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    CC_GO_100.1 CMF Fundamentals

    This is a commercial/multifamily course. Servicers play a key role in the commercial/multifamily lending cycle. As liaison between the borrower and lender/investor sides of the real estate finance industry, servicers are required to have an understanding of the key concepts related to commercial...

    Commercial/Multifamily

    CC_GO_100.3 CMF Loan Documentation and Closing

    This is a commercial/multifamily course. The agreements, documents, and promises made and executed at the loan closing flow through to the commercial mortgage loan servicer. Nearly all of the actions to be taken over the life of the loan are governed by the terms memorialized in the documents ex...

    Commercial/Multifamily

    CC_GO_100.2 CMF Origination and Underwriting

    This is a commercial/multifamily course. The commercial/multifamily loan cycle begins when a property owner or prospective borrower approaches a loan originator seeking financing for a new property, or for an existing property. The prospective borrower submits required documentation to the loan ...

    Commercial/Multifamily

    CC_S_200.1 Asset Management in CMF Loan Servicing

    This is a commercial/multifamily course. In the most general of terms, asset management is the professional management of an asset or group of assets to meet specified goals for the benefit of lenders, investors, and borrowers. In the case of commercial/multifamily lending, the assets are commer...

    Commercial/Multifamily

    CC_S_202.1 Benchmarking in CMF Loan Servicing

    This is a commercial/multifamily course. Benchmarking is the process by which servicers measure their operational performance. By measuring their performance against standard benchmarks, servicers are able to determine where they are operationally successful, where there is room for improvement,...

    Commercial/Multifamily

    CC_S_203.3 CMF Agency Servicing Agreements

    This is a commercial/multifamily course. Unlike CMBS pooling and servicing agreements (PSAs), which are specific to each pool of loans, servicing agreements for agency loans are typically a single contract that covers all of the loans or pools of loans serviced for the agency. This is possible b...

    Commercial/Multifamily

    CC_S_200.5 CMF Default Management

    This is a commercial/multifamily course. Servicers must act to identify early warning signs of default. They perform annual inspections and either quarterly or annual reviews of financial reports to try to identify potential problems early in the process. Effective communication with the borrowe...

    Commercial/Multifamily

    CC_S_201.4 CMF Financing Vehicles

    This is a commercial/multifamily course. The commercial/multifamily (CMF) servicer's obligations for a particular loan depend in part on the way in which the loan is financed. The financing vehicle also determines which parties will be involved after the loan closes and their relationships to th...

    Commercial/Multifamily

    CC_S_205.1 CMF Insurance Compliance Fundamentals

    This is a commercial/multifamily course. In the commercial/multifamily mortgage marketplace, insurance coverage is critical to investors to mitigate certain risks that investors assume when investing in commercial/multifamily mortgage loans. Insurance terminology, like mortgage terminology, must...

    Commercial/Multifamily

    CC_S_205.4 CMF Insurance Compliance Review

    This is a commercial/multifamily course. It is the duty of the servicer to ensure that the borrower is in compliance with the various insurance coverage requirements set forth in the loan documents, servicing agreement, or other applicable documents (such as the particular agency guide or, if ap...

    Commercial/Multifamily

    CC_S_206.1 CMF Loan Document Fundamentals

    This is a commercial/multifamily course. Servicers for commercial/multifamily real estate mortgage loans must be able to understand the requirements in the loan documents. There is no substitute for checking the loan documents whenever an issue arises, even if a loan's key terms have been set up...

    Commercial/Multifamily

    CC_S_206.4 CMF Loan File and Supporting Documents

    This is a commercial/multifamily course. Beyond the promissory note and the security instrument, there are several other loan documents that are significant in the documentation of a commercial/multifamily mortgage loan and the secured property. Documents such as loan agreements, modifications, ...

    Commercial/Multifamily

    CC_S_204.2 CMF Loan Surveillance

    This is a commercial/multifamily course. Commercial/multifamily loan surveillance involves the enforcement of loan document terms. In addition to basic loan terms such as outstanding balance, interest rate, amortization, and maturity, the loan documents contain requirements related to tax and in...

    Commercial/Multifamily

    CC_S_204.4 CMF Performance Surveillance

    This is a commercial/multifamily course. Commercial/multifamily performance surveillance involves monitoring the performance of the loan and property using various methods and measures and responding to performance findings as appropriate. The servicer's surveillance responsibilities related to ...

    Commercial/Multifamily

    CC_S_203.2 CMF Pooling and Servicing Agreements

    This is a commercial/multifamily course. Pooling and servicing agreements (PSAs) govern commercial mortgage-backed securities (CMBS) pools of loans and are unique to each deal. The PSA sets forth specific servicing requirements of key loans comprising the deal, consistent with accepted standard ...

    Commercial/Multifamily

    CC_S_203.4 CMF Portfolio Servicing Agreements

    This is a commercial/multifamily course. Compared to agency and CMBS servicing requirements and agreements, which tend to be more standardized across the industries, portfolio lender servicing requirements and agreements may be as unique as the individual lenders. Typically, a portfolio lender d...

    Commercial/Multifamily

    CC_S_204.3 CMF Property Surveillance

    This is a commercial/multifamily course. Servicer surveillance of commercial/multifamily collateral real estate is provided for in the borrower's loan documents and detailed in the servicing agreement. The level of property surveillance may vary based on such characteristics as the property typ...

    Commercial/Multifamily

    CC_S_207.1 CMF Servicing Operations Fundamentals

    This is a commercial/multifamily course. Within every commercial/multifamily servicing organization, there are various operational duties that are essential to the successful management of loan portfolios. These duties involve cash management, processing loan transactions and events on a servici...

    Commercial/Multifamily

    CC_S_201.2 CMF Servicing Relationships

    This is a commercial/multifamily course. Although contracts define the rights and obligations of the various parties in a commercial/multifamily real estate transaction, the relationship among them is extremely complex. Servicers play a central role in the cycle, working with borrowers, lenders,...

    Commercial/Multifamily

    CC_S_201.3 CMF Sources of Funds

    This is a commercial/multifamily course. Mortgage bankers, brokers, and direct lenders have a choice of capital funding sources. These sources compete for business based on price, service, loan terms, and relationship. CMF Sources of Funds examines funding sources in commercial/multifamily real...

    Commercial/Multifamily

    CC_S_204.1 CMF Surveillance Fundamentals

    This is a commercial/multifamily course. Commercial/multifamily surveillance is all about information. Servicers are the borrower and property contact as well as the focal point for gathering the information that is used to monitor loan or pool performance. Loan documents, servicing agreements,...

