Program Description:
This course introduces students who are new to
the mortgage lending process, and discusses loans to
individuals for the purchase of a residence, loans for
apartment buildings and loans for real estate
developers and builders. It covers construction and
permanent financing for residential property; real
estate law; documentation; mortgage loan servicing;
the secondary mortgage market; the role of
government in mortgage lending; and residential real
estate as an investment. The discussion of underwriting, processing, and servicing will give
participants a framework for learning the mortgage
lending business and refining their existing
knowledge. In addition, the coverage of laws and
regulations affecting mortgage lending provides an
understanding of the role of compliance in the
mortgage lending business.
After successfully completing this course, the student will be able to:
- Know why mortgage lending has become important
for financial services companies
- Understand the legal aspects of mortgage lending
and how lenders should document mortgage loans
- How a lender determines if a mortgage loan
application should be approved
- Understand the advantages and disadvantages of
residential real estate as an investment.
Who Should Attend:
Personnel who want a broad overview of mortgage
lending, including those who intend to pursue a
career in mortgage lending (business development,
underwriting, processing), and those individuals who
recently joined a mortgage lending department.
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