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.
Loan administration (servicing) is a critical component of the lending cycle since it contributes so heavily to the overall profitability of mortgage banking.
Loan Administration Concepts takes a look at the critical concepts related to loan administration. It begins with an overview of the major goals, functions, and tasks of loan administration. It then examines the basic functions of loan administration and their associated tasks. Next, the course discusses the entities involved with loan administration: borrowers, investors, insurers, and outsource vendors. From there, the course examines the various loan programs and financing options that make up the loans in the servicing portfolio. Toward the end of the course, concepts related to the financial management of loan administration are examined. Finally, the course takes a quick look at some of the important laws that impact loan administration.
Loan Administration Goals
Loan Administration Functions and Tasks
Entities Related to Loan Administration
Financial Management in Loan Administration
Seat time approximately one (1) hour.