GSB – Overview of Residential Mortgages and Home Equity Lending

For many consumers, their residential first mortgage is the largest debt obligation. So, even if you are making other types of consumer loans, it is important to understand mortgages – how they work, typical structures, and their impact on the credit profile of your borrower. This program provides an overview of the entire mortgage process, including home equity lending. We’ll look at the business aspects of mortgages for banks, current trends in products offered, plus recent regulatory issues – most of which arose from the severe downturn in housing in 2008-2010.

Covered Topics

Update on residential first mortgage products and housing in general
The roster of various players and participants in the mortgage process, including the government sponsored entities (GSEs)
The evolution of bank involvement and current practices (originate to keep, originate to sell, using a correspondent relationship and others)
Customer goals and process differences with purchase mortgages versus refinancing
Overview of formal underwriting steps
Single closing products or construction/permanent combined loans
Evolution and current trends in home equity lending
Example underwriting for home equity line of credit (HELOC)

Target Audience
Branch managers, consumer lenders, mortgage bankers, private bankers, small business lenders, credit analysts, loan review specialists, consumer lending managers and credit officers

Presenter
Richard Hamm, Advantage Consulting & Training

Registration Option

Live presentation $275

Recording available through Mar. 7, 2022

Date

Dec 07 2021
Expired!

Time

1:00 pm - 2:30 pm

Cost

$275.00

More Info

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