The Residential Mortgage Lending course is ACE recommended for college credit transfer!
ACE Credit Recommendation Reference Number: CFTA-0014 (CFT Course Code: A201)
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
Audience: Designed for entry-level mortgage lenders, mortgage credit personnel, and bank and credit union employees who need to understand residential mortgage lending.
Diplomas and Certificates Applicable to the Residential Mortgage Lending course:
- Advanced Financial Services Diploma
- Introduction to Lending Certificate
- Real Estate Lending Diploma
- Universal Banker Diploma
- Introduction to Sales and Service Certificate
- Sales and Service Management Diploma
- Branch Manager Certificate
eBook access included in tuition
Why ebook? Ebooks offer numerous benefits! They empower you to create flashcards instantly, allowing you to reinforce your understanding of challenging sections. Ebooks facilitate active engagement by enabling you to highlight important passages effortlessly. Plus, they automatically bookmark your progress, ensuring you never lose track of where you left off. One standout feature of ebooks is their read-aloud functionality. Whether you’re on a long commute or simply need a break from reading, this feature allows the book to be narrated to you, providing a convenient alternative to traditional reading.
Ebooks offer many benefits that cater to diverse reading preferences and lifestyles, and as an added benefit, Ebooks are available on any device!
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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.