Spring 2025 Course Schedule

Session

Lessons

Date

Introduction to Mortgage Banking – Part I

Why is Lending Profitable?
When does a lender realize revenue?
Where does a lender obtain capital to lend?
Loan Production

Tuesday, January 21

Introduction to Mortgage Banking – Part II

Secondary Marketing
Warehousing
Loan Administration
Secondary Market Function and Players

Thursday, January 23

Ethics in Mortgage Lending

Ethics and Decision Making

Ethics in Business & Code of Ethics

Tuesday, January 28

Loan Products

Product Development
Loan Products and Programs Overview
Loan Features
Qualified Mortgages
Special Products and Programs

Thursday, January 30

Quiz #1

Introduction, Ethics, Loan Products

NA

Loan Production – Functions, Goals, and Tasks – Part I

Origination
Processing

Tuesday, February 4

Loan Production – Functions, Goals, and Tasks – Part II

Underwriting
Closing

Thursday, February 6

Loan Production – Functions, Goals, and Tasks – Part III

Underwriting (continued)
Closing (continued)
Loan Production Case Study

Tuesday, February 11

Quiz #2

Loan Production

NA

Regulatory Compliance – Part I

Regulatory Compliance Overview
Consumer Financial Protection Laws
Fair Lending and Anti-Discrimination Laws

Thursday, February 13

Regulatory Compliance – Part II

Regulatory Compliance in The Real Word
Recap and Practice Exams

Tuesday, February 18

Quiz #3

Regulatory Compliance

NA

Warehouse Lending

Overview and Risks
Funding, Obtaining, & Maintaining Lines of Credit
Process Flow and Stages

Thursday, February 20

Secondary Marketing – Part I

Introduction to the Secondary Market
Secondary Marketing Drives Pricing

Tuesday, February 25

Secondary Marketing – Part II

Pipeline Management and Risk
Loan Sales

Thursday, February 27

Secondary Marketing – Part III

Shipping and Delivery
Secondary Pricing Scenario
Review and Practice Questions

Tuesday, March 4

Quiz #4

Warehouse Lending and Secondary Marketing

Loan Servicing – Part I

Loan Servicing Overview
The Servicing Portfolio
Portfolio Valuation
Loan Servicing Operations

Thursday, March 6

No Class (Spring Break)

March 11 & 13

Loan Servicing – Part II

Servicing File Transfer and Set-Up
Cashiering and Cash Management
Investor Accounting
Escrow Administration
Customer Service

Tuesday, March 18

Loan Servicing – Part III

Collections and Loss Mitigation
Foreclosure and Real Estate Owned
Quality and Efficiency in Servicing
Technology in Servicing

Thursday, March 20

QA, QC, and Fraud

Quality Assurance
Quality Control
Fraud

Tuesday, March 25

Profitable Production Management

Profitability Defined
Income and Expenses
Emerging Opportunities
How to measure profitability
Emerging Opportunities

Thursday, March 27

Technology: Drivers & Choices

Mortgage technology basics and connections
Technology implementations and risks
Standards and oversights that govern mortgage technology
Cost benefit considerations when implementing mortgage technology
Best practices regarding mortgage technology
Most common mortgage technologies

Tuesday, April 1

Quiz #5

Loan Servicing, QA/QC/Fraud, Profitable Production Management, Technology

N/A

Role of Mortgage Loan Officer

The mortgage loan originator
Basic definitions
Skill sets required for successful origination
Types of transactions
Communication and process
Getting to closing efficiently

Thursday, April 3

The Loan Application

The MLO’s role in taking the URLA
Steps in the Mortgage Loan Interview Process
Sections of the URLA
Lender Loan Information of URLA
Supplemental Consumer Information Form
Best Practices for Wrapping Up the Loan Application

Tuesday, April 8

Compliance in Loan Origination

Overview of compliance laws in mortgage loan origination
Fair Credit Reporting Act and Fair and Accurate Transactions Act (FCRA and FACTA)
Dodd-Frank Wall Street Reform and Consumer Protection Act
Equal Credit Opportunity Act (ECOA)
Home Mortgage Disclosure Act (HMDA)
Homeowners Protection Act (HPA or PMI Cancellation Act)
TILA/RESPA Integrated Disclosure Rule (TRID)
URLA: 6. Acknowledgement and Agreement

Thursday, April 10

Evaluating the 1003: Loan Options, Credit Scoring and Reporting

Connecting with your customer
Understanding customer goals
Helping customers select loan options
Credit reporting
Credit scoring
The impact of credit on customers and transactions

Tuesday, April 15

Supporting Documentation

Documentation overview
Best practices in reviewing supporting documents
Verifications
Documenting the transaction
Documenting the applicant
Best practices for submitting documentation
Documentation and the URLA

Thursday, April 17

Quiz #6

Role of the MLO, The Loan Application, Compliance in Loan Origination, Evaluating the 1003, Supporting Documentation

Tax Returns and Qualifying Income

General rules for calculating and documenting
qualifying income
Calculating income like an underwriter
Personal tax returns: Form 1040
Business tax returns: Forms 1065, 1120, and 1120S

Tuesday, April 22

Traditional and Non-Traditional Products

Amortization and loan term
Mortgage loan programs
Fixed-rate vs. adjustable rate mortgages
How ARMs work
ARM payment options: fully-amortizing, interest-only, deferred interest (negative amortization)
Other loan products: HELOCs, home equity loans, balloon loans, and construction loans
How loan products contributed to the financial crisis and the regulatory response
Best practices for protecting consumers

Thursday, April 24

Pricing and Rate Locks

Pricing overview
Pricing terminology
Risk-based pricing
Rate locks

Tuesday, April 29

Structuring Mortgage Transactions

Primary considerations of the loan decision
Understanding the property
Structuring the transaction
Selecting the right loan program
Restructuring the transaction

Thursday, May 1

Marketing, Loan Origination Case Study Super Session

Best practices
People
Activities
Ratios
Monthly mortgage payments
Self-employed borrowers
Credit scores, qualifying, and rates
Second homes
Calculations
Lender credit
Conventional vs. FHA

Tuesday, May 6

Graduation and Networking Event

Industry Guest Appearances, Insights from the Leaders, next steps for job and career fair

Thursday, May 8