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MTG7314

Course
MTG7314
Course Title
Introduction to Mortgage Lending

Description

Discover a career in mortgage banking. Understand the terms and concepts used in today's industry and how they apply to the entire mortgage loan process.

Objectives

Upon successful completion of this course, the students will be able to:

  • Determine which position in the mortgage banking industry best fits their skills
  • Track a mortgage loan application through the process from start to finish

Content

1.  Historical view of Mortgage Lending

  • Economic factors
  • Legislation

2.  Loan Applications

  • 1003 form
  • Calculations and necessary information

3.  Mortgage Loan Processors

4.  Mortgage Loan Underwriters

5.  Closing

6.  Secondary Markets

7.  Warehousing

Prerequisites

None

Method of Instruction

  • Lecture or On-line

Evaluation

  • Attendance/Class Participation/Exam