|
Mortgages are a vital part of the financial services sector, and the market relies on qualified lenders, to provide these loans in a fair, reasonable fashion. Either through incompetence or negligence, failure to understand the basics of mortgage lending can significantly undermine an organization’s reputation.
It's a complicated discipline that can confuse newcomers as much, if not more so, than customers.
|
This course is suitable for:
• Loan officers.
• Mortgages Processors.
• Loans Underwriters.
• Bank branch managers.
• Mortgage Loan Originators.
• Credit analysers.
• Mortgage bankers.
|
The course is designed to cover the following:
• History of Mortgage Lending.
• The role of the Mortgage loan Originator.
• The mortgage application form.
• Analysing credit references.
• Supporting documentation.
• Qualifying income.
• Non-traditional mortgage products.
• Pricing and Rate Locks.
• Packaging Mortgage transactions.
• Marketing mortgage products.
|
At the end of this training, participants will be able to:
• Review a borrower’s personal financial information.
• Effectively handle all the details of the mortgage application process.
• Distinguish between the roles of Mortgage originators, processors and underwriters.
• Disclose to clients laws which protect them.
• Determine the advantages and disadvantages of different mortgage products.
• Position mortgage products effectively in a purchase environment.
• Increase your proficiency and chances of success
|
