Loan Officer Assistant Training Program

During this 12 week program as a Loan Officer Assistant Trainee, participants will be mentored by seasoned professionals and guided through a structured curriculum that includes loan processing fundamentals, client management, financial documentation, and the use of industry-standard software. Trainees will learn to review income documents, verify eligibility for VA loans, and prepare loan files for senior officers. This hands-on experience is designed to complement accredited coursework required by the Nationwide Multistate Licensing System (NMLS) and the California Department of Real Estate (DRE), helping candidates work toward becoming licensed Mortgage Loan Originators (MLOs).The program includes weekly modules covering regulatory compliance, disclosure requirements, fraud prevention, and fair lending practices. Trainees will gain a deep understanding of RESPA, TILA, ECOA, FCRA, and BSA/AML guidelines, along with exposure to reverse mortgages, nontraditional loan products, and government-backed programs like FHA, USDA, and VA. Performance is evaluated through quizzes, assignments, and mentor feedback, with a grading rubric that emphasizes comprehension, engagement, professionalism, and task completion. Upon successful completion, participants will be equipped with the skills and knowledge to support loan officers and navigate the mortgage industry confidently.

ABOUT THE JOB

The Loan Officer Assistant Trainee will undergo comprehensive training under the mentorship of an experienced loan officer. The training will cover various aspects of loan processing, client management, financial documentation, and the use of loan origination software. The trainee will learn to review income documents provided by clients through income verification and calculations through FHA, Fannie Mae, Freddie Mac, and VA handbooks. They will understand the different loan types and be able to answer questions based on information provided in applications. The trainee will also be able to pull certificates of eligibility for borrowers from approved VA websites and determine if VA buyers are exempt or non-exempt from applicable fees. Additionally, they will understand what documents are needed for different types of loans and be able to prepare the file for the Senior Loan Officer to review. This training can be taken alongside an accredited MLO license course per NMLS and DRE guidelines in order for the candidate to become a licensed MLO.

RESPONSIBILITIES

• Undergo comprehensive training under the mentorship of an experienced loan officer covering various aspects of loan processing, client management, financial documentation, and the use of loan origination software.
• Review income documents provided by clients, perform income verification and calculations through FHA, Fannie Mae, Freddie Mac, and VA handbooks.
• Pull certificates of eligibility for borrowers from approved VA websites and determine if VA buyers are exempt or non-exempt from applicable fees.
• Prepare loan files for review by Senior Loan Officers.

QUALIFICATIONS

• Participation in a 12-week structured training program.
• Learning and applying knowledge of loan processing fundamentals, client management, financial documentation, and industry-standard software.
• Understanding of regulatory compliance, disclosure requirements, fraud prevention, and fair lending practices.
• Ability to review and verify eligibility for VA loans and prepare loan files.
• Engagement with accredited coursework required by the Nationwide Multistate Licensing System (NMLS) and the California Department of Real Estate (DRE).

BENEFITS

• Mentorship by seasoned professionals.
• Structured curriculum that complements accredited coursework for becoming a licensed Mortgage Loan Originator (MLO).
• Exposure to regulatory guidelines like RESPA, TILA, ECOA, FCRA, and BSA/AML.
• Opportunity to learn about various loan products including reverse mortgages and government-backed programs like FHA, USDA, and VA.

OTHER

Candidates may or may not choose to take real estate/mortgage loan officer courses (at their own cost) to pursue their licensure during/following this program per regulating body guidelines (CA DRE and NMLS).