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AIB INTRODUCTION TO MORTGAGE LENDING
Course Description: This
program 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.
Audience:
Financial service professionals who want a broad
overview of mortgage lending including those who intend to pursue a career
in mortgage lending (business development, underwriting, processing) and
those individuals who recently joined a mortgage lending department.
Learning Objectives:
After successfully completing this program,
participants will be able to:
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Discuss the
involvement of commercial banks and other financial institutions in the
real estate industry
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Explain how
property is transferred from one owner to another and the legal
implications of transfer of property
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Identify the
principal federal laws that apply to the origination of home mortgage loans
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Explain the
cost approach, market data approach, and income capitalization approach to
real estate lending
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Describe the
basic procedures involved in purchasing and selling residential property
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Understand the
various functions and responsibilities of the loan servicing department
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Describe the
organization, principal participants, and basic operations of the secondary
mortgage market
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Identify
government agencies and government-sponsored agencies that interact to
further home ownership
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Explain why
banks loan money on the security of income-producing property
Topics to be covered
include:
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Introduction
to Real Estate and Mortgage Law
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The Law of
Residential Real Estate Lending
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Determining
Property Values
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Financing
Residential Real Estate
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Servicing
Residential Mortgage Loans
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The Secondary
Mortgage Market
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Government
Involvement in Mortgage Lending
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Construction
Lending and Land Development Lending
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Investing in
Residential Real Estate
Textbook:
Introduction to Mortgage Lending, 2006
Course Credits:
AIB: 3.0; ACE: 3.0; ICB: 38.5 CLBB or CTFA (INV)
Delivery Method:
This course is available in the following formats:
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