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RC_LA_CR_200.2 Loan Administration Concepts for CSRs
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011143-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

Loan administration is a large, complex array of functions that comprises one of the three primary disciplines necessary to the business of mortgage banking: loan production, secondary marketing, and loan administration. Together, loan production and secondary marketing create the loan servicing portfolio. The mortgage banker's loan servicing portfolio is its "storehouse of value," a salable asset that produces a regular, long-term stream of income. Loan administration is the "caretaker" of this asset, which typically is the mortgage banker's single greatest source of net revenues.

Though the different functions involved in loan administration are divided into similar work categories, they overlap and are reliant upon one another. There are different names given to these functions, as well as different organizational structures linking them together. The functions are generally categorized into three primary groups: accounting, customer service, and asset preservation. It is important to be familiar with the role all of the groups play.

Loan Administration Concepts for CSRs starts by looking at various loan administration functions including new loan setup, records retention, document management, escrow administration, payoffs, assumptions, collections, loss mitigation, foreclosure, bankruptcy, REO, and accounting. The course then examines the objectives of a loan administration department. Among these objectives are maximizing income, managing servicing fees, reducing the servicer's risk, minimizing costs, and creating goodwill.

Topics:

  • Loan Administration Functions
  • Loan Administration Objectives

Seat time approximately one (1) hour.

Copyright 2019.

 
 
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:
DL2-011143-WC-W 
 
Title:
RC_LA_CR_200.2 Loan Administration Concepts for CSRs 
 
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