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RC_GO_100.1 Mortgage Banking Basics
Member Price: $0.00
Nonmember Price: $79.00
Product Code: DL2-011010-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

PLEASE NOTE: MBA Education will be transitioning to a new learning platform in June 2020. We strongly suggest that you complete your course(s) before Friday, June 19, 2020. Progress in any courses that are not completed as of the transition date will be lost and you will need to start from the beginning of your course(s) in the new platform.

If you think you will be unable to complete your courses before Friday, June 19, we recommend that you delay your registration until the transition is complete.

This is a single-family/residential course.

Generally speaking, Americans cannot afford to pay cash to purchase a new home. To facilitate homeownership and its associated economic and societal benefits, long-term mortgage loans were created. A mortgage is security interest in a property; it is given by a homeowner to a mortgage lender in exchange for money to purchase a home.

At a loan closing, the borrower signs documents pledging the property as security (collateral) for the funds used to purchase the home, in addition to signing a promissory note. The promissory note is a legal document that outlines the terms in which the borrower will repay the borrowed funds. This process is the essence of mortgage banking.

Mortgage Banking Basics examines the basics concepts of mortgage banking. It examines the business of mortgage banking, including how capital is obtained and money is made. Next, it covers some key points of history on the mortgage banking timeline, showing how these events shaped the industry we work in today. It then moves into the four functional areas of a mortgage banker and how they complete the mortgage banking cycle. From there the course delves into other players in the mortgage finance world and how they relate to one another. Finally, the course gives an overview of some of the key federal, state, and local mortgage regulations; the agencies that enforce these regulations; and the reasons that these regulations are vital to the industry.

Topics:

  • Fundamentals of Mortgage Banking
  • History of Mortgage Banking
  • How Mortgage Banking Works
  • Mortgage Banking Specialists
  • Complying with Regulations

    Seat time approximately one (1) hour.

    Copyright 2020.

     
  •  
    Product Category:
    Self-Study Web-Based Courses 
     
    Notes:
    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course. 
     
    Contact Info:

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

     
    Contact E-mail:
    education@mba.org 
     
    Product:
    DL2-011010-WC-W 
     
    Title:
    RC_GO_100.1 Mortgage Banking Basics 
     
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