What are some loan processor courses?


Quick Answer

Some common loan processor courses cover topics such as approval processes, processor duties, credit counseling, fraud detection and loan processing terminology. Basic appraisal principles, disbursing disclosures, credit principles, credit policies and real estate fundamentals are other loan processor courses.

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Full Answer

A loan processor is a professional who evaluates loan applicants to determine if they qualify for loans. He does so by checking the applicants' personal and financial information, including credit reports, employer information, lease summaries, financial statements and date-to-income ratios. Although a high school diploma is the only requirement to become a loan processor, a bachelor's or Associate degree improves employment chances. Beyond the educational requirement, a loan processor must possess essential skills such as the ability to pay attention to detail.

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