Q:

How can you train to become a loan processor?

A:

Quick Answer

There are a number of training and certification programs available to aspiring loan processors, including those from the National Association of Mortgage Processors. Some available training courses cover topics such as case file underwriting, contract processing, tax return analysis and appraisals.

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Full Answer

The National Association of Mortgage Processors also offers training on credit counseling, fraud detecting and the terminology of the profession. Some certifications loan processors can receive include Certified Purple Processor, Certified Master Loan Processor and Certified Contract Loan Processor.

Though the only requirement needed to become a loan processor is a high school education, most employers seek someone with a degree in business administration or accounting.

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