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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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