Description
This Residential Mortgage Lending training course covers construction and permanent financing for residential property; real estate law; documentation; mortgage loan servicing; the secondary mortgage market; the role of government in mortgage lending; and residential real estate as an investment. The discussion of underwriting, processing, and servicing will give participants a framework for learning the mortgage lending business and refining their existing knowledge. Additionally, the coverage of laws and regulations affecting mortgage lending provide an understanding of mortgage lending’s history and a glimpse into its future.
** Some vendors provide a price without textbook & shipping. CFTEA pricing includes all materials needed to complete your course. **
Topics include:
- Mortgage Lending Overview
- Mortgage Lending Process
- Financial Instruments
- Conventional Loans / Financing
- Government Loan Programs
- Nontraditional / Nonconforming Loans & Financing
- Federal Financial Disclosure Laws
- Federal Privacy Protection and Consumer Identification Laws
- Federal Prohibition of Predatory Lending
- The SAFE Act
- Ethics in Mortgage Lending
- Uniform State Test
- Selected Consumer Protection Regulations
- Financials and Calculations Review
- The Successful Mortgage Loan Closing
- Appendix
Hondros Learning / CFTEA
Award Application and Career Pathing
Residential Mortgage Lending applies toward the completion of the following certifications, certificates and diplomas:
- Advanced Financial Services Diploma
- Bachelor of Science in Business Administration with a Banking Major
- Credit Analyst Diploma
- General Banking Diploma
- Introduction to Lending Diploma
- Loan Collections Diploma
- Residential Loan Processing Certificate
- Residential Loan Underwriting Certificate
- Residential Mortgage Lending Certificate