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MTG7600

Course
MTG7600
Course Title
Certified Mortgage Lending Specialist

Description

Discover the myriad of career options in today’s mortgage banking industry. Our comprehensive online certificate program will set you apart and give you the skills that are required by today's lending institutions.  Mortgage Lending Specialists must be knowledgeable in all aspects of mortgage loan financing.  You will learn the entire loan process, from assessing client’s needs, understanding credit and collecting data, to mortgage underwriting and closing the loan.  In addition, students will learn about the secondary mortgage market, loan servicing and the regulatory compliance associated with each phase of the loan process. 

Objectives

Upon completion of this program, students will be able to:

1) Identify and define federal mortgage related laws.

2) Explain general information about mortgage programs and products.

3) Differentiate between Mortgage Loan Originator and Mortgage Loan Specialist activities.

4) Apply ethics expected of mortgage professional. 

5) Identify MLO license laws and regulations.  

Content

1) History of Mortgage Lending

2) Real Estate Law and Security Instruments

3) Role of Residential Mortgage Lending in the Economy

4) The Mortgage Lenders

5) Secondary Mortgage Market

6) Conventional Lending

7) Private Mortgage Insurance

8) Government Lending

9) Construction Lending

10) Home Equity Lending

11) Compliance

12) Residential Mortgage Loan Origination and Processing

13) Underwriting the Residential Mortgage Loan

14) Residential Real Estate Appraisal

15) Closing and Delivery: Quality Control and Fraud

16) Mortgage Loan Servicing and Administration

17) Selling Residential Mortgage Loans

18) Strategies for Generating Residential Loans

 

Prerequisites

None

Method of Instruction

Classroom or Online - Lectures and Activities

Evaluation

Final Exam