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FUNDAMENTALS OF MORTGAGE LENDING
Self-paced online course - ABA eLearning (length: 2 hours)
Price: $95 members; $130 non-members
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Registration Form Enroll
Online
This course is also
available at discounted prices under an annual license. Call or email
for details.
Course Description: This course 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 mortgage lending.
Learning Objectives:
After completing this course,
students 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.
Course Credits: AIB credit: 0.25; ICB credits: 5.00
For further information,
please call Elisa Legg at
212-297-1679 or elegg@nyba.com.
The
New York Bankers Association is a Local ABA Training Provider.
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