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RC_LA_CM_200.1 Cash Flow
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011117-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Our new module library contains excerpts taken from more in-depth courses. This module is an excerpt from our Cashiering Overview self-study web-based course.

The homeowner’s monthly mortgage payment is generally broken down into several different components, and many different parties may make claim to their portion of the payment. There are a myriad of combinations of elements contained within a given payment, and the flow of cash may be as simple as a direct payment to reduce the principal balance or it may be as complex as a payment that is divided and distributed to different investors, government agencies, insurance entities, escrow payees, and so on.

In Cash Flow, we will look at the movement of cash from the borrower to the servicer and investors to see where the money goes and how it gets there. We begin with a look at the various elements of a mortgage payment. Next we will look at what happens to the cash once it comes into the cash flow system and the different methods of submitting a payment to the mortgage servicer, such as ACH drafting, wire funds transfers, or lockbox payments. Finally, we will look at two different types of accounts in which payment funds are held: custodial and corporate funds.

Topics:

  • Payment Elements
  • Payment Methods
  • Corporate Funds
  • Custodial Funds

    Seat time approximately one (1) hour.

    Copyright 2016.

     
  •  
    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:
    DL2-011117-WC-W 
     
    Title:
    RC_LA_CM_200.1 Cash Flow 
     
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