    Commercial/Multifamily

    CC_S_207.3 CMF Tax and Insurance Escrow Administration

    This is a commercial/multifamily course. The timely and efficient monitoring of tax and insurance escrows by the commercial/multifamily servicer is critical for protecting the lender/investor's security interest in the property. When taxes are not paid on the property, there is a high risk of li...

    Commercial/Multifamily

    CC_S_200.3 Common CMF Borrower Requests

    This is a commercial/multifamily course. One of servicer's primary responsibilities is to handle various requests from the borrower. These requests usually originate from some business need regarding the upkeep or maintenance of the property or are related to various tenant issues. The servicer ...

    Commercial/Multifamily

    CC_S_204.5 Communicating CMF Surveillance Findings

    This is a commercial/multifamily course. The servicer is responsible for reporting commercial/multifamily surveillance findings to investors as set forth in the servicing agreement. The servicer may also be responsible for taking steps to minimize loss when a loan goes into default. This may inv...

    Commercial/Multifamily

    CC_S_207.4 Critical CMF Servicing Operations and Duties

    This is a commercial/multifamily course. Beyond loan boarding, servicing system updates, and tax and insurance escrow administration, there are several other critical duties that are essential to the successful management of a commercial/multifamily servicing operation. Critical CMF Servicing O...

    Commercial/Multifamily

    CC_S_205.3 Essential CMF Insurance Considerations

    This is a commercial/multifamily course. There are many challenges that servicers face when dealing with commercial/multifamily insurance coverage in mitigating the risk of loss to lenders. In some instances the course of action is clear, but in other instances the insurance professionals may di...

    Commercial/Multifamily

    CC_S_202.2 External CMF Benchmarking Requirements

    This is a commercial/multifamily course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Benchmarking CMF Servicer Performance, which is no lon...

    Commercial/Multifamily

    CC_S_201.5 How CMF Servicers Make Money

    This is a commercial/multifamily course. Servicing profitability is a concern to lenders, investors, and servicers alike. Without a strategic plan, servicers would be unable to cover their own costs, invest in technological improvements, or meet their contractual obligations. Servicing income i...

    Commercial/Multifamily

    CC_S_202.3 Internal CMF Benchmarking Requirements

    This is a commercial/multifamily course. The benchmarking process involves the development of internal requirements which serve as standards, as well as testing for compliance with those standards. Internal CMF Benchmarking Requirements looks at some of the critical factors that influence the s...

    Commercial/Multifamily

    CC_S_202.4 Measuring Performance of CMF Loans

    This is a commercial/multifamily course. Once servicers identify external requirements and develop internal processes, they are able to assess their performance by measuring compliance against these requirements and processes. Measuring Performance of CMF Loans addresses the monitoring and meas...

    Commercial/Multifamily

    CC_S_200.2 Monitoring CMF Property Operations

    This is a commercial/multifamily course. Property surveillance is a preemptive effort used in protecting the value of the loan collateral and the return for the investor. Most property surveillance efforts are the responsibility of the servicer's asset management team. This course examines prop...

    Commercial/Multifamily

    CC_S_202.5 Risks and Consequences of CMF Loans

    This is a commercial/multifamily course. Risks and Consequences of CMF Loans explores the possible consequences of a servicer's non-compliance with loan documents, servicing agreements, policies and procedures, and more. It begins with a look at the most common pitfalls that may result in non-co...

    Commercial/Multifamily

    CC_S_206.3 Security Instruments in CMF Lending

    This is a commercial/multifamily course. While the promissory note sets forth repayment terms, the security instrument sets forth most other loan terms, conditions, restrictions, and covenants for a commercial/multifamily loan and property. Servicers must understand the terms described in the se...

    Commercial/Multifamily

    CC_S_200.4 Special CMF Borrower Requests

    This is a commercial/multifamily course. The servicer may receive specialized borrower requests that require an in-depth understanding of current market conditions and the implications of approving the requests to the mortgage and to the lender. The borrower may request certain changes to the or...

    Commercial/Multifamily

    CC_S_207.2 System Processing in CMF Servicing

    This is a commercial/multifamily course. Within every commercial/multifamily servicing organization, there are various operational duties that are essential to the successful management of loan portfolios. Servicing operations utilize servicing systems and other ancillary systems to board loans,...

    Commercial/Multifamily

    CC_S_206.2 The CMF Promissory Note

    This is a commercial/multifamily course. The promissory note is the loan document that contains the borrower's acknowledgement of the debt and agreement to repay in accordance with documented requirements. Although the basic information contained within the promissory note may be set up in the s...

    Commercial/Multifamily

    CC_S_205.2 Types of CMF Insurance

    This is a commercial/multifamily course. A borrower's company, organization, partnership, etc., can be very successful and structured in a way that makes the borrower suitable for a commercial/multifamily mortgage deal. However, without the proper insurance coverage, unforeseen losses can seriou...

    Commercial/Multifamily

    RC_GO_F_200.4 Mortgage Loan Fraud Best Practices & Resources

    This is a single-family/residential course. In order to effectively deter, uncover, and minimize losses associated with mortgage fraud, lenders should have a comprehensive fraud detection and deterrence plan in place that covers all aspects of the production cycle (origination, processing, under...

    Residential

    RC_GO_F_200.2 Mortgage Loan Fraud for Profit

    This is a single-family/residential course. Fraud for profit schemes have become quite complex. Fraud perpetrators have developed expertise in taking a variation from one type of scheme and adding it to another. Mortgage Loan Fraud for Profit provides an overview of the most prevalent types o...

    Residential

    RC_GO_F_200.1 Mortgage Loan Fraud Overview & Current Trends

    This is a single-family/residential course. Mortgage fraud is defined by the industry as "The intentional misstatement, misrepresentation, or omission by an applicant or other interested party of information that is relied on by a lender or underwriter in approving or purchasing a mortgage loan...

    Residential

    RC_GO_F_200.3 Mortgage Loan-Level Misrepresentation

    This is a single-family/residential course. Whether a loan applicant decides to commit fraud for property or for profit, the majority of misrepresentations can be tracked back to documentation found in the individual loan file. Misrepresentations may include fabricated or altered employment, in...

    Residential

    RC_GO_100.3 Funding, Warehousing, Shipping, and QC Basics

    This is a single-family/residential course. The Funding, Warehousing, Shipping, and QC Basics course examines the funding, warehousing, shipping and delivery, and quality control processes in mortgage lending. It begins by describing the various financing methods available, sources of the funds ...

