This course provides a comprehensive overview of mortgage banking, spanning various critical topics. It begins with "Introduction to Mortgage Banking," covering the profitability, revenue realization, and capital sources for lenders, followed by an exploration of secondary marketing, warehousing, loan administration, and the players in the secondary market. The course continues with "Ethics in Mortgage Lending," highlighting ethical decision-making and business codes of ethics.
As it progresses, students delve into "Loan Products," understanding product development, loan features, and special programs, followed by detailed lessons on "Loan Production," which address origination, processing, underwriting, and closing. The course also emphasizes "Regulatory Compliance," examining relevant laws and real-world applications.
In the following weeks, students explore "Warehouse Lending," understanding the risks, credit lines, and process stages, and "Secondary Marketing," learning about the secondary market, pricing, risk management, and shipping and delivery. "Loan Servicing" parts I to III cover aspects of loan servicing, including operations, portfolio valuation, cash management, and collections.
The course continues with "QA, QC, and Fraud," addressing quality assurance and control, and "Profitable Production Management," focusing on profitability metrics and opportunities. "Technology: Drivers & Choices" provides insights into mortgage technology implementations and best practices.
Towards the end, the course covers the "Role of Mortgage Loan Officer," "The Loan Application," "Compliance in Loan Origination," "Evaluating the 1003," and "Supporting Documentation," giving a thorough understanding of the origination process, compliance laws, and documentation practices. "Tax Returns and Qualifying Income" provides skills in income calculation, followed by a session on "Traditional and Non-Traditional Products," exploring various mortgage programs and their implications.
The course concludes with "Pricing and Rate Locks," "Structuring Mortgage Transactions," and "Marketing," teaching students about pricing strategies, transaction structuring, and marketing best practices. The final sessions include a comprehensive "Loan Origination Case Study" and a "Roundtable Discussion" with industry insights and career guidance. The course is interspersed with quizzes to test understanding and ensure a robust learning experience.