CFT provides a comprehensive training program on Consumer and Mortgage Loans for you and your lending staff. The school will review all aspects the consumer and mortgage loan process in-depth by focusing on the entire process: Application interview, processing, underwriting, closing, and servicing. We will dedicate a substantial portion of time on underwriting a consumer and mortgage loan with case studies for the class.
Both sessions included in this Consumer Lending School
Registration: Registration is per-participant
Times: 8:00AM – 3:00PM EST
Date: October 24 & 25, 2024
Location: DoubleTree by Hilton Bristol. 42 Century Drive, Bristol CT 06010
Day One:
- Introduction to consumer credit
- Types of Lenders
- Types of loan products
- Delivery channels
- Lending Process
- Understanding Lending Lingo
- LOS Systems
- Loan Interview/Taking an Application
- Government Loan Products
- Private mortgage insurance
- FNMA/FHLMC guidelines
- Documentation
- Underwriting:
- Consumer Loans
- Residential Mortgage Loans
- Home Equity Loans/Lines
- Calculate Mortgage Payments and Debt Ratios
- Reading a credit report
- Understanding Credit Scores
- Case Studies
Day Two:
- Real Estate Appraisals
- Condominiums
- Making the loan decision/recommendation
- Secondary Mortgage Market
- Selling loans to FNMA/FHLMC
- Closing the loan
- Quality Control
- Loan Servicing and Administration
- Loan Collections
- Generating consumer and residential loans in the marketplace
- More Case Studies
Audience: Loan originators, processors, branch personnel, new hires as well as those requiring cross training and refresher training.
Mark your calendars for this exhilarating educational journey with CFT. Get ready to be transformed into lending champions!
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Instructor
Jeff Smith
Jeff has been the Chief Lending Officer at Freedom Credit Union in Springfield, MA since 2013 and is in charge of managing the Commercial, Mortgage, and Consumer Lending portfolios, as well as the Col... read more.