    Residential

    RC_GO_100.1 Introduction to Mortgage Banking

    This is a single-family/residential course. Generally speaking, Americans cannot afford to pay cash to purchase a new home. To facilitate homeownership and its associated economic and societal benefits, long-term mortgage loans were created. A mortgage is security interest in a property; it is g...

    Residential

    RC_GO_100.5 Loan Administration Basics

    This is a single-family/residential course. Mortgage bankers generate substantial income by servicing loans on behalf of investors. In this course, we will learn about the various functions of servicing and how loan servicing can be a valuable revenue-generating asset. We will also learn about t...

    Residential

    RC_GO_100.2 Loan Production Basics

    This is a single-family/residential course. Loan Production Basics presents an overview of the loan production process. It begins with a review of the three main goals of loan production: creating investor acceptable loans, protecting the consumer, and ensuring compliance. After taking a broad ...

    Residential

    RC_GO_100.4 Secondary Marketing Basics

    This is a single-family/residential course. In the primary mortgage market, interactions are between the lender and the borrower. Conversely, in the secondary market, the interaction is between the lender and the investor that buys loans and servicing rights from the lender. The secondary marke...

    Residential

    RC_LA_CM_201.3 Cash Processing

    This is a single-family/residential course. Every month the servicer receives mortgage payments that are calculated based on the terms in the mortgage note. The payments may be tendered electronically or in the form of paper checks. The funds provided by a mortgagor's payment are then posted to ...

    Residential

    RC_LA_CM_200.3 Electronic Payments

    This is a single-family/residential course. One of the most widely automated activities in mortgage payment processing is electronic payment drafting, in which a mortgagor allows a servicer to draft his or her monthly payment from a checking/savings account. The use of automated payment drafting...

    Residential

    RC_LA_CM_200.2 Exceptions Processing

    This is a single-family/residential course. In an ideal mortgage payment situation, funds from a payment are applied directly to the different payment elements such as the principal, interest, escrow, and insurance accounts, and the whole process is very routine. Often, however, there are additi...

    Residential

    RC_LA_CM_201.2 Payment Automation

    This is a single-family/residential course. In the past, making and posting monthly mortgage loan payments was a time-consuming process. Each month the borrower had to remember to write a check, put it in a special envelope, add a postage stamp, and mail the envelope in time to meet the all-impo...

    Residential

    RC_LA_CM_201.1 Types of Cash Movement

    This is a single-family/residential course. The intake of mortgage loan payments by the servicer marks the beginning of the cashiering department's role in mortgage servicing. The cash received must be divided and applied to the proper accounts in a timely manner. The how, when, and where of cas...

    Residential

    RC_LA_CR_300.3 Accounting for CSRs

    This is a single-family/residential course. Borrowers often call with a question about their payments, fees, or late charges. Many times these questions arise after they receive their year-end and Form 1098 statements. To answer these questions, you may need information about the following: the...

    Residential

    RC_LA_CR_300.1 Customer Service Basics

    This is a single-family/residential course. Customer Service Basics describes the important role you play within your company. It also outlines the methods servicers use to interact with their customers. Topics: Quality Customer Service Characteristics of Successful CSRs Common Communication Me...

    Residential

    RC_LA_CR_300.4 Escrow Operations for CSRs

    This is a single-family/residential course. Mortgages are generally for terms of 15 to 30 years in length. They are amortized through monthly payments of principal and interest. Often included in the mortgage payment are escrow fees. The monthly collection of amounts for taxes, insurance, and o...

    Residential

    RC_LA_CR_300.2 Laws and Regulations for CSRs

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Loan Administration Essentials for Customer Service...

    Residential

    RC_LA_CR_200.2 Loan Administration Concepts for CSRs

    This is a single-family/residential course. Loan administration is a large, complex array of functions that comprises one of the three primary disciplines necessary to the business of mortgage banking: loan production, secondary marketing, and loan administration. Together, loan production and s...

    Residential

    RC_LA_CR_200.1 Mortgage Banking Concepts for CSRs

    This is a single-family/residential course. The loan administration function begins immediately after a mortgage loan has been closed. Loan administration processes are a vital part of any mortgage banking company, since a large part of a company's net income is derived from the loan administrat...

    Residential

    RC_LA_CR_300.5 Servicing Transfers for CSRs

    This is a single-family/residential course. The rights to servicing loans are often transferred from one mortgage banking company to another. Servicing Transfers for CSRs reviews the servicing transfer process and examines some of the major problems that must be avoided. You will learn why servi...

    Residential

    RC_LA_DA_302.1 Bankruptcy Basics

    This is a single-family/residential course. Individuals or businesses that are financially unable to repay accumulated debt may seek to obtain a reasonable resolution through the bankruptcy process. Bankruptcy is a legal process that provides a possible release from specific financial obligatio...

    Residential

    RC_LA_DA_300.2 Collection Tools for Loan Counselors

    This is a single-family/residential course. Proactive outreach by loan servicers can help reduce the number of delinquent loans and ensure successful loan performance. There are a variety of cost-effective collection tools available to loan servicers, each with pros and cons. Collections loan ...

    Residential

    RC_LA_DA_303.3 Conventional Loan Recovery: Claims

    This is a single-family/residential course. The best outcome of a foreclosure for a servicer is a third-party purchasing the property at the foreclosure sale. This eliminates or reduces losses by the investor and the servicer. At times, however, the sale of the property does not cover the costs ...

    Residential

    RC_LA_DA_303.4 Conventional Loan Recovery: Corporate Advance

    This is a single-family/residential course. Servicers incur significant expenses during the course of handling a foreclosure, including legal fees, appraisal fees, taxes, maintenance costs, and even advertising costs. These expenses add up quickly. In most instances, a portion of these foreclosu...

    Residential

    RC_LA_DA_303.1 Conventional Loan Recovery: Essentials

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Conventional Loan Recovery, which is no longer avai...

    Residential

    RC_LA_DA_303.2 Conventional Loan Recovery: Foreclosure

    This is a single-family/residential course. For a homeowner with a mortgage, foreclosure can be a terrifying situation, like racing downhill on a runaway train, rushing through default and foreclosure and ending up with total loss of the property. There are many situations that can lead to for...

    Residential

    RC_LA_DA_200.2 Default Administration Functional Areas

    This is a single-family/residential course. Unfortunately, some borrowers will experience difficulty meeting their payment obligations. In extreme instances, this may lead to a foreclosure, which generally results in a loss for all parties: borrower, lender/investor, and servicer. Default and fo...

