The CMS designation was first created by Capstone in 1998. The purpose of the designation was to have a prescribe mortgage curriculum which would bring employees with no mortgage background up to a professional competency level in a few weeks versus 3 to 4 months of on the job training.
All of these training programs can be purchased individually
For best results students should be required to complete this training within 2 two of starting their job.
The CMS mortgage training curriculum covers all of the skills required to give new Processors “Mortgage Competency.”
Instructor: Kathy Lewis
Duration: 44 Hours / 90 Days Access
Included: Printed Manuals and Case Studies And Online Manuals And Case Studies
Loan Processor CMS Curriculum: 44 Hrs. Training Cycle
1st: Fundamentals Of Loan Processing (Conventional Loans)
2nd: Fees Worksheet & Loan Estimate
3rd: Correctly Calculating The Borrowers Income
4th: How To Read Credit Reports
5th: Understanding FHA Loans
6th : Understanding VA Loans
7th Qualifying The Self-Employed Borrower
8th: TRID – TILA-RESPA – Integrated Disclosures