A ten module course featuring discussions and lectures by experienced professionals in the residential mortgage banking field. Completion is suggested for the Certified Mortgage Professional (CMP) designation.

To introduce students to the variety of topics and activities associated with mortgage banking in order to expand their understanding of a complex industry.  Secondary market guidelines are taught throughout the course as well as technical training in areas critical to a successful lending program in today’s home loan environment.

It is recommended for cross training employees or strengthening knowledge and understanding for all levels of experience in loan origination, compliance, post-closing, processing and underwriting residential mortgage loans.

Topics covered include:

History of the Mortgage Finance Industry, Completing the application, Loan Estimate and Closing Disclosure, Credit Reporting Scoring, Understanding a Purchase and Sales Agreement, Choosing the Appropriate Mortgage Product and Pricing, Processing and Underwriting Mortgage Loans Part I and II, Understanding Flood Hazard Determinations and Insurance, Appraising the Collateral, Closing the Real Estate Loan, Quality Control, Fraud and Compliance Overview: RESPA, TILA, ECOA, HMDA, UDAP, AML, etc.