Quick guide
Introduction:
As a new Loan Originator - Top Producer at CommLoan, we understand the importance of equipping you with the knowledge and skills necessary to excel in your role. To kickstart your training, we have curated a series of videos that will guide you through the loan origination process. Each video seamlessly connects to the next, forming a comprehensive training experience. Let's dive in!
1. LOAN PIPELINE:
The loan pipeline video provides an overview of the entire loan origination process, highlighting the various stages involved from application to closing. Understanding the loan pipeline is crucial as it sets the foundation for successful loan origination. This video will give you a holistic view of the journey your loans will go through.
Now that you have a clear understanding of the loan pipeline, let's delve into the first step of the process—Loan Application.
2. LOAN APPLICATION:
In this video, you will learn how to effectively complete a loan application. It covers the necessary information required from borrowers, documentation needed, and best practices for gathering accurate and complete data. By mastering this stage, you will set the stage for a smooth loan origination experience.
With the loan application submitted, the next step is to generate a prequalification. Let's explore this crucial stage.
3. GENERATING PREQUALIFICATION:
The pre-qualification video guides you through the process of analyzing borrower information and generating prequalification letters. You will learn how to assess creditworthiness, evaluate income and assets, and determine the maximum loan amount for which a borrower qualifies. This video empowers you to provide borrowers with valuable information to help them make informed decisions.
Once the prequalification is complete, it's time to move on to processing and packaging the loan. Let's proceed to the next video.
4. PROCESSING AND PACKAGING LOAN:
This video covers the essential steps in processing and packaging a loan. From verifying borrower information to compiling necessary documentation, you will gain insights into creating a complete loan package. Understanding the intricacies of this stage will ensure that your loans progress smoothly through underwriting.
Now that the loan is processed and packaged, we'll explore the borrower and lender portals, which play a vital role in the loan origination process.
5. BORROWER PORTAL:
In this video, you will discover the features and functionalities of the borrower portal. From accessing loan documents to tracking loan status, the borrower portal empowers borrowers to stay informed and engaged throughout the loan process. Understanding the borrower portal will enable you to provide exceptional service to your clients.
Equally important is the lender portal, where you'll find the tools and resources needed to manage loans effectively.
6. LENDER PORTAL:
Congratulations on completing the overview of our training videos for Loan Originators - Top Producers!
By watching these videos, you have gained valuable insights into the loan origination process, from the loan pipeline to utilizing borrower and lender portals. We encourage you to revisit these videos as needed to reinforce your understanding.
These resources are designed to equip you with the knowledge and skills necessary to thrive in your role at CommLoan.
Good luck on your journey!