This is a single-family/residential course.
The Investor Reporting Overview course introduces an investor reporting specialist to the basic processes involved in mortgage lending, the terminology relating to those processes, and the responsibilities of the servicer to the investor.
The course first explores how the investor reporting specialist serves as the liaison between loan servicers and investors, ensuring that the obligations of the servicing contract are complied with in accordance with the terms of the servicing agreement and guidelines stipulated by the investor. It lays a foundation for understanding with a review of the main functions in the overall mortgage lending process and keys terms related to secondary mortgage market investment. It also describes the types of investors involved in the secondary mortgage market and the role of the investor reporting specialist.
The course then provides an overview of investor reporting methods and describes the various reporting methods for Fannie Mae, Freddie Mac, and Ginnie Mae, and private investors. It describes the three major reporting methods: actual/actual, scheduled/actual, and scheduled/scheduled, with illustrative examples of each method.
Finally, the course describes of the four methods of account reconciliation and closes with a discussion of the impact of the transfer of servicing on the investor reporting team.
Upon completion of this course, learners should be able to:
- Describe the main functions of the mortgage lending process.
- Define key terms in secondary mortgage market investment.
- Describe the role of the investor reporting specialist in mortgage lending.
- Identify types of mortgage loan investors.
- Describe the GSE and non-GSE investor reporting requirements.
- Explain account reconciliation methods.
- Provide an overview of the investor reporting specialist's role in a transfer of servicing.
Investor Reporting Concepts
- The Mortgage Lending Process
- Key Terms in Secondary Mortgage Market Investment
- The Role of the Investor Reporting Specialist
- Mortgage Loan Investors
Investor Reporting Requirements
- Investor Reporting Methods
- Large Investor Reporting
- Reporting for Other Investors
- Investor Accounting Reconciliation
- Transfer of Servicing