Course
Description:

Fundamentals of Mortgage Lending provides students with the knowledge and skills necessary to discuss or sell real estate credit products with clients. The course covers the importance of mortgage lending to financial institutions and the affect of the secondary market on the lending process. It also gives an overview of real estate basics; why a client might want a real estate loan, mortgage terminology, the calculation of loan to value ratios. The loan process is discussed from the client perspective and the functions of the various financial services personnel involved. Regulations that affect the mortgage lending process are introduced at relevant points in the course.

Audience:

Any bank personnel with little or no experience in consumer lending.

Objectives:

At the conclusion of the program participants will be able to:

• Identify the benefits of mortgage lending for financial institutions
• Describe how the secondary market impacts mortgage lending
• Describe basic terminology used in mortgage lending
• Calculate loan-to-value and determine whether private mortgage insurance or taxes and hazard insurance escrows may be required
• Describe the mortgage lending process and identify what lending regulations apply throughout the process.

Delivery Options:

This course can be delivered in the classroom and is available as a self-paced online course.