Online Class: Bank Loan Processing

This course will provide you with the tools to help you better understand the overall lending industry and the specific responsibilities undertaken by loan officers from evaluating client's credit histories and financial data to seeking out appropriate lending sources and preparing final loan documentation.

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$120.00
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$120.00 (with CEU Certificate)
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  • 17
    Lessons
  • 18
    Exams &
    Assignments
  • 280
    Students
    have taken this course
  • 15
    Hours
    average time
  • 1.5
    CEUs
 
 
 

Course Description

Step into the Future of Lending: Transform Your Career and Empower Others

The lending industry is evolving, and with it comes the need for skilled, knowledgeable professionals who can confidently navigate this complex landscape. Whether you're dreaming of a career helping families secure their first home, enabling students to achieve their educational goals, or empowering small businesses to thrive, this course is your gateway to a future of purpose, growth, and financial success.

But this isn't just another online class. It's your opportunity to master the art and science of lending, positioning yourself as a trusted guide in an industry where expertise and integrity are more essential than ever. In today's regulatory climate, clients are not just looking for loan officers; they're seeking advisors-individuals who can demystify the lending process, craft tailored solutions, and build lasting trust. This course equips you with the tools to not only meet but exceed those expectations.

Imagine understanding every nuance of the lending world: from interpreting credit histories with precision to identifying the ideal loan products for each unique client. Picture yourself confidently designing payment structures that empower individuals to achieve their goals while aligning with their financial realities. This course transforms that vision into reality, offering insights and strategies you won't find elsewhere.

What sets this course apart? It's not just the comprehensive knowledge you'll gain; it's the practical, actionable skills that prepare you to excel in a competitive market. You'll learn how to think like an expert, communicate like a leader, and perform like a top-tier professional. We go beyond theory to show you how to thrive, from navigating diverse loan options to understanding performance-based earning structures that reward your success.

By the end of this journey, you won't just be ready to enter the lending industry-you'll be prepared to lead. Whether your focus is mortgages, auto loans, student financing, or personal lending, you'll have the confidence to take on challenges, the expertise to solve problems, and the passion to make a real difference in your clients' lives.

This is more than a career step-it's a transformation. A chance to elevate your skills, create meaningful impact, and build a future filled with opportunity. The industry is waiting for leaders like you. Enroll today and take the first step toward an exciting, fulfilling, and prosperous career in lending. The future starts now-are you ready?

  • Completely Online
  • Self-Paced
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly
  • Accredited CEUs
Universal Class is an IACET Accredited Provider
 
 

Course Lessons

Average Lesson Rating:
4.60 / 5 Stars (Average Rating)
"Extraordinarily Helpful"
(610 votes)

Lesson 1: Introduction to the Loan Processing Career

9 Points
This introductory lesson will cover basic differences between the loan officer and the loan processor; key job responsibilities associated with each; important skills & knowledge areas needed to master; and types of persons well-suited to loan officer/ pr
  • Lesson discussions: Reasons for Taking this Course
  • Complete Assignment: Why this Course?
  • Assessment: Quiz for Lesson 1 : Introduction to the Loan Officer/Processor Career

Lesson 2: General Financial Lending Industry Overview

8 Points
In this second lesson, we will provide a general sense of the lending finance industry inclusive of: average loan officer/processor salary ranges; forecast for job opportunities and growth treks within the field; and examples of specific loan officer/proc
  • Assessment: Quiz for Lesson 2 : General Financial Lending Industry Overview

Lesson 3: Steps to Becoming a Loan Officer/Processor

7 Points
In the third lesson, we provide the general steps one needs to take in order to become a loan officer-processor inclusive of the associated training, educational background, requirement or non-requirement of official certifications or licensings.
  • Assessment: Quiz for Lesson 3 : Steps to Becoming a Loan Officer/Processor

Lesson 4: Basic Skills

7 Points
Lesson 4 covers the core skills, characteristics and concepts an individual needs to have a good handle on, as well as, those that they are willing to learn in an effort to become a successful loan officer-processor.
  • Assessment: Quiz for Lesson 4 : Basic Skills

Lesson 5: Categories of Loans

10 Points
This lesson outlines the major types of loans on the market, their prevalence and specific areas of knowledge associated with each.
  • Assessment: Quiz for Lesson 5 : Categories of Loans

Lesson 6: Types of Loan Programs

10 Points
In this lesson, the focus shifts from the loan categories mentioned in lesson 5, to the specified types within each category.
  • Assessment: Quiz for Lesson 6 : Types of Loan Programs

Lesson 7: Loan Process & Structuring

9 Points
In lesson 7, we lay out the process a candidate follows when applying for a loan, the specific documents required during the application process and examples of financial asset disclosures that will need to be provided.
  • Assessment: Quiz for Lesson 7 : Loan Process & Structuring

Lesson 8: The Loan Application

8 Points
Connecting back to Lesson 7, because the loan application is so integral to the overall process, in Lesson 8, we explore the many facets of the loan application, for example, set-up--disclosures and application forms, appraisals, credit reports.
  • Assessment: Quiz for Lesson 8 : The Loan Application