    Residential

    RC_LA_DA_301.5 GSE and Agency Loss Mitigation Options

    This is a single-family/residential course. Fannie Mae, Freddie Mac, the Federal Housing Administration (FHA) under the authority of The Department of Housing and Urban Development (HUD), the Veterans Administration (VA), and the United States Department of Agriculture (RD) are the key players i...

    Residential

    RC_LA_DA_205.1 Introduction to REO

    This is a single-family/residential course. Before a property becomes real estate owned (REO), there are a number of potential loss mitigation solutions that should be explored to assist a distressed homeowner to retain ownership while minimizing loss for the mortgage servicer and investor. Unfo...

    Residential

    RC_LA_DA_301.1 Loss Mitigation Concepts

    This is a single-family/residential course. The verb "to mitigate" means to cause something to become less harsh, hostile, severe, or painful. Loss mitigation in mortgage lending involves activities that reduce or eliminate credit losses (pain) to lenders, servicers, investors, and borrowers. In...

    Residential

    RC_LA_DA_301.3 Loss Mitigation Options

    This is a single-family/residential course. Loss Mitigation Options examines the basic types of retention and disposition loss mitigation options. We begin the course with an overview of these options and the factors that determine whether a retention or disposition option is the better choice f...

    Residential

    RC_LA_DA_301.2 Loss Mitigation Processes

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Our new module library contain excerpts taken from more in-depth courses. This module is a...

    Residential

    RC_LA_DA_300.1 Managing Delinquency for Loan Counselors

    This is a single-family/residential course. Managing Delinquency for Loan Counselors introduces the role of the collections loan counselor. It provides the foundational knowledge and context necessary to understand the specifics of the collection loan counselor's responsibilities. The course ...

    Residential

    RC_LA_DA_301.4 Math for Loss Mitigation

    This is a single-family/residential course. Many of the loan counselor's decisions are based on financial calculations. These calculations answer questions about the borrower's ability to continue making monthly payments, while providing direction as to the most appropriate solution. Although te...

    Residential

    RC_LA_DA_300.4 Meeting Collection Goals for Loan Counselors

    This is a single-family/residential course. Meeting Collection Goals for Loan Counselors addresses how to meet collections goals by determining the cause of delinquent payments and obtaining realistic promises to pay. The course provides an overview of common reasons for delinquency and explor...

    Residential

    RC_LA_DA_302.2 Processing the Bankruptcy Loan

    This is a single-family/residential course. Bankruptcy cases generally last between three months and five years. Accurate and timely management of bankruptcy cases during this time is critical to the mortgage servicer. Missed filing dates or incorrect reporting can result in lost time and reven...

    Residential

    RC_LA_DA_304.2 REO Acquisition and Boarding

    This is a single-family/residential course. REO management, as a servicing function, begins with the acquisition and boarding of REO assets. The sourcing and acquisition of REO assets is typically handled by a separate department or team of people who will subsequently communicate with the board...

    Residential

    RC_LA_DA_304.4 REO Marketing and Sale

    This is a single-family/residential course. REO Marketing and Sale explores the marketing and sale phase of an REO property. It addresses the key components of an offer and their overall effect on the sale of REO properties. Some of the most important components in the closing process are also c...

    Residential

    RC_LA_DA_304.3 REO Pre-Marketing

    This is a single-family/residential course. Assessing a property’s value is a critical task, as all future strategy decisions will be driven by the current value of the asset. For this purpose, REO managers rely on the two professionals best suited to evaluate a new property: the appraiser and t...

    Residential

    RC_LA_DA_300.3 Telephone Skills for Loan Counselors

    This is a single-family/residential course. A loan counselor must possess strong communication skills in order to handle the sensitive and sometimes tense conversations that are encountered each day. Most of the communication with the borrower is done by telephone. Communicating on the telephone...

    Residential

    RC_LA_DA_200.1 Working in Default Administration

    This is a single-family/residential module. Working in Default Administration provides a high-level overview of concepts related to working in the default administration group within a typical mortgage servicing operation. It begins by describing the role of servicing within the lending process ...

    Residential

    RC_LA_EA_300.1 Escrow Analysis

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Escrow Essentials, which is no longer available for...

    Residential

    RC_LA_EA_300.5 Escrow for New and Transferred Loans

    This is a single-family/residential course. Escrow for New and Transferred Loans looks at escrow concerns when new loans are acquired or when loans are transferred. We will note the importance of establishing the correct monthly payment and initial deposit and how this is done. Next we'll ex...

    Residential

    RC_LA_EA_300.3 Escrowing Mortgage Insurance

    This is a single-family/residential course. The three major components of most escrow accounts are property insurance, mortgage insurance, and real estate taxes. In this course, we will look at various types of mortgage insurance which protect mortgage lenders against loss in the event of defa...

    Residential

    RC_LA_EA_300.2 Escrowing Property and Flood Insurance

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Escrow Essentials, which is no longer available for...

    Residential

    RC_LA_EA_300.4 Escrowing Real Estate Taxes

    This is a single-family/residential course. Escrowing Real Estate Taxes discusses real estate taxes and examine why and how they are administered through escrow accounts. We explore the risks associated with unpaid tax bills: the property can be sold at a tax sale and the lender can lose the s...

    Residential

    RC_LA_EA_200.1 Escrow in Loan Administration

    This is a single-family/residential course. Escrow in Loan Administration describes the escrow administration function within the loan administration. We'll begin with a look at the three major components of the lending cycle: loan production, secondary marketing, and loan administration. Loan ...

    Residential

    RC_LA_EA_301.6 Insurance Documents

    This is a single-family/residential course. Insurance providers issue documents related to each policy on a frequent basis, as well as documentation summarizing each transaction related to insuring a property. Associates within the insurance servicing team must become familiar with the various f...

    Residential

    RC_LA_EA_301.5 Insurance Policies and Coverage

    This is a single-family/residential course. Insurance Policies and Coverage provides an overview of the various insurance policies that may be issued to provide insurance for properties. It explores the different types of coverages, costs, and application of the different policies, including the...

    Residential

    RC_LA_EA_301.1 Insurance Servicing Foundations

    This is a single-family/residential course. Insurance Servicing Foundations presents the fundamentals of insurance servicing. It begins by providing context for the discussion of insurance in loan servicing. It defines insurance and explores the history of insurance. It then describes insurance ...

    Residential

    RC_LA_EA_301.4 Processing Insurance Claims

    This is a single-family/residential course. Processing Insurance Claims describes what happens in the event of damage or destruction to an insured property and compares the obligations of the borrower, the servicer, and the insurance company in handling a loss. Next, it presents the different ty...

