Residential Mortgage Banking

Necomitt Academy
Last Update September 3, 2022
2 already enrolled

About This Course

The first part of this course provides the learner a foundational historical understanding of the residential mortgage industry. The second gives a fairly detailed account of  developments in specific aspects of the mortgage banking industry. And entails the studying of the American residential mortgage business activities; which, in turn, progresses to the evaluating of the often evolving residential mortgage banking trends. That is, the assessing of scenes and events by which the relevant banking industry made impactful fluctuation history in the last two decades, its tidal and recessive waves. The teacher shall begin teaching by, first, acquainting the learner with industry-pertinent terminologies, -functions and other vital mortgage industry historical paraphernalia. Followed by walking the learner in and through the rest of the course, progressively.

Learning Objectives

You will learn the historical background of mortgage industry.
You will learn How to Quote an Interest Rate on a Mortgage Loan.
You will learn how to read and interpret Desktop Underwriter & Loan Product Advisor findings.
You will learn what a Desktop Underwriter & Loan Product Advisor recommendation is and what it means.
You will learn and master the DU & LP finding.
You will learn what DU is and why it's so important to loan processors, loan originators, or mortgage underwriters.
You will have an understanding of how an underwriter thinks when reviewing DU & LP messages.
You will learn what conditional loan approval is also important to the underwriting process.
You will be able to close more loans by becoming more knowledgeable on one of the most important decision-making documents.
You will learn who takes care of what conditions so that the loan process flows smoothly.
You will learn how to understand what conditions mean and how to overcome obstacles.
You will learn income calculation and how it is important to the industry.
You will learn the total credit required in qualifying for a mortgage loan.
You will learn different types of loan and how they affect the mortgage industries e.g., FHA loan, Conventional Loan, VA Loan and so on.
You will also learn the type of account to fund closing cost of a mortgage.
You will learn the real estate tax payment that is applicable to mortgage.
You will learn who the interested parties are and their major roles.
You will learn the hand-on with the instructors during the entire course.


12 Lessons5h 21m 10s

First Batch Video

Introduction to Mortgage Underwriten00:9:35
Mortgage Industry And Laws00:09:02
Loan Estimate Requirement00:14:10
Balloon Loan – It’s Related Topic00:14:37
Interested Party Contribution00:17:7
Real Estate Tax Payment00:17:39
Manual Underwriting00:4:37

Second Batch Video

Your Instructors

Necomitt Academy

72 Courses
2 Reviews
37 Students
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