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FUNDAMENTALS OF MORTGAGE LENDING

Delivery Options: This course can be delivered in the classroom or online:

·         Self-paced online course - ABA eLearning (length: 2 hours)
Price: $95 members; $130 non-members  ENROLL NOW
Discounts are available for volume enrollments. 

·         Participant's Handbook and Trainer's Guide - Tools for in-house training
Handbook:  Catalog #3004623
$36.75 member; $57.75 non-member
Trainer's Guide:  Catalog #3004624
$95 member; $135 non-member          Publication Order Form

Please note:  Fundamentals of Mortgage Lending is printed on demand as ordered.  The Handbook and Trainer's Guide may not be returned.

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.