    Residential

    RC_LA_EA_301.2 Property Insurance Requirements

    This is a single-family/residential course. Property Insurance Requirements examines the general requirements for various types of property insurance, including the obligations of the borrower and lender. The course distinguishes between a deed of trust and a mortgage and describes how those dif...

    Residential

    RC_LA_EA_200.2 The Escrow Department

    This is a single-family/residential course. The Escrow Department course examines the roles and responsibilities of the escrow department. We'll begin the course by noting that the obligations of the lender and borrower regarding escrow are defined in the security instrument and the note. We'll...

    Residential

    RC_LA_EA_301.3 The Insurance Department

    This is a single-family/residential course. The Insurance Department describes some of the keys to successful insurance servicing. It also examines the specific tasks performed by the insurance department. It then looks at the events that trigger exceptions in the process and explores the action...

    Residential

    RC_LA_FM_301.1 Bank Reconciliation Concepts

    This is a single-family/residential course. Bank reconciliation is an essential step in confirming the accuracy of financial data among the various parties. A successful reconciliation ensures that the servicer's financial records correspond with the investor's records and the bank's records. B...

    Residential

    RC_LA_FM_200.1 Financial Categories for Loan Administration

    This is a single-family/residential course. The role of the corporate accounting department is to provide an accurate description of a company's financial activities. Using financial statements (i.e., the balance sheet and income statement), the corporate accounting department paints a financia...

    Residential

    RC_LA_FM_300.1 Financial Statement Analysis

    This is a single-family/residential course. Financial Statement Analysis introduces the financial reconciliation and analysis of the balance sheet and the income statement. It begins by examining the reconciliation of various asset accounts: the principal balance account, accrued interest receiv...

    Residential

    RC_LA_FM_200.2 Government Financial Agencies

    This is a single-family/residential course. The corporate accounting department is responsible for ensuring that the company's financial activities are accurately reported in accordance with company and governmental agency guidelines. Government Financial Agencies reviews the various government...

    Residential

    RC_LA_FM_301.2 Investor Requirements in Bank Reconciliation

    This is a single-family/residential course. Large agency investors — Fannie Mae, Freddie Mac, and Ginnie Mae — each have unique requirements for reconciling custodial accounts. Investor Requirements in Bank Reconciliation examines the special requirements and considerations for reconciling a...

    Residential

    RC_LA_FM_300.2 Mortgage Servicing Portfolio Valuation

    This is a single-family/residential course. Mortgage Servicing Portfolio Valuation provides a high-level overview of the process of mortgage servicing portfolio valuation. It begins with a look at how various loan characteristics affect the servicing value of a portfolio. Next, it discusses the ...

    Residential

    RC_LA_IR_200.1 Investor Reporting Concepts

    This is a single-family/residential course. Servicing a mortgage loan involves many functional areas, one of which is investor reporting. Investor Reporting Concepts begins with an introduction to investor reporting-related terms and the variety of investor-related activities that mortgage loa...

    Residential

    RC_LA_IR_200.2 Investor Reporting Requirements

    This is a single-family/residential course. Investor Reporting Requirements outlines reporting requirements of various investors, including Fannie Mae, Freddie Mac, Ginnie Mae, and others. Each investor has different guidelines that must be followed and failure to follow investor guidelines cou...

    Residential

    RC_LA_IR_300.2 Investor Reporting Requirements: Fannie Mae

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Essentials of Investor Reporting, which is no longe...

    Residential

    RC_LA_IR_300.1 Investor Reporting Requirements: Freddie Mac

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Essentials of Investor Reporting, which is no longe...

    Residential

    RC_LA_IR_300.3 Investor Reporting Requirements: Ginnie Mae

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Essentials of Investor Reporting, which is no longe...

    Residential

    RC_LA_IR_300.4 Private Investor Reporting Requirements

    This is a single-family/residential course. The focus of Private Investor Reporting Requirements is on the private investor reporting and remitting guidelines. We will introduce you to new terms and specific data requirements for successful private investor reporting, which will include remittin...

    Residential

    RC_LA_100.2 Loan Administration Concepts

    This is a single-family/residential course. Loan administration is a critical component of the lending cycle since it contributes so heavily to the overall profitability of mortgage banking. This course takes a look at the critical concepts related to loan administration. Loan Administration Co...

    Residential

    RC_LA_100.4 Loan Administration Functions

    This is a single-family/residential module. Loan administration is made up of an array of different functions, divided into similar work categories, yet overlapping and reliant on one another. There are different names given to these functions, as well as different organization structures linki...

    Residential

    RC_LA_100.3 Loan File Documents

    This is a single-family/residential module. The process of real estate lending results in collecting a number of documents used to create a mortgage loan. Most of these documents are associated with the origination and underwriting functions and are dictated by the standard processes imposed by ...

    Residential

    RC_LA_PLA_200.2 Lien Release Concepts

    This is a single-family/residential course. When a residential mortgage loan is granted, the property is pledged as security for the debt. This is done by publicly recording a lien on the property at the county recorder's office which a public record of the debt. When that lien is paid off, it ...

    Residential

    RC_LA_PLA_200.3 Mortgage Assumption Concepts

    This is a single-family/residential course. Mortgage Assumption Concepts focuses on defining assumptions, the advantages of assumptions, and the documentation necessary to complete an assumption. It will also explain the approval and closing process for an assumption loan. It begins with a lo...

    Residential

    RC_LA_PLA_200.1 Mortgage Payoff Concepts

    This is a single-family/residential course. Mortgage Payoff Concepts details the steps involved in the mortgage payoff process. It begins with an overview of the payoff process including the terms of the mortgage, the overall payoff process, and the Uniform Residential Mortgage Satisfaction Act...

    Residential

    RC_LA_100.1 Servicing in the Mortgage Lending Process

    This is a single-family/residential course. Servicing in the Mortgage Lending Process begins with an overview of the functions and players in mortgage lending, examining the role of servicing within the overall lending process. Next, it examines participants in the mortgage lending industry, loo...

    Residential

    RC_LA_SS_200.1 Introduction to Equity Products

    This is a single-family/residential course. Thanks to home equity loans and home equity lines of credit, many Americans have been able to unlock the wealth stored in their homes. The growth in popularity of these home equity products has brought about great changes for borrowers and servicers al...

    Residential

    RC_LA_SS_200.2 Servicing Implications of Equity Products

    This is a single-family/residential course. The servicing of home equity products experienced exceptional growth from 2000 to 2008. Production slowed dramatically in the wake of the financial crisis and is only now starting to recover. Many new regulations limit production in home equity loans a...

