IIRF Online > Business > Real Estate > Mortgage > U.S. Residential Real Estate, Property & Mortgage Business
U.S. Residential Real Estate, Property & Mortgage Business by Udemy
Property & Mortgage Underwriting | Loan Processing | Financial Analysis | Mortgage Operations | Origination
Course Highlights
- 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.
Skills you will learn!
Curriculum
16 Topics
Welcome!
Introduction To This Course
Overview of the U.S. Residential Mortgage Business and Process
Mortgage Basics
Property Types
Mortgage Loan Types
Typical Terms and Conditions
Mortgage Math Overview
Market Size and Scope
Key Players in Primary Mortgage Business
Risks and Rewards Across the Mortgage Life Cycle
Mortgage Life Cycle – Consumer’s Point of View
Mortgage Life Cycle – Lender’s Point of View
Regulatory Oversight and Evolution
Financial Distress and Foreclosure Avoidance
Module quiz
10 Topics
Introduction to U.S. Residential Mortgage Analysis: Bringing It All Together
Financial Credit and Loan Analysis
Income Analysis of Borrower
Understanding Credit History and Reports
Credit Report Analysis
Mortgage Metrics and Decisioning
Appraisal and Asset Valuation
Appraisal Details and Walk-Through of a Typical Residential Appraisal
Title and Title Insurance
Module Quiz
7 Topics
Introduction to Loan Management Servicing and Securitization
Loan Servicing
Securitization Demystified
Securitization for the Issuer and Investor
Life Cycle of Mortgage-Backed Securities (MBS)
Rating Agency Involvement in MBS
Module Quiz
1 Topic
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U.S. Residential Real Estate, Property & Mortgage Business
Related Mortgage Courses
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