Online Loan Processing Courses

Find out what you could study in an online loan processing course, which you may find offered as a stand-alone course or as part of an associate's degree or certificate program. Discover how online courses work. Schools offering Finance degrees can also be found in these popular choices.

What Kind of Courses Will I Take?

Loan processing deals with mortgage lending from the beginning when an application is submitted and concludes when the loan is satisfied. Ethics, documentation, regulations, and interview techniques are included in this process. You'll study underwriting, origination, and loan servicing. Those with accounting, banking, finance, or business economics backgrounds can easily make the transition to loan processing. Additional topics of study could include:

Special Topics in Banking

These types of courses continuously evolve because they deal with current events relative to mortgage banking. Student professional development is enhanced by topics addressing skills, attitudes, and ethics pertaining to the mortgage industry.

Mortgage Lending

This class surveys the actual process of mortgage lending. Areas of study usually include documentation as well as federal and state laws and regulations.

Loan Origination and Quality Control

This course teaches the mortgage application process including compliance, contracts, and interview techniques. It looks at buyer and property qualification as well as controls and procedures.

Underwriting

Underwriting is the process of risk analysis. Some of the things you can learn are the types of collateral used, loan-to-value ratios, and the different requirements of qualified federal lenders such as the VA and FHA.

Servicing

Loan servicing deals with the daily maintenance of the mortgage from the time of closing until it is paid in full. This course covers borrower payment and escrow accounting, contract servicing protocol, tax rates, and delinquencies.

At What Level Are Courses Offered?

Online loan processing courses may be part of certificate or undergraduate programs in banking or real estate finance. However, some courses are also available in stand-alone format. These courses may count for credit; some can be completed without enrollment in a certificate or degree program.

How Do Online Courses Work?

Most online loan processing courses are designed with scheduling flexibility in mind. By logging on to a school's Web application, you can access your syllabus, courses, assignments and grades. Most lessons will have assignments that must be completed by a certain due date. Lectures are often available in streaming audio or video format. You may interact with your classmates as well as your professor on a discussion board.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

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