Course

The Mortgage Lending Business

Description: An overview of the mortgage lending business, including mortgage banker, broker, and lender business models; the role of government and agencies like Federal Housing Administration and the Veteran’s Administration programs; other key players like Fannie Mae and Freddie Mac; important real estate laws; and the basics of real estate investing.

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) or those individuals who recently joined a mortgage lending department.

Fundamentals of Mortgage Lending and The Mortgage Lending Business replace the previous Introduction to Mortgage Lending course.

Learning Objectives: 

  • Explain how property is transferred from one owner to another, and the legal implications of transfer of property
  • Describe the basic principles involved in real estate investment and finance, including the business of construction and development lending
  • Describe the process of mortgage origination, processing, underwriting, closing, and servicing, including the federal laws that apply
  • Explain the various functions and responsibilities of mortgage origination and loan servicing departments
  • Identify government and government-sponsored agencies that interact to further home ownership

6 weeks
Member: $300
Non-Member: $375

Locator Number Start Date End Date
26355 – TMLB2 02/21/2017 03/31/2017
26356 – TMLB3 05/30/2017 07/07/2017

Required Textbook: There is no separate textbook for this course. All reading materials are posted online in the Learning tab of your course. 

Commands