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Commercial Lending Loan Officer Training
Commercial lending is such a broad field. Most commercial lenders are specialists on certain types of commercial loans. For example, some loan officers only specialize in SBA loans. Other commercial loan officers only do hard money loans. Yet, other commercial loan officers only limit to factoring or accounts receivables. One of the main benefit http://www.lendingnetwork.org differs from the competition is that lending network is a one-stop-commercial lending shop.
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Here is a commercial lending loan officer training video. This is a portion of the type of training program that is out there.
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Here is another commercial loan officer training video tape our viewers may find interesting
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Generally, commercial loan officers have at least some formal training, which they obtain through various methods.
Such as:
Commercial loan officer education: The majority of commercial loan officers possess a degree in finance, economics, business, or any other related area, which is a minimum requirement for the job.
Education and Attitude.
Commercial loan officer certification: Agents must have certifications, and Licensing Bodies, such as the Independent Community Bankers of America, offer the Certified Commercial Loan Officer (CCLO)
After this, an exam must be passed, and Continuing Education is required to keep up-to-date with new developments.
Experience is vital in this profession. When they enter the workforce, most commercial loan officers hold graduate-level positions, and they are trained by their seniors and other experienced professionals in this field.
Workshops, seminars, and online courses on new commercial practices and changing regulations are examples of continuing education opportunities for them.
SBA, Hard Money, and Factors Training Modules: Some institutions conduct specialized classes on underwriting specific types of commercial loans, such as factoring and accounts receivables, including SBA or hard money loans. Such modules equip learners with specific skills and knowledge pertinent to those areas. In this article, let us look at a few of the designated certifications and loan officer training programs on commercial loans:
Selective Commercial Loan Officer Certification level 1 (CCLO)
Offered by: Independent Community Bankers of America (ICBA)
Program: Commercial Lending Institute
Details: This is training that encompasses credit risk evaluation, loan structuring, risk assessment, and compliance oversight management. It includes formal learning as well as practical elements.
Requirements: Students must complete the institute’s program, take an examination, and complete the requisite compulsory fields of ongoing education.
Certify them as Lender Specialists (SBA)
Offered by: Other members, including NAGGL
Details: Programs focus on specific aspects of SBA loans, including the prerequisites, underwriting, and packaging. Courses may include the many variations of SBA loans, including SBA 7(a), SBA 504, and many more that require many specifications.
Format: Combination of online courses with webinars and offline workshops.
American Leading Commercial Lending Academy (ALCLA)
Offered by: American Bankers Association (ABA)
Details: This is an all-inclusive module that absolutely deals with the essential training, which incorporates credit risk management, evaluation of the financial statement, loan design, and legal facets that touch on commercial lending.
Format: One week-long rigorous program, usually located in different places in the US.
Hard Money Loan Training
Offered by Various private lenders training institutions.
Details: Such programs deal with the particularities of hard money lending, which include risk assessment, loan and collateral structuring, property valuation, and legal issues related to the loan.
Format: Online courses and training, workshops, and mentorship programs.
Factoring and Accounts Receivables Training
Offered by: International Factoring Association (IFA)
Details: The training included fundamentals of factoring, risk factors, legal factors, and operational factors. Advanced courses may include international factoring, supply chain finance, and management.
Format: Seminars, conferences, in-person and online courses.
These programs build up comprehension and necessary skills for commercial loan officers in every field they specialize in.