Description
Course Description:
This Residential Mortgage Lending training course 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. Additionally, the coverage of laws and regulations affecting mortgage lending provide an understanding of mortgage lending’s history and a glimpse into its future.
Topics include:
- History of Mortgage Lending
- Role of Residential Mortgage Lending in the Economy
- The Mortgage Lenders
- Strategies for Generating Residential Loans
- Mortgage Instruments
- Residential Mortgage Loan Origination and Processing
- Underwriting the Residential Mortgage Loan
- Government Insurance and Guaranty Programs
- Private Mortgage Insurance
- Selling Residential Mortgage Loans
- Secondary Mortgage Market
- Residential Real Estate Appraisal
- Closing the Residential Loan
- Mortgage Loan Servicing and Administration
- Real Estate Law and Security Instruments
- Compliance
- Construction Lending
- Home Equity Loans
