Mortgage Processing Fundamentals

Overview

Mortgage Processing Fundamentals is an on-demand, video recorded program which presents the base of knowledge needed to succeed at residential mortgage processing. This course is a comprehensive hands on training course for new mortgage processors including detail instructions, checklists, tools and advise used by today’s mortgage processors to submit loans to any lender.

The course is written and presented by a 25-year seasoned loan originator who has processed her own loans.

The fundamentals are universal and can be applied to any processing position. While processors perform some or all the included functions, the course provides an overview of all the necessary responsibilities and tasks to move a file from origination to closing. The knowledge acquired will enable an individual to understand the importance of following a complete process.

Understanding the roles and the expected outcomes in an origination environment is critical for originators, loan originator assistants, set up staff, processors and all operations functions.

The underlying message in all episodes is understanding that knowing the WHY and HOW leads to improved customer service, less touches on files, more profitability per loan and less stress for everyone. This level of knowledge and customer-first service has enabled Debra Killian, a Certified Residential Mortgage Specialist and the control person of her company to fund over 3,600 loans totaling over $1 billion with no advertising.

Each episode of well-structured, classroom style presentations, goes right to the heart of processing loans and uncovers issues that affect transactions.

Objectives

Understanding how origination and processing activities are inter-dependent.
Gain understanding on the role of a processor.
Delineating processor tasks vs origination tasks.
Create a mindset on why and the importance of each task.
Gaining proficiency in basic mortgage calculations.
Learn to identify appraisal issues.
Demonstrate knowledge of loan programs.
Determine what processing efficiency and accuracy mean in managing a pipeline.

Program Episodes

Introduction to Processing
The 1003 and Credit Reports
Compliance for Processors
Processing Documents
Appraisals
Income and Calculations
Products and Programs
Documentation and Red Flags

The course includes assessments, a case study and final exam.

Curriculum

Instructor

Debra Killian

Debra Killian, a seasoned Mortgage Loan Originator, Course Developer, and Instructor combines her extensive 35-year background in residential mortgages, real estate, banking, and accounting to excel in the mortgage industry. An alumnus of Western Connecticut State University with a B.B.A. in Accounting,

Debra has been a transformative figure in residential mortgages since 1994, overseeing and managing over $1 billion in real estate loans. Her unique educational and professional journey has positioned her as a dynamic and effective trainer in the mortgage and real estate sectors, offering tailored courses that use mortgage competencies in building long-term relationships with customers and real estate professionals.

A trailblazer in mortgage education, Debra co-authored pivotal NMLS-approved courses, including the 20-hour Pre-licensing SAFE Act course in 2010 and The Mortgage Professional for the same curriculum in 2011. Her contributions continued with co-authoring the MBA's School of Loan Origination and mortgage and real estate continuing education classes.
Debra relentlessly pursues the latest industry trends and regulatory changes, ensuring her courses, both new and existing, are continuously updated and aligned with current standards and practices.

Debra's leadership extends beyond her immediate professional sphere, evidenced by her past roles in the CT Mortgage Bankers Association, the National Association of Mortgage Professionals (NAMB) and various real estate associations.

A sought-after speaker, Debra lends her expertise to various professional groups and is dedicated to developing and delivering custom courses, reflecting her passion for education and industry advancement.

She and her husband Donald DeRespinis, own Charter Oak Systems, LLC which operates Cloes.online, and online education provider for pre-licensing courses required by the Secure and Fair Enforcement ACT (SAFE) Her passion is providing mortgage loan originators competency based training and professional development courses to all elevate mortgage loan originators. In addition to NMLS required courses, Debra and Don provide an array of compliance training to help companies comply with federal and state laws.