

English

Full Lifetime Access

Finish in
5 min! Run Time

Made for for
Employees
only

No Certificate
Provided

What you'll learn

Validate applicant information as a loan processor

Explain what verification confirms before a file reaches underwriting

Identify discrepancies that must be resolved before the file advances

Skills covered in this course

banking Bank loan processing loan processing HSI-ej4

FAQs

Description

Once the application is complete it goes to the loan processor, who validates the applicant's information before it reaches the underwriter.

What this course covers:

Verifying applicant employment and income
Ordering an appraisal of the property
Obtaining the credit report and a title search
Packaging the loan for the underwriter

For loan processors learning how to verify and package a mortgage application.

System Requirements

See System Requirements in the Coggno Knowledge Base

Author

HSI - Health & Safety Institute

1960 Courses

Making the Workplace Safer and Smarter

HSI (Health & Safety Institute) is a recognized leader in Environmental, Health and Safety (EHS) and workforce development software, training, and compliance solutions.

HSI is your single-source partner for EHS, Compliance, and Professional Development solutions. HSI provides integrated e-learning content, training solutions, and cloud-based software designed to enable your business to improve safety, operations, and employee development. Across all industries, we help safety and technical managers, human resources, first responders, and operational leaders train and develop their workforce, keep workers safe, and meet regulatory and operational compliance requirements. We are a unique partner that offers a suite of cloud-based software solutions including learning management, safety management, chemical SDS management, and more, integrated with our content and training so businesses can not only monitor and manage multiple workflows in one system, but train employees via one partner.

Frequently Asked Questions

The course covers how a loan processor verifies an applicant's employment and income once the application is complete, before the file moves to underwriting.

It explains how the processor orders an appraisal of the property as part of validating the loan file.

The processor obtains the credit report and a title search, both covered as steps in validating the applicant's information.

Packaging the loan means assembling the verified information, appraisal, credit report, and title search into a file ready for the underwriter.

It's for loan processors learning how to verify an applicant's details and package a mortgage application for underwriting.

Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.

The course takes approximately 5 minutes to complete and can be paused and resumed at any time.

No. This course does not include a certificate of completion.

Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.

Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).

Yes. The course is fully self-paced and available 24/7.

Yes. This course includes a knowledge check to reinforce learning and verify completion.

Learners have lifetime access from the date of purchase.

Yes. A preview is available so you can review the course format and content before purchasing.

Yes. Content is reviewed and updated as regulations and best practices change.

Yes. This course is available for free with an active Prime Subscription.

Yes. Refund requests can be submitted within 30 days of purchase.

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Loan Processing: Verification

What you'll learn

Skills covered in this course

Overview