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RC_LA_100.3 Loan File Documents
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011061-WC-W
Delivery Options: N/A

Description of Product

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 process of real estate lending results in collecting a number of documents used to create a mortgage loan. Most of these documents are associated with the origination and underwriting functions and are dictated by the standard processes imposed by secondary marketing investors. Anyone working in loan administration should be familiar with the critical documents in the loan file and have a thorough understanding of its essential instruments. The documents in the loan file are the tools used to resolve any problems that may arise throughout the life of the loan, such as borrower default.

Loan File Documents closely examines the critical documents in a loan file, including the deed, the security instrument, and the promissory note. The course surveys the essential mortgage clauses and riders to the promissory note and security instrument and also studies the various insurance policies/certificates in the loan file, including those for title, hazard/homeowner, flood, and mortgage insurance. Finally, the course ends with a consideration of other important documents found in the loan file, such as the sales contract, the loan application, the good faith estimate or Loan Estimate, the credit report, verifications, the appraisal, the survey, the truth-in-lending statement, and the HUD-1 settlement statement or Closing Disclosure.


  • Deed
  • Promissory Note
  • Security Instrument
  • Essential Mortgage Clauses
  • Riders to the Promissory Note and Security Instrument
  • Title Insurance Policy
  • Hazard or Homeowner Insurance Policy
  • Flood Insurance Policy
  • Mortgage Insurance Policy/Certificate
  • Other Loan File Documents

    Seat time approximately one (1) hour.

    Copyright 2020.

    Product Category:
    Self-Study Web-Based Courses 
    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:
    RC_LA_100.3 Loan File Documents 
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