Essentials Of Mortgage Lending


Essentials of Mortgage Lending

Essentials Of Mortgage Lending

This 8- hour class provides a high-level overview of the mortgage industry for novices. Addressing mortgage types, products, and programs, the course will also touch on roles and responsibilities of key players in the loan process. Students will have the opportunity to review and practice completing critical components of a loan file.

Agenda
• Mortgage History
• Mortgage Terminology and The Regulators (Multi Media presentation)
• Mortgage Terminology and Loan Types and Components (using scenarios for practical application)
• Mortgage Terminology and Compliance & Fraud (covering 10 most common compliance regulations, 8 most common fraud schemes with practical application)
• Mortgage Terminology and The Mortgage Loan Cycle (using a role play covering each roles process and responsibilities with the loan)
• The Mortgage Loan Melodrama (simulation activity)
o Origination: Defining the 1003 and reviewing disclosures (LE)
o Processing: Calculating income. How DTI is calculated and LTV is calculated
o Underwriting: Reviewing the 4 C’s Credit, Capacity, Capital, Collateral (with real examples)
o Closing/Funding: Reviewing preliminary title and vesting. Viewing Closing documents. (CD)
o Post-Closing: Review Final Title, and steps to send loan to investor.
o Servicing: Cover what servicing does to board a loan and prepare it for first payment.
• Final quiz putting it all together.

Price: $249.00

Oct 21st Virtual Class Online, CA
Essentials of Mortgage Lending - October 2020 (Virtual Classroom)
(20 seats remaining)

Event Schedule

Virtual Class Online
Pacific Time (USA)/los_Angeles
October 21, 2020 8:00 AM - 12:00 PM
October 22, 2020 8:00 AM - 12:00 PM



Nov 10th Virtual Class Online, CA
Essentials of Mortgage Lending - November 2020 (Virtual Classroom)
(20 seats remaining)

Event Schedule

Virtual Class Online
Pacific Time (USA)/los_Angeles
November 10, 2020 12:30 PM - 2:30 PM
November 11, 2020 12:30 PM - 2:30 PM
November 12, 2020 12:30 PM - 2:30 PM
November 13, 2020 12:30 PM - 2:30 PM



Dec 7th Virtual Class Online, CA
Essentials of Mortgage Lending - December 2020 (Virtual Classroom
(20 seats remaining)

Event Schedule

Virtual Class Online
Pacific Time (USA)/los_Angeles
December 7, 2020 8:00 AM - 12:00 PM
December 8, 2020 8:00 AM - 12:00 PM



Payment Methods

AMEX, MC, VISA and Discover

Visa, MasterCard, and American Express

Refund Policy

See Terms & Conditions