U.S. Residential Real Estate, Property & Mortgage Business

Property & Mortgage Underwriting | Loan Processing | Financial Analysis | Mortgage Operations | Origination

Created by: Starweaver Instructor Team
Learning | Doing | Connecting®

Created by: Paul Siegel
Top rated instructor and course creator

Created by: Starweaver Producers

What Will I Learn?

• Describe the real estate mortgage market, including how and why people finance properties with mortgages.
• Explain the size and scope of the U.S. residential mortgage market.
• List and discuss roles of the key players in the mortgage industry and the functions and roles they have.
• Apply current and historic mortgage regulations to financial and credit underwriting of mortgage loans
• Identify key mortgage types and describe the audience and markets for each.
• Delineate the various residential property types, and the risks each has to the mortgage lender.
• Articulate the financial and business terms and conditions related to mortgages, as well as the full meaning and importance of each.
• Explain the full consumer mortgage underwriting lifecycle from the consumer, originator, underwriter and financier POVs, and each step along the way.
• Conduct a borrower income analysis, read and understand credit history and reports, and evaluate the credit worthiness of a borrower.
• Evaluate appraisals and asset valuations, and the appraisals and the appraisal process.
• Explain titling and insurance, titling requirements and related title issues.
• Use (and not be afraid of) the math, rates and calculations behind mortgage pricing.
• Discuss mortgage metrics and be able to provide an overview of loan approvals and rejections.
• Identify financial distress in mortgages, including early warning signs, foreclosure alternatives, and loss mitigation strategies.
• You'll learn about loan servicing and servicing regulations.
• Define securitization, learn why financial institutions securitize mortgages, and advantages and disadvantages of securitization to the issuer and investor.
• Describe the mortgage securitization process, from origination, to packaging and to servicing a securitized portfolio of mortgages.
• Understand what a mortgage backed security (MBS) is, how rating agencies are involved in evaluating MBS securitizations, and appreciate the complexities.

Requirements

• Knowledge of the English language.

Target audience

• All levels of audience are encouraged to participate in this course.