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AIB - FUNDAMENTALS OF MORTGAGE
LENDING
Course Description: This course will provide 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:
Students should have a basic knowledge of their
financial institution's products and services and less than one year of
mortgage lending experience.
Learning Objectives:
After completing this course, students will be able to:
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Explain why mortgage lending is beneficial to
financial institutions
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Describe how the secondary markets affect mortgage
lending and its relationship with government-sponsored enterprises
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Explain the reasons why a person applies for a real
estate loan
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Describe the basic terminology associated with
adjustable rate mortgages
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Explain the different sections of a real estate rate
sheet and what the terms mean to the client
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Calculate the loan-to-value ratios for a real estate
credit product
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Describe why mortgage insurance and the reserve
account is important to financial institutions
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Describe the real estate loan process and what job
functions and regulations are involved in the process
Course Credits:
AIB credits - 0.5; ICB credits
- 5.00 CLBB or CTFA(INV); CEU credits - 0.5
Delivery Methods:
This course is available in the following format:
For further
information, please call Elisa Legg at 212-297-1679 or
elegg@nyba.com. |