    Residential

    RC_LA_SS_300.1 Special Loan Basics

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Special Loan Administration I, which is no longer a...

    Residential

    RC_LA_SS_301.1 Special Loan Features

    This is a single-family/residential course. Special loan features offer prospective borrowers creative financing tools to modify various loan products. Special loan features include items such as different rate options and interest-only payment options. The terms of these loans are generally mor...

    Residential

    RC_LA_SS_301.2 Special Loan Market

    This is a single-family/residential course. Special loan products offer alternatives to the traditional fixed-rate and adjustable-rate loans. Financial entities offer combination or hybrid loan products in order to stay competitive in the market. To accomplish this, lenders often create new loa...

    Residential

    RC_LA_SS_300.2 Special Loan Products

    This is a single-family/residential course. Homebuyers come to the mortgage market with many different financial circumstances and goals. Often a fixed-rate conventional loan is not the best choice for a specific situation. To meet the needs of as many potential mortgagors as possible, mortgage ...

    Residential

    RC_LA_ST_300.2 Investor Requirements for Servicing Transfers

    This is a single-family/residential course. An investor is any person or institution that invests in mortgages or mortgage-backed securities. It should be standard procedure for all servicers, both buyers and sellers, to obtain and follow the investor's guidelines for each transfer. Timelines, f...

    Residential

    RC_LA_ST_200.1 Servicing Transfers Concepts

    This is a single-family/residential course. Servicing, also known as loan administration, is the performance of the administrative duties associated with a loan from the time it closes until it is paid off. The right to service a loan is an important source of income for most mortgage lenders. ...

    Residential

    RC_LA_ST_300.1 Servicing Transfers Process

    This is a single-family/residential course. Servicing transfers affect both the buyer and the seller. The seller is responsible for producing several notifications, preparing files for transfer to the buyer, and completing escrow-related functions. The buyer forms an acquisition team and may add...

    Residential

    RC_LP_O_200.3 Generating Purchase Business for MLOs

    This is a single-family/residential course. Generating Purchase Business for Mortgage Loan Originators (MLOs) provides mortgage loan originators with marketing strategies used to stimulate purchase money business. This course provides training on the various avenues for creating referrals and p...

    Residential

    RC_LP_P_200.5 File Review and Submission

    This is a single-family/residential course. Simply stated, loan processing is the gathering of documents that verify information provided on the loan application. This verified information allows the underwriter or automated underwriting system (AUS) to perform an accurate risk assessment. The s...

    Residential

    RC_LP_P_200.1 Processing Fundamentals

    This is a single-family/residential course. The loan production process begins when a prospective borrower completes a loan application. Once the application is complete, it is passed to the loan processor, whose job it is to verify the information on the application and gather the necessary doc...

    Residential

    RC_LP_P_200.4 Property Appraisal for Processors

    This is a single-family/residential course. The purpose of the appraisal is to establish the current market value of the property and to determine if it is adequate collateral for the loan amount being requested. For this reason, the appraisal is perhaps the most important document in the loan p...

    Residential

    RC_LP_P_200.2 The Loan Application for Processors

    This is a single-family/residential course. One of the processor's key functions is to ensure that the loan application is complete and accurate. The loan application is the foundation both for documenting the loan file and for assessing the ability of the borrower to qualify for the proposed mo...

    Residential

    RC_LP_P_200.3 Verification and Supporting Documentation

    This is a single-family/residential course. Once the processor reviews the initial application and findings report, the process of verifying the information on the loan application begins. Verification is an important part of the loan application process. One of its purposes is to ensure that t...

    Residential

    RC_LP_U_308.4 Acquisition Costs for Construction/Perm Loans

    This is a single-family/residential course. In Acquisition Costs for Construction/Perm Loans, we examine the process of calculating total acquisition costs on a construction loan and review Fannie Mae and Freddie Mac documentation criteria for allowable expenses. Topics: Qualifying Acquisition ...

    Residential

    RC_LP_U_301.1 Analyzing the Appraisal

    This is a single-family/residential course. Appraisals are integral to the lending process because they ensure that the collateral pledged as security for the loan is adequate to the value of the loan. They ensure the collateral really does secure the mortgage obligation. Since inflated appraisa...

    Residential

    RC_LP_U_307.3 Appraisal Issues: Beyond the Basics

    This is a single-family/residential course. Evaluating collateral is an important part of an underwriter's task of examining overall risk assessment. To this end, underwriters must be able to evaluate different types of properties and appraisals. The mortgage application may indicate the collat...

    Residential

    RC_LP_U_200.4 Asset Review in Residential Underwriting

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Residential Underwriting Basics, which is no longer...

    Residential

    RC_LP_U_306.1 Business Structures for Self-Empl. Borrowers

    This is a single-family/residential course. Various sources indicate that the number of self-employed workers is increasing. Understanding the different business classifications and methods used to report income is key to deriving a stable monthly income figure for self-employed customers that ...

    Residential

    RC_LP_U_200.5 Collateral Review in Residential Underwriting

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Residential Underwriting Basics, which is no longer...

    Residential

    RC_LP_U_200.3 Credit Review in Residential Underwriting

    This is a single-family/residential course. In addition to making certain that the credit score fits the product eligibility parameters, an underwriter needs to perform a thorough analysis of the credit report. Credit Review in Residential Underwriting walks through the steps of analyzing the...

    Residential

    RC_LP_U_302.2 Credit Scoring Basics

    This is a single-family/residential course. Credit Scoring Basics covers fundamental concepts of the credit scores that are used in mortgage lending. First it will look at credit scores themselves, exploring how credit scoring models are developed and how individual credit scores are generated....

    Residential

    RC_LP_U_303.1 Defining Automated Underwriting Systems

    This is a single-family/residential course. Defining Automated Underwriting Systems provides a high-level overview of automated underwriting and an introduction to the two primary automated underwriting systems in use today: Fannie Mae's Desktop Underwriter® (DU®) and Freddie Mac's Loan Product ...

    Residential

    RC_LP_U_200.1 Eligibility in Residential Underwriting

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Residential Underwriting Basics, which is no longer...

    Residential

    RC_LP_U_306.4 Evaluating Corporations

    This is a single-family/residential course. Evaluating Corporations addresses the evaluation of tax returns for corporations and S corporations. Businesses can incorporate as either a C corporation or as an S corporation. An S corporation is generally a smaller corporation. A C corporation is ...

    Residential

    RC_LP_U_303.2 Evaluating Loans with Desktop Underwriter

    This is a single-family/residential course. Desktop Underwriter® (DU®) is an automated underwriting system developed by Fannie Mae to help mortgage lenders make informed credit decisions on conventional and government loans. Fannie Mae's Desktop Underwriter is detailed in this course. The scope...

