Training on usage of Loan Origination System (LOS)
6
Introduction to credit report analyzing
7
Training on underwriting guidelines
8
Customer service protocols training
9
Introduction to mortgage laws and regulations
10
Compliance training
11
Hands-on training with supervision
12
Review of initial loans with supervision
13
Approval: Supervisor for initiating unsupervised work
14
Introduction to team and other departments
15
Set up of performance measuring standards
16
Setting of goals and targets
17
Clarification of any doubts regarding job responsibilities
18
Mentor introduction for further guidance
19
Approval: HR Manager for benefits and compensation
20
Discussion about growth and career opportunities
Welcome and Introduction to the company culture
In this task, you will be welcomed to our company and introduced to our unique company culture. You will gain an understanding of our values, mission, and vision, and how they align with your role as a Loan Origination Officer. By the end of this task, you will be able to embody our company culture in your day-to-day work. What are some ways you think our company culture can positively impact your performance as a Loan Origination Officer?
Overview of job responsibilities and targets
In this task, you will receive an overview of your job responsibilities and targets as a Loan Origination Officer. You will understand the key tasks and deliverables expected from you, as well as the performance targets you need to achieve. By the end of this task, you will have clarity on your role and what is expected of you. What aspect of your job responsibilities are you most excited about?
System setup and email account creation
In this task, you will go through the system setup process and create your email account. You will be provided with the necessary resources and instructions to set up the required software and tools. By the end of this task, you will have a fully functional system and email account ready for work. What challenges do you anticipate in the system setup process? How can those challenges be overcome?
Loan Origination process overview
In this task, you will receive an overview of the Loan Origination process. You will understand the step-by-step process of originating loans, from application to approval. By the end of this task, you will have a comprehensive understanding of the loan origination process. Which step of the Loan Origination process do you think is the most critical? Why?
1
It determines the applicant's eligibility.
2
It verifies the applicant's income and employment.
3
It assesses the applicant's creditworthiness.
4
It ensures regulatory compliance.
5
It determines the loan terms and conditions.
Training on usage of Loan Origination System (LOS)
In this task, you will receive training on how to use the Loan Origination System (LOS). You will learn how to navigate the system, enter and retrieve data, and perform necessary tasks related to loan origination. By the end of this task, you will be able to independently utilize the LOS to process loan applications. What is one benefit of using the Loan Origination System (LOS) compared to manual processing?
Introduction to credit report analyzing
In this task, you will be introduced to the process of credit report analyzing. You will learn how to interpret credit reports, assess credit histories, and identify potential risks and opportunities. By the end of this task, you will have the knowledge required to make informed decisions based on credit reports. Why is credit report analyzing an essential skill for a Loan Origination Officer?
Training on underwriting guidelines
In this task, you will receive training on underwriting guidelines. You will learn the criteria used to evaluate loan applications, including income verification, debt-to-income ratios, and loan-to-value ratios. By the end of this task, you will be able to apply underwriting guidelines to assess loan applications. What challenges do you anticipate in applying underwriting guidelines? How can those challenges be mitigated?
Customer service protocols training
In this task, you will receive training on customer service protocols. You will learn how to interact with customers professionally, provide accurate and timely information, and handle customer complaints or inquiries. By the end of this task, you will be equipped with the necessary skills to deliver excellent customer service. What do you think is the most important aspect of customer service in the loan origination process?
Introduction to mortgage laws and regulations
In this task, you will be introduced to mortgage laws and regulations. You will learn about the legal frameworks and requirements that govern the loan origination process. By the end of this task, you will understand the importance of compliance with mortgage laws and regulations. How do you think a thorough understanding of mortgage laws and regulations can benefit you as a Loan Origination Officer?
Compliance training
In this task, you will receive compliance training to ensure adherence to regulatory requirements. You will learn about the specific compliance standards and procedures relevant to loan origination. By the end of this task, you will be aware of the compliance obligations and best practices to follow. Which aspect of compliance do you think is the most challenging? Why?
1
Keeping up with changing regulations.
2
Ensuring accurate documentation.
3
Verifying customer identities.
4
Preventing money laundering.
5
Maintaining data privacy and security.
Hands-on training with supervision
In this task, you will receive hands-on training with supervision. You will have the opportunity to practice loan origination tasks under the guidance and support of an experienced mentor. By the end of this task, you will have gained practical experience and enhanced your skills through real-world scenarios. What is one new skill or technique you hope to learn during the hands-on training?
Review of initial loans with supervision
In this task, you will review initial loans with supervision. You will work alongside a supervisor to review loan applications, analyze supporting documentation, and make recommendations. By the end of this task, you will have developed the ability to critically evaluate loan applications and provide valuable input. What challenges do you anticipate in reviewing loan applications? How can those challenges be addressed?
Approval: Supervisor for initiating unsupervised work
Will be submitted for approval:
Review of initial loans with supervision
Will be submitted
Introduction to team and other departments
In this task, you will be introduced to your team and other departments within the company. You will have the opportunity to meet and interact with your colleagues, fostering a sense of teamwork and collaboration. By the end of this task, you will be familiar with the individuals you will be working closely with and understand their roles. What benefits do you think collaboration with other departments can bring to your role as a Loan Origination Officer?
Set up of performance measuring standards
In this task, you will set up performance measuring standards. You will define key performance indicators (KPIs) and metrics that will be used to evaluate your performance as a Loan Origination Officer. By the end of this task, you will have a clear understanding of how your performance will be measured and what areas you should focus on for improvement. What is one specific KPI you think would be relevant for measuring your performance as a Loan Origination Officer?
Setting of goals and targets
In this task, you will set goals and targets for yourself as a Loan Origination Officer. Based on the overview of job responsibilities and targets, you will define specific objectives that align with your professional growth and development. By the end of this task, you will have a roadmap for achieving personal and organizational success. What is one long-term goal you have for your career as a Loan Origination Officer?
Clarification of any doubts regarding job responsibilities
In this task, you will have the opportunity to clarify any doubts or questions you have regarding your job responsibilities. You will engage in open discussions with your supervisor or mentor to seek clarification and gain a deeper understanding of your role. By the end of this task, you will have a clear vision of what is expected of you and how to excel in your role. What is one question or doubt you have regarding your job responsibilities?
Mentor introduction for further guidance
In this task, you will be introduced to a mentor who will provide further guidance and support throughout your journey as a Loan Origination Officer. Your mentor will be a trusted resource whom you can turn to for advice, feedback, and professional development. By the end of this task, you will have established a mentorship relationship that can contribute to your growth and success. What are some specific areas in which you would like guidance from your mentor?
Approval: HR Manager for benefits and compensation
Discussion about growth and career opportunities
In this task, you will engage in a discussion about growth and career opportunities as a Loan Origination Officer. You will explore potential career paths, development programs, and advancement opportunities within the company. By the end of this task, you will have a better understanding of your growth potential and the resources available to support your career progression. What is one aspect of career development that excites you the most?
