This AIB course introduces students who are new to the mortgage lending process, and discuss loans to individuals for the purchase of a residence, loans for apartment buildings and loans for real estate developers and builders. It covers construction and permanent financing for residential property; real estate law; documentation; mortgage loan servicing; the secondary mortgage market; the role of government in mortgage lending; and residential real estate as an investment. The discussion of underwriting, processing, and servicing will give participants a framework for learning the mortgage lending business and refining their existing knowledge. In addition, the coverage of laws and regulations affecting mortgage lending provides an understanding of the role of compliance in the mortgage lending business.

   Audience: Personnel who want a broad overview of mortgage lending, including those who intend to pursue a career in mortgage lending (business development, underwriting, processing), and those individuals who recently joined a mortgage lending department.

    Learning Objectives

   At the conclusion of the program participants will be able to:

• Know why mortgage lending has become important for financial services companies
• Understand the legal aspects of mortgage lending and how lenders should document mortgage loans
• How a lender determines if a mortgage loan application should be approved
• Understand the advantages and disadvantages of residential real estate as an investment

Enrollment Form

(Download and print from SER-CFT website, complete and fax to 904-354-1834)