Essentials of Mortgage Lending

Course Number: EML1

Course Code: ABA 328

Focused on compliance and highlights industry best practices, this course covers the basics in the life of the mortgage loan process, the production process, as well as insights into secondary marketing, servicing and mortgage fraud. Origination strategies, common loan products and essential considerations when underwriting loan risk are also covered.

Learning Obj​​​ectives
After completing this course, students will be able to:
– Define mortgage lending
– Identify the steps involved in mortgage production
– Describe the mortgage loan origination process
– List common mortgage loan products
– Analyze the underwriting process
– Examine the role of the secondary market
– Recognize servicing functions
– Explain relevant laws impacting mortgage loans
– Summarize the importance of internal controls and identification of red flags to reduce mortgage fraud

Audience: Lending operations staff, including: QC personnel, Loan Originators, Underwriters, Processors

Prerequisites: n/a

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