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.
The Funding, Warehousing, Shipping, and QC Basics course examines the funding, warehousing, shipping and delivery, and quality control processes in mortgage lending. It begins by describing the various financing methods available, sources of the funds that are lent, and types of funding. Next, the course looks at how and why most mortgage bankers use a warehouse line of credit to finance loans. This section discusses warehouse lines of credit, warehouse features, and the typical warehouse funding process.
From there, the course moves to the shipping and delivery functions of the mortgage lending process. This includes the Uniform Loan Delivery Dataset (ULDD), the six-step process for shipping and delivering a loan, as well as the importance of communication. Finally, it covers how and why lenders perform quality control checks including the process timeline, program elements, and information about mortgage fraud.
- Shipping and Delivery
- Quality Control
Seat time approximately one (1) hour.