    Residential

    RC_LP_U_303.3 Evaluating Loans with Loan Product Advisor

    This is a single-family/residential course. MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Our new module library contain excerpts taken from more in-depth courses. This module is a...

    Residential

    RC_LP_U_306.3 Evaluating Partnerships

    This is a single-family/residential module. This module addresses the evaluation of business tax returns for partnerships. It begins with a review of characteristics of partnerships. Next it looks at partnership documentation requirements for Fannie Mae and Freddie Mac. Toward the end of the mo...

    Residential

    RC_LP_U_306.2 Evaluating Sole Proprietorships

    This is a single-family/residential module. Creating a sole proprietorship is the easiest and least costly way of starting a business. To be a sole proprietor, an individual does not have to take any formal steps; he or she simply needs to conduct business. A sole proprietorship is an individu...

    Residential

    RC_LP_U_308.2 Fannie Mae Construction/Perm Guidelines

    This is a single-family/residential course. Fannie Mae Construction/Perm Guidelines examines Fannie Mae's guidelines for underwriting construction-to-permanent loans. The module begins with a discussion of transaction types, including the criteria for determining whether the transaction is cons...

    Residential

    RC_LP_U_309.2 Fannie Mae Guidelines for Manufactured Homes

    This is a single-family/residential course. Fannie Mae has sought to improve the opportunity for qualified buyers to obtain loans secured by manufactured homes. Fannie Mae has worked with industry partners to transform manufactured housing and ensure owners of manufactured homes enjoy benefits s...

    Residential

    RC_LP_U_304.2 Fannie Mae Manually Underwritten Loans

    This is a single-family/residential couse. The manual underwriting process involves detailed analysis and documentation of various components within the loan application according to standard guidelines published in the Fannie Mae Selling Guide. For loans that require a manual underwrite, each o...

    Residential

    RC_LP_U_200.6 Final Review in Residential Underwriting

    This is a single-family/residential course. The underwriting function encompasses the final review of the loan for eligibility and approval. After working through the individual components of a file (eligibility, income, credit, assets, and collateral), the underwriter should evaluate how all th...

    Residential

    RC_LP_U_308.3 Freddie Mac Construction/Perm Guidelines

    This is a single-family/residential course. Freddie Mac Construction/Perm Guidelines examines Freddie Mac construction-to-permanent guidelines, including the criteria for determining whether the transaction is considered by Freddie Mac to be a construction conversion or renovation mortgage and r...

    Residential

    RC_LP_U_309.3 Freddie Mac Guidelines for Manufactured Homes

    This is a single-family/residential course. The underwriting requirements addressed in Freddie Mac Guidelines for Manufactured Homes have been designed to assist lenders in originating and closing loans to qualified borrowers who are able to repay the mortgage and maintain an acceptable credit r...

    Residential

    RC_LP_U_304.3 Freddie Mac Manually Underwritten Loans

    This is a single-family/residential course. Freddie Mac Manually Underwritten Loans presents underwriting requirements and risk evaluation principles for manually underwritten mortgages that will be sold to Freddie Mac. Participants will examine standard Freddie Mac guidelines for manually unde...

    Residential

    RC_LP_U_305.2 Income and Loss on Tax Returns

    This is a single-family/residential course. When a taxpayer files yearly income tax returns, income and losses are reported on a variety of different forms. Form 1040, U.S. Individual Income Tax Return is a summary of those forms and offers an underwriter a starting point to perform a self-emplo...

    Residential

    RC_LP_U_200.2 Income Review in Residential Underwriting

    This is a single-family/residential course. A borrower's capacity to repay a mortgage loan is primarily measured by the applicant's employment and income stability. Proper calculation of qualifying income is key to arriving at an accurate set of housing ratios. Therefore, it is critical that an ...

    Residential

    RC_LP_U_309.1 Introduction to Manufactured Housing

    This is a single-family/residential course. A manufactured home is one that is factory-built. Manufactured housing plays an important role in the US housing market. Today's manufactured housing industry includes mid-range and high-cost homes, in addition to lower-cost alternatives. Often, manuf...

    Residential

    RC_LP_U_302.1 Origin of Credit Scores in Lending

    This is a single-family/residential course. A credit score is a statistical summary of a consumer's credit information at a specific point in time. Lenders benefit greatly from credit scores because of their ability to predict credit risk fairly and accurately. The credit score is a valuable too...

    Residential

    RC_LP_U_301.2 Property Valuation and Reporting Using DU

    This is a single-family/residential course. Property Valuation and Reporting Using Desktop Underwriter® covers the streamlined property valuation and reporting processes available in Fannie Mae’s automated Desktop Underwriter® (DU®) system. DU allows lenders to take advantage of property valuati...

    Residential

    RC_LP_U_301.3 Property Valuation and Reporting Using LPA

    This is a single-family/residential course. Property Valuation and Reporting Using Loan Product Advisor® covers the collateral evaluation processes available for loan applications entered into Freddie Mac's Loan Product Advisor® automated underwriting system (AUS). Depending on the risk classifi...

    Residential

    RC_LP_U_305.4 Supplemental Income and Loss on Tax Returns

    This is a single-family/residential course. Supplemental Income and Loss on Tax Returns includes information on analyzing tax returns with regard to rental income. Schedule E - Supplemental Income and Loss contains financial information about income and loss from rental real estate, royalties, ...

    Residential

    RC_LP_U_305.3 Supporting Income and Loss on Tax Returns

    This is a single-family/residential course. Schedule D summarizes gains and losses that arise from the sale of stock, real estate, or business assets. Typically, this type of income is not regular and recurring, but there are instances where this schedule and two additional supporting forms (For...

    Residential

    RC_LP_U_305.1 Tax Return Basics

    This is a single-family/residential module. Reviewing a borrower's personal tax return can be a daunting task. Forms and schedules abound, each one connected to the other, with numbers that are counted as income, losses, exemptions, and deductions. It is easy to become overwhelmed! In Tax Retu...

    Residential

    RC_LP_U_308.1 The Construction Process at a Glance

    This is a single-family/residential course. Construction-to-permanent loans are mortgage loans used to finance both the building and the purchasing of a new home. This type of financing has specific guidelines pertaining to loan approval, loan amounts, disbursement to the builder, and inspection...

    Residential

    RC_LP_U_311.1 Underwriting Affordable Solutions

    This is a single-family/residential course. Owning a home means so much more than the purchase of a structure. In addition to the tax and financial benefits, there is a vast amount of data highlighting the many positive social aspects as well. A Harvard University study titled "The State of the ...