Lesson 9: The Credit Report

10 Points
Because of the importance of the loan officer-processor being made privy to and being able to fairly evaluate the client's financial history and current standings, in Lesson 9, we will outline the procedures for reviewing and evaluating credit reports
  • Review 2 Practice Worksheets
  • Assessment: Quiz for Lesson 9 : The Credit Report

Lesson 10: Final Loan Documentation

9 Points
In this lesson, we will focus on those 'official loan documents' both to understand the three main documents that are required and the processes loan officers go through in order to produce such officiating forms.
  • Assessment: Quiz for Lesson 10 : Final Loan Documentation

Lesson 11 : Loan Processing Step-By-Step Procedures

0 Points
In this lesson, we'll go through all the loan processing procedures step-by-step before the loan file is handed to the underwriters.

Lesson 12: Underwriting

9 Points
In lesson 12, we touch upon the steps involved the process of securing funds, such as available funding sources, stack orders, checklists, understanding DU and LP findings or results, and satisfying conditions.
  • Assessment: Quiz for Lesson 11 : Underwriting

Lesson 13 : Payment Calculations

10 Points
In this lesson we will look at the ways in which loan officers-processors ascertain the regular payments that clients need to make to remain in good standing on their loans. We will also explore the breakdown of the fees and costs associated with borrowin
  • Assessment: Quiz for Lesson 12 : Payment Calculations

Lesson 14: Incentives, How a Loan Officer Makes Money

10 Points
To provide insight into the methods by which loan officers make money, in lesson 14 we relay the various incentive programs available.
  • Assessment: Quiz for Lesson 14 : Incentives, How a Loan Officer Makes Money

Lesson 15: Defaults on Loans

9 Points
In Lesson 15, we will look at the ramifications loan officers-processors need to face in such instances (defaults), and how the anticipation of a specified percentage of non-payers are calculated into the cost of making loans.
  • Assessment: Quiz for Lesson 15 : Defaults on Loans

Lesson 16: Current Regulations and Legislation Affecting Loans

10 Points
In Lesson 16 we will look into some of the more troublesome areas of the lending industry.
  • Assessment: Quiz for Lesson 16 : Current Regulations & Legislations Affecting Loans

Lesson 17: Basic Loan Terminology, Acronyms and Resources

74 Points
In the final lesson, we include definitions for some of the most commonly used terms within the financial lending industry. provide links and summaries for key industry websites, and list publications relevant to the loan officer profession.
  • Lesson discussions: End of Course Poll; Course Comments
  • Assessment: Quiz for Lesson 17: Basic Loan Terminology, Acronyms and Resources
  • Assessment: The Final Exam
209
Total Course Points
 

Learning Outcomes

By successfully completing this course, students will be able to:
  • Define the role of the Loan Officer.
  • Describe general financial lending industry.
  • Describe the steps to becoming a loan officer/processor.
  • Define basic skills needed for this career option.
  • Define categories of loans.
  • Define types of loan programs.
  • Summarize the loan process and loan structuring.
  • Summarize the loan application.
  • Describe the credit report.
  • Identify final loan documentation.
  • Demonstrate loan processing step-by-step procedures.
  • Summarize underwriting.
  • Describe payment calculations.
  • Describe incentives, how a loan officer makes money.
  • Summarize defaults on loans.
  • Summarize current regulations and legislations affecting loans.
  • Define basic loan terminology and acronyms.
  • Demonstrate mastery of lesson content at levels of 70% or higher.
 

Additional Course Information

Online CEU Certificate
  • Document Your Lifelong Learning Achievements
  • Earn an Official Certificate Documenting Course Hours and CEUs
  • Verify Your Certificate with a Unique Serial Number Online
  • View and Share Your Certificate Online or Download/Print as PDF
  • Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
Document Your CEUs on Your Resume
 
Course Title: Bank Loan Processing
Course Number: 7550143
Lessons Rating: 4.60 / 5 Stars (610 votes)
Languages: English - United States, Canada and other English speaking countries
Availability: This course is available online in all U.S. states, including California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, and Georgia. It’s also offered in English-speaking countries, including the UK, Canada, Australia, and New Zealand.
Last Updated: November 2024
Course Type: Self-Paced, Online Class
CEU Value: 1.5 IACET CEUs (Continuing Education Units)
CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned.
Assessment Method: Lesson assignments and review exams
Instructor: Linda Zavadil
Syllabus: View Syllabus
Course Fee: $120.00 U.S. dollars

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Student Testimonials

  • "The Instructor was great and put together a great way of learning Loan Processing." -- Donna P.
  • "I enjoyed the class." -- Eileen T.
  • "I felt all the material given was able to explain everything I needed to know about Loan Processing and the procedures that it takes to be a good Loan Officer. I enjoyed taking this online course." -- Wesley H.
  • "It was great to be able to still do my job and take the course when it was convenient." -- Ardeth L.
  • "I enjoyed it, and my instructor was very nice." -- Katherine N.

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