| Introduction to Residential Mortgage Brokering provides new brokers with the essential concepts they need to get started in the industry. The course begins with an overview of the lending process, the players, and types of mortgage professionals. Next the course looks at essentials of how brokers do business, examining the role of the broker in mortgage lending, the broker-wholesaler relationship, sales tips and techniques, and the use of technology in mortgage lending. The course also examines the essential laws that impact mortgage brokering and provides a guide to regulatory compliance in mortgage origination. The final lesson looks at mortgage lending programs and common financing options. Links to related web sites and relevant readings supplement the course.
Course Outline:
Lesson 1 - Mortgage Lending Basics
- The Mortgage Lending Process
- Players in the Mortgage Lending Industry
- Types of Mortgage Professionals
Lesson 2 - Doing Business as a Broker
- The Role of the Broker in Mortgage Lending
- Broker-Wholesaler Relationships
- Sales Tips and Techniques
- Technology in Mortgage Brokering
Lesson 3 - Regulatory Compliance
- Key Acts Affecting Origination
- Step-by-Step Guide to Regulatory Compliance
Lesson 4 - Loan Programs and Financing Options
- Loan Programs
- Financing Options
Course Credit:
Completion of this course earns five points toward MBA's Certified Mortgage Banker (CMB), or Certified Mortgage Technologist (CMT) designations. |