Introduction to Mortgage Lending

This course is part of a series of self-guided online courses that will provide a detailed analysis of mortgage banking rules and regulations. The objectives of this course are to provide an overview of mortgage banking along with learning the steps in the mortgage loan process. It also explains the roles and responsibilities for those involved in the mortgage loan process.

 

The course covers the following objectives:

 

Overview of Mortgage Banking

- Determine the roles of FannieMae and FreddieMac in mortgage bankin

- Understand the differences between mortgage brokers and mortgage lenders

- Understand compliance rules for brokers and lenders

- Define wholesale lending terms

 

Mortgage Loan Process

- Identify the key steps of the mortgage loan process

- Know the difference between the Pre-Qualification stage and the Application stage of the mortgage loan process

 

The Players During Origination

- Identify the players involved in the mortgage loan process

- Understand the importance of communication in the mortgage loan process

- Identify some of the important questions considered in the mortgage loan process

 

 

Fee

$39