Description
This course is designed to provide financial institution professionals with an understanding of home equity lending products and the regulatory framework governing them. Participants will gain a solid foundation in the concepts of home equity, the various types of home equity products available, and the underwriting and risk management considerations associated with these loans.
The course will delve into the intricacies of home equity lines of credit (HELOCs) and home equity loans (HELs), including their features, benefits, and risks. Participants will learn how to assess borrower eligibility, determine appropriate loan-to-value ratios, and manage credit risk effectively.
The course will also explore the complex regulatory landscape surrounding home equity lending.
Upon completion of this course, participants will be equipped with the knowledge and skills necessary to confidently work with home equity loan applications and mitigate risks while adhering to regulatory mandates.
Course Objectives:
- Understand the fundamentals of home equity and its role in financial planning.
- Master the differences between HELOCs and HELs, including their features and benefits.
- Gain a comprehensive understanding of applicable regulations.