Banking: Loan Processing – 01. Taking the Application

Processing a loan can be a complex undertaking. In our Loan Processing – 01. Taking the Application course, you will learn about the entire process. We’ll discuss the most common loans offered by mortgage lenders including conventional conforming, conventional nonconforming, Federal Housing Administration, Veterans Affairs, and subprime loans. You will also learn about the five main steps of loan processing: taking the application, the verification process, compliance, underwriting, and making the final decision. Finally, you’ll learn how to fill out a loan application yourself, with a discussion on each step in completing the form.

This course is part of a five-part series on Banking: Loan Processing and is offered as a video with additional student materials.