Course length: Approximately 20 minutes

Explore the fundamentals of conventional mortgage lending with an overview of conventional loan products, loan programs, and lending guidelines. Review characteristics of adjustable-rate mortgages and how periodic adjustments are calculated. See how Fannie Mae and Freddie Mac fit into conventional mortgage lending, and examine the stages of the loan process.

Course Objectives:

Upon completion of this course, you should be able to:
• Define the characteristics of conventional loans
• List the key lending guidelines set by the Federal Housing Finance Agency (FHFA)
• Describe the roles of Fannie Mae and Freddie Mac in conventional mortgage lending
• Calculate periodic adjustments on an adjustable-rate mortgage
• Summarize the conventional mortgage lending process

More detailed course information is available at: https://www.icemortgagetechnology.com/education/courses/clarifying-conventional-mortgage-lending

Last Updated 08/2019.