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RS_GO_100 Mortgage Banking Primer
Member Price: $149.00
Nonmember Price: $179.00
Product Code: DL2-000500-WC-W
Delivery Options: N/A

Description of Product
This course is only for purchase through a corporate training agreement OR through the purchase of the Level I package of the Residential Servicing Certificate and Underwriting Certificate programs.

This is a single-family/residential course series, a component of the Level I Residential Servicing Certificate and Basic Residential Underwriter Programs.

Mortgage Banking Primer introduces you to the field of mortgage banking with a primary focus on residential lending.

This series will begin by examining the basics of mortgage banking including a history of the industry, how the industry works, players in the mortgage industry, and how the industry is regulated.

It will then take an in-depth look at the roles in the mortgage process. First looking at the mortgage process known as production where mortgage loan originators work with borrowers to take loan applications, processors gather data about the borrower and property, underwriters decide if a loan is feasible to approve, and closers prepare all of the documents the borrower needs to sign to finalize the loan. The next step in the process is funding the loan where we will look at sources and types of funding including warehouse lines of credit, shipping loans to investors to recoup the funds, and quality control checks that are often put in place to make sure the delivery goes smoothly.

From there the series will explore the world of secondary marketing including the role of, and participants in, the secondary market. It will talk about loan sales and commitments, mortgage-backed securities, risk and pipeline management, as well as how loans are priced and hedged.

Finally, the series concludes with an examination of loan administration, also known as servicing. It will discuss the goals of the loan administration department, how it generates revenue, the need to provide exceptional customer service to borrowers, escrow and default administration, mortgage accounting, and the valuation and trading of mortgage servicing rights.

Series Goals

Upon completion of this series, learners should be able to:

  • Provide an overview of the mortgage lending cycle and its players.
  • Describe the four major processes of establishing a mortgage loan.
  • Detail the funding, warehousing, shipping, and quality control functions.
  • Recall secondary marketing concepts and functions.
  • Explain the roles, functions, regulations, and processes involved in servicing mortgage loans.

Series Outline

Introduction to Mortgage Banking

  • Mortgage Banking Basics
  • History of Mortgage Banking
  • How Mortgage Banking Works
  • Mortgage Lending Specialists
  • Complying with Regulations

Loan Production Basics

  • Goals of Loan Production
  • Functions of Loan Production
  • Origination
  • Processing
  • Underwriting
  • Closing
  • Loan Programs and Financing Methods
  • Complying with Regulations

Funding, Warehousing, Shipping, and QC Basics

  • Funding
  • Warehousing
  • Shipping and Delivery
  • Quality Control

Secondary Marketing Basics

  • Role of the Secondary Market
  • Secondary Mortgage Market Participants
  • Loan Sales and Commitments
  • Mortgage-Backed Securities
  • Secondary Marketing Operations
  • Risk Management
  • Pipeline Management
  • Pricing
  • Hedging
  • Complying with Regulations

Loan Administration Basics

  • Goals of Loan Administration
  • Sources of Revenue
  • Loan Administration Organizational Structure
  • Customer Service
  • Escrow Administration
  • Default Administration
  • Mortgage Accounting
  • Valuation and Trading
  • Complying with Regulations

Copyright 2019.

Product Category:
Self-Study Web-Based Courses 
This is a self-paced, self-study course. 
Contact Info:

For registration information, call (800) 793-6222 or email education@mba.org.

Contact E-mail:
RS_GO_100 Mortgage Banking Primer 
You may also be interested in these products...
RC_GO_100.1 Introduction to Mortgage Banking
RC_GO_100.2 Loan Production Basics
RC_GO_100.3 Funding, Warehousing, Shipping, and QC Basics

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