Program Description:
This AIB course covers the basic terminology and
regulations of mortgage lending and also provides
information on the secondary market. The benefits to
a financial institution derived from selling mortgage
loans are explained.
After successfully completing this course, the student will be able to:
- Describe basic terminology regarding interest rates,
fees, job functions, and how credit decisions are made
- Calculate LTV and determine if escrows are needed
- Explain credit scoring
- Identify mortgage lending regulations and how they apply to the mortgage lending process
Who Should Attend:
Personnel who currently sell mortgages, or who are involved in the mortgage lending process.
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