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The
Practical Guide to Processing
ISBN 0-9718205-2-X
(2010)
This
product is designed to give the new or entry level processor all
information necessary to be able to quickly learn to manage a
pipeline. Most processors learn the job in segmented pieces,
moving from loan file set-up, data entry, and clearing conditions to
managing a pipeline. This book allows the processor to learn,
step-by-step, the functions they are expected to execute.
Processing
has been described as the life blood of the mortgage business - a
company lives or dies based on its ability to deliver excellent
service. Most of the burden for providing excellent service
falls on the processing function. Few companies have formal
processing training. This product is designed to help processors
manage larger pipelines more efficiently.
The
reader learns the functions, challenges and career path of the
processing position. Detailed, step-by step instructions cover
loan intake, loan file set-up, regulatory disclosure requirements,
vendor management, file status reporting, borrower communication, file
readiness determination, pre-underwriting review, working with
automated underwriting, satisfying loan stipulations, pre-closing
preparation and file audit preparation.
Specific
treatment of various specialty programs is included, such as
construction loans, FHA and VA loans, streamline refinances, debt
consolidation, brokered loans versus in-house underwritten
loans. Time management techniques, automation integration other
management techniques.
Mortgage Processors may also
want to take the on-line class,
The
Loan Processor Boot Camp, which follows the curriculum
outlined in this book, but which provides case studies and other
active exercises.
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Up
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The Practical Guide to Loan Processing
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