Buying for a team?Choose 5 or 10 licences to purchase access for multiple learners at a reduced per-person rate. After purchase, eBSI will contact you to confirm the learner details and arrange course access for each participant. Develop practical knowledge and confidence in Mortgage Lending Procedures. This course will introduce the learner to the mortgage lending process so that s/he understands the first and final steps in the process. Additionally, the learner will be instructed on how to proceed with new lending applications. Upon successful completion of this course, the learner will understand: Why this course matters This course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together. What you will gain Build a practical understanding of the key concepts covered in Mortgage Lending Procedures. Recognise where the topic applies in real workplace or business situations. Apply the methods and good-practice approaches covered in the course with greater confidence. Who is this course for? This course is suitable for professionals, managers, business owners and learners who want practical knowledge they can apply in real workplace situations. Course at a glance Study time: approximately 3 hours. Format: self-paced online learning. Professional development: CPD course. Course Description Seat Time: 2.75hrs - Desc: This course will introduce the learner to the mortgage lending process so that s/he understands the first and final steps in the process. Additionally, the learner will be instructed on how to proceed with new lending applications. Upon successful completion of this course, the learner will understand: The types of calculations that s/he will be making. The three types of application documentation. Understanding the role of the underwriter in the lending process. Course Topics T1. The Mortgage Lending Process: This topic will introduce the learner to the mortgage lending process so that s/he understands the first and final steps in the process and knows how to proceed with new lending applications. T2. Calculations: This topic will teach the learner about the types of calculations that s/he will be making, including calculating equity, LTV ratios, maximum loan amounts, and proposed payments. T3. Rates: This topic will discuss the necessity of quoting rates, including a definition of rates, rate sheets, and the process of quoting rates to customers. T4. The Application Process: This topic will teach the learner about the steps of the application process, starting with origination, and ending with finalizing the discussion, so that s/he is prepared to handle applications s/he might encounter. T5. Application Documentation: This topic will teach the learner about the three types of application documentation so that s/he is prepared to encounter and evaluate such documentation on the job. T6. Mortgage Loan Documentation: This topic will teach the learner about the next steps to take in the mortgage loan process after documentation has been written so s/he understands what items need to be gathered to verify the information stated on the application. T7. Securing and Releasing Liens on Collateral: This topic will introduce the learner to a type of security interest granted over a property, a lien, to better help him/her in the role of a lender. T8. Underwriting Guidelines: This topic will introduce the learner to the underwriting process and the underwriters' and processors' involvement in income verification requests, preliminary approvals, counteroffers, declines, and exceptions. T9. A Smooth Close: This topic will provide the learner with strategies and steps to take in ensuring the smooth closing of a mortgage loan. T10. Mortgage Loan Decisions: This topic will focus on how different loan decisions are communicated to the borrower; the possible loan decisions are approval, counteroffer, or decline. T11. ML: Closing Documentation: This topic will explain the loan finalization process, with information on closing documents for every loan and situation. Continue your learning Part of this learning pathway: Banking & Finance Learners also take: Overview of Mortgage Lending Course pathway: eBSI Banking Academy > Banking & Finance > Mortgage Lending Procedures Explore more Banking & Finance training or return to the eBSI Banking Academy.
