WBA/ABA Introduction to Mortgage Lending
An overview of the mortgage lending business, including business models such as mortgage banker, broker, and lender; 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; basics of real estate investing. Explore key elements in the mortgage lending industry.
Course Topics Include: major mortgage financing programs and guidelines; construction lending and land development financing; regulatory compliance laws and their impact on the mortgage process; property appraisals review; types of mortgage fraud and impact on the industry.
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.