Explore key elements in the mortgage lending industry. Course topics include the major mortgage financing programs and guidelines, construction lending and land development financing, the impact of regulations on the mortgage process; property appraisals review and types of mortgage fraud.
The training of this course will help you answer these questions.
Where is my loan coming from?
How many types of mortgage loans? What are they?
How to compute the level of risk from the lender’s perspective?
What is Private Mortgage Insurance? Does the borrower have to buy PMI?
How do I compute how much loan I am qualified?
What should be mindful when we are dealing with seller contributions?
Learning Objectives
- Describe the basic principles involved in real estate investment and finance, including the business of construction and development lending
- Describe the process of mortgage origination, processing, underwriting, closing, and servicing, including the federal laws that apply
- Explain the various functions and responsibilities of mortgage origination and loan servicing departments
- Describe mortgage financing programs and options
- Explain applicable compliance laws and their impact on the mortgage process
- Describe how a property appraisal is completed and how they are used in mortgage financing
- Describe the basic principles involved in real estate investment and finance, including the business of construction and development lending
- Describe the different forms of mortgage fraud and its impact on the industry and financing process
Call or text (671) 687-2012 for the upcoming course schedule.
See you soon.
National Institute of Continuing Education 