LOAN COORDINATOR

Section outline

• Select section Training Framework

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  Training Framework

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  • Select activity 👋 Newbie: Loan Coordinator Your quick-start guide ...

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    👋 Newbie: Loan Coordinator

    Your quick-start guide to teams, tools, and responsibilities.

    📂 View Loan Coordinator Role Guide

    🕓 Deadline: Within 60 Days

    Please complete all trainings below within 60 days of the To-do assignment to avoid system interruptions.

    After completing all assigned courses:

    • Go to My To-dos
    • Submit the “Loan Factory Academy” To-do for review.

    Need additional time? Submit a ticket to the Academy before the deadline, and attach your direct manager’s approval to request an extension.

• Select section WEEK 1: GENERAL MORTGAGE TRAINING

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  WEEK 1: GENERAL MORTGAGE TRAINING

  • Select activity Week 1: General Mortgage Training Building your fo...

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    Week 1: General Mortgage Training

    Building your foundation in mortgage products, income analysis, and credit.

    DAY 1

    0 Mortgage 101 1 Mortgage Acronyms

    DAY 2

    2 Evaluating & Calculating Borrower's W-2 Income 3 Analyzing Self-Employment Income - Session 1, 2 & 3

    DAY 3

    4 Evaluating & Calculating Rental Income 5 Understanding Credit Report - Session 1, 3 & 4

    DAY 4

    6 Property Types 7 Title Report & Vesting Info 8 How to Order/Review an Appraisal

    DAY 5

    9 Fundamentals of The Mortgage Process - Session 2 10 Automated Underwriting System (AUS) 11 Evaluating Borrower Assets
• Select section WEEK 2: SYSTEM & WORKFLOW 1: PREPARING TO PROCESS LOANS

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  WEEK 2: SYSTEM & WORKFLOW 1: PREPARING TO PROCESS LOANS

  • Select activity Week 2: System & Workflow 1 Preparing to process l...

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    Week 2: System & Workflow 1

    Preparing to process loans: Learn the workscope, systems, and essential documentation.

    DAY 6

    🔥 Learn Workscope: Roles & Responsibilities

    12 Session 1: Loan Processing Foundations – From Prospect to Close

    DAY 7

    13 Session 2: Real-Life Loan Processing – Submission to Lender's Approval 14 Session 3: Real-Life Loan Processing – Approval to Closing & Essential Tools

    DAY 8

    15 Processors 10 essentials + processors audit 16 Pipeline Management, Organization, Efficiency & Passing Audits

    DAY 9

    17 Rocket’s Processing Series

    DAY 10

    18 Working with Borrower Documentation

    ⭐ Reviewing Training and Getting Ready to Take Loans
• Select section WEEK 3: SYSTEM & WORKFLOW 2: DISCLOSURES TO CLOSING

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  WEEK 3: SYSTEM & WORKFLOW 2: DISCLOSURES TO CLOSING

  • Select activity Week 3: System & Workflow 2 Disclosures to Closing...

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    Week 3: System & Workflow 2

    Disclosures to Closing: Mastering the final stages of the loan process.

    DAY 11

    19 Checklist 1: Initial File Review/Submission to UW (Underwriting) 20 Lender Disclosures 21 Loan Factory Disclosures

    DAY 12

    22 Loan Estimate & Closing Disclosure Explained Line-By-Line 23 CICs and Fees for Final Closing Disclosure

    DAY 13

    24 Checklist 2: Approval/Initial CD Order 25 Escrow Accounts Explained 26 Rocket Close: Title & Closing Portal Training

    DAY 14 Catch-up Day

    📚 Complete any trainings not finished from previous days

    DAY 15 Catch-up Day

    📚 Complete any trainings not finished from previous days
• Select section WEEK 4: COMPLIANCE & PROGRAM GUIDELINES

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  WEEK 4: COMPLIANCE & PROGRAM GUIDELINES

  • Select activity Week 4: Compliance & Program Guidelines Mastering ...

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    Week 4: Compliance & Program Guidelines

    Mastering regulatory compliance, fraud prevention, and specific loan programs.

    DAY 16

    27 Mortgage Compliance Basics & Unlicensed Activity 28 TRID Compliance, NOI, and Adverse Action 29 Preventing Mortgage Fraud - Take a Closer Look

    DAY 17

    30 Overview of Correspondent Channel 31 Investor-specific Pricing & Locking Training for LOs

    DAY 18

    32 VA COE & Entitlement Fundamentals 33 VA Refi Essentials: IRRRLs (Earls) and Cash-Outs

    DAY 19

    34 Texas Refinance Rules

    DAY 20 Catch-up Day

    📚 Complete any trainings not finished from previous days
• Select section WEEK 5: NON-QM PROGRAMS & SYSTEM & WORKFLOW 3: CLOSING PREPARATION

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  WEEK 5: NON-QM PROGRAMS & SYSTEM & WORKFLOW 3: CLOSING PREPARATION

  • Select activity Week 5: Non-QM Programs & Closing Prep Specialized...

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    Week 5: Non-QM Programs & Closing Prep

    Specialized loan programs and finalizing the closing workflow.

    DAY 21

    35 Non-QM: Bank Statement, Asset Qualifier & DSCR Loans 36 Non-QM: Document requirements for Alt Doc

    DAY 22

    37 Checklist 3: Closing Preparation 38 Gift Requirements for All Loan Types

    DAY 23

    39 Mortgage Insurance Basics

    DAY 24 Catch-up Day

    📚 Complete any trainings not finished from previous days

    DAY 25 Final Review

    📚 Complete any trainings not finished from previous days
• Select section WEEK 6: PREPARING FOR PURCHASE LOANS & PRODUCTS OVERVIEW

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  WEEK 6: PREPARING FOR PURCHASE LOANS & PRODUCTS OVERVIEW

  • Select activity Week 6: Purchase Loans & Products Preparing for pu...

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    Week 6: Purchase Loans & Products

    Preparing for purchase transactions and understanding lender products.

    DAY 26

    40 10 Questions to Ask Upon Review of a Sales Contract

    DAY 27

    41 Checklist 4: Document Checklist

    DAY 28

    42 Rocket Products Overview

    DAY 29 Catch-up Day

    📚 Complete any trainings not finished from previous days

    DAY 30 Final Review

    📚 Complete any trainings not finished from previous days
• Select section WEEK 7: Loan Officer Onboarding and Development Series

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  WEEK 7: Loan Officer Onboarding and Development Series

  • Select activity Week 7: Loan Officer Onboarding & Development Adva...

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    Week 7: Loan Officer Onboarding & Development

    Advanced series covering compensation, pricing, and deep-dive loan topics.

    DAY 31

    43 LO Onboarding Series: Compensation & Fees

    DAY 32

    44 LO Onboarding Series: Pricing

    DAY 33

    45 LO Onboarding Series: Prospects

    DAY 34

    46 LO Onboarding Series: Loans

    DAY 35

    47 LODS: Mortgage 101

    DAY 36

    48 LODS: Mastering Initial Client Interaction & Application Process

    DAY 37

    49 LODS: Income Calculation

    DAY 38

    50 LODS: Understanding Title in Purchases & Refinancing

    DAY 39

    51 LODS: Loan Estimate & Title Partnerships

    DAY 40

    52 LODS: LE & CD: A Deep Dive into Our Most Important Disclosure

    DAY 41

    53 LODS: Unlock the Power of FHA Financing: 203(b), 203(k), etc.

    DAY 42

    54 LODS: Understanding Non-QM Loan Solutions

    DAY 43

    55 LODS: Understanding Different Types of Lenders