Introduction to Mortgage Lending


Description: Introduction to Mortgage Lending provides loan officers, underwriters, loan processors, and loan servicing professionals the solid background they need to help their customers borrow responsibly. The course has been updated with supplemental readings from the Consumer Financial Protection Bureau, providing you with current information about the rules that went into effect in January 2014. A discussion question has been added to the course regarding the Ability-to-Repay rule so you can dialogue with peers about it, and how they are preparing.

Audience: Financial service professionals 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: After successfully completing this program, you will be able to:

  • Discuss the involvement of commercial banks and other financial institutions in the real estate industry
  • Explain how property is transferred from one owner to another and the legal implications of transfer of property
  • Identify the principle federal laws that apply to origination of home mortgage loans
  • Explain the cost approach, market data approach, and income capitalization approach to real estate lending
  • Describe the basic procedures involved in purchasing and selling residential property
  • Understand the various functions and responsibilities of the loan servicing department
  • Describe the organization, principal participants, and basic operations of the secondary mortgage market
  • Identify government agencies and government-sponsored agencies that interact to further home ownership
  • Explain why banks loan money on the security of income-producing property
  • Describe ways to detect and prevent fraud

16 weeks
Member: $500
Non-Member: $650

ABA Credit: 3
ACE Credit: In the lower division baccalaureate/associate degree category, 3 semester hours in Mortgage Lending or Finance.

Locator Number Start Date End Date
18750 - IML77 07/11/2016 10/30/2016

There is no separate textbook for this course. All reading materials are posted online in the Learning Community of your course.