Online Loan Processing Courses

Find out what you could study in an online loan processing course, which you may find offered as a standalone course or as part of an associate's degree or certificate program. Get info about the careers you could pursue with training in loan processing. Discover how online courses work. Schools offering Accounting & Finance degrees can also be found in these popular choices.

What Topics Are Covered in Online Loan Processing Courses?

You'll study loan application, processing and receiving procedures. You'll learn about the process loan officers and underwriters use when analyzing whether or not to grant an individual a loan. In some courses, you'll study real estate valuation and property assessment. Other courses cover the actual lending process, from evaluating an individual's credit to assessing his or her risk based on credit scores and prior spending habits. Additional topics of study could include:

  • Property qualification
  • Real estate fraud
  • Mortgage lending process
  • Commercial loan documentation
  • Quality control and loan origination
  • Current events in loan processing

How Can I Use These Courses?

Loan processing courses might train you to work as a loan underwriter or loan officer. Loan underwriters often analyze a client's finances, employment history and credit scores to determine whether a loan should be granted. Loan officers have many of the same job duties as loan underwriters; however, loan officers may also help a client select the type of loan best suited to his or her needs.

Some loan underwriters and officers focus on personal, business or real estate lending. Licensure is required to work as a mortgage loan officer. You may need to take an exam, complete 20 hours of coursework and submit to a background check in order to receive your license.

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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