BRC 0325 Advanced Mortgage Lending
In this course, students will gain an understanding of and gain skills with the tools to process mortgage loans. How to deal with exceptions to the general rules, including the self-employed, will be mastered along with learning about private mortgage insurance and sources of funds for mortgage loans. This will include the sale of loans into the secondary market. An understanding of compliance issues will be gained and loan programs for low/moderate income borrowers will be explored as well as servicing mortgages and collection of delinquent mortgages.