    Residential

    RC_LP_U_307.2 Underwriting Freddie Mac A-Minus Loans

    This is a single-family/residential course. Mortgage loan products are segmented in different ways: By loan size: Conforming and non-conforming. By government backing: FHA, VA, and USDA/Rural Housing. By government backing: FHA, VA, and USDA/Rural Housing. Interest rates, fees, and prepayment ...

    Residential

    RC_LP_U_307.1 Underwriting Jumbo Loans

    This is a single-family/residential course. Jumbo mortgage loans provide customers a financing opportunity to purchase or refinance a home when the first mortgage loan amount exceeds conforming loan limits. Industry statistics report an increase in jumbo loans in recent years. This increase is d...

    Residential

    RC_LP_U_304.1 Underwriting Methodology

    This is a single-family/residential course. Fannie Mae and Freddie Mac provide guidance about how various loans must be underwritten - whether they must be run through the agency's automated underwriting system (AUS) or underwritten manually. This course reviews agency guidelines for which loans...

    Residential

    RC_LP_U_310.3 Underwriting Properties w Environmental Issues

    This is a single-family/residential course. Underwriting Properties with Environmental Issues looks at the many factors that can affect a property’s value, the marketability of the loan, and the borrower's likelihood to default. Issues of health and safety can be particularly detrimental since t...

    Residential

    RC_LP_U_310.1 Underwriting Properties w Marketability Issues

    This is a single-family/residential course. The marketability and value of a property can rise or fall depending on many factors which must be considered carefully when the loan is being presented as collateral for a mortgage loan. Underwriting Properties with Marketability Issues addresses some...

    Residential

    RC_LP_U_310.2 Underwriting Properties w Structural Issues

    This is a single-family/residential course. Underwriting Properties with Structural Issues identifies concerns related to the property structure. Physical, functional, or design characteristics in unique home styles, including some types of exterior finishing systems and functional obsolescence,...

    Residential

    RC_LP_U_311.2 Underwriting Reduc Pymnt Prods & Piggyback Lns

    This is a single-family/residential course. The landscape of the mortgage lending industry has changed dramatically over the past few decades. Prior to the financial crisis of the late 2000s, mortgage lenders offered a variety of products that provided alternatives to standard, fixed-rate mortga...

    Residential

    RC_RC_GO_204.1 Anti-Money Laundering Laws

    This is a single-family/residential course. Banks and mortgage lenders, as well as other legitimate businesses, can be a means of laundering money obtained through crime. The Anti-Money Laundering Laws course focuses on laws and regulations that banks and mortgage lenders must follow to help com...

    Residential

    RC_RC_GO_205.1 Communication Laws

    This is a single-family/residential course. Over the years, Congress has enacted a number of laws that regulate how businesses can communicate with consumers. The Communication Laws course reviews various laws that impact how businesses can communicate with consumers using various types of techno...

    Residential

    RC_RC_GO_200.1 Consumer Financial Protection Laws

    This is a single-family/residential course. The Consumer Financial Protection Laws course covers regulations that seek to protect consumers' financial interests when they obtain mortgage loans. The Truth in Lending Act of 1968 (TILA) and Real Estate Settlement Procedures Act of 1974 (RESPA) have...

    Residential

    RC_RC_GO_301.1 ECOA Compliance Basics

    This is a single-family/residential course. The Equal Credit Opportunity Act (ECOA) is an important anti-discrimination statute that is implemented by Regulation B. The ECOA Compliance Basics course provides an overview of ECOA, including a discussion of its history and in-depth detail on the ru...

    Residential

    RC_RC_GO_201.1 Fair Lending and Equal Opportunity Laws

    This is a single-family/residential course. The Fair Lending and Equal Opportunity Laws course provides an overview of the legislation that shapes fair lending and equal opportunity compliance rules for the mortgage industry. This course covers the purpose and main provisions of the Equal Credit...

    Residential

    RC_RC_GO_304.1 HMDA Compliance Basics

    This is a single-family/residential course. Passed by Congress in 1975, the Home Mortgage Disclosure Act (HMDA) was established to provide financial regulators, the public, and other stakeholders with data and other statistical information about mortgage lending in the United States. Congress’s ...

    Residential

    RC_RC_GO_100.1 Introduction to Regulatory Compliance

    This is a single-family/residential course. The Introduction to Regulatory Compliance course introduces foundational information that a regulatory compliance professional needs to be successful in their role in a mortgage lender's compliance function. The course discusses the compliance functio...

    Residential

    RC_RC_GO_400.1 Loan File Review for Compliance Profs

    This is a single-family/residential course. This course introduces the concepts related to reviewing a closed loan file for regulatory compliance, a critical element of any lender's compliance management system. Loan File Review for Compliance Professionals is an overview course that familiariz...

    Residential

    RC_RC_GO_203.1 Privacy and Credit-Reporting Laws

    This is a single-family/residential course. Applying for a mortgage (or any other type of consumer credit) requires the exchange and retention of many elements of a consumer's personal and financial data, including credit report information. Today, people are acutely aware of the damage that can...

    Residential

    RC_RC_GO_100.2 Reg Comp in the Residential Lending Cycle

    This is a single-family/residential course. The Regulatory Compliance in the Residential Lending Cycle course provides background about the business of mortgage lending that a compliance professional needs to be successful in his or her role. Understanding key concepts in mortgage lending, such...

    Residential

    RC_RC_GO_206.1 Residential Loan Servicing Laws

    This is a single-family/residential course. The Residential Loan Servicing Laws course provides an overview of current residential loan servicing legislation and regulation and context for why each of the laws is important. This course covers the purpose and provisions of the Real Estate Settlem...

    Residential

    RC_RC_GO_302.1 RESPA Compliance Basics

    This is a single-family/residential course. The Real Estate Settlement Procedures Act (RESPA) is one of the most important laws regulating mortgage lending in the United States. Since its enactment in 1974, it has governed disclosure of settlement costs, prohibited certain practices that could l...

    Residential

    RC_RC_GO_403.1 Reviewing Bus Processes for Compliance Profs

    This is a single-family/residential course. This course follows the review of a marketing piece, using a case study, to consider reviewing business processes more broadly. In Reviewing Business Processes for Compliance Professionals, the learner follows the review of one particular advertisemen...

    Residential

    RC_RC_GO_401.1 Reviewing Marketing for Compliance Profs

    This is a single-family/residential course. Marketing compliance in mortgage lending is more critical today than at any other time. There are more ways to advertise through different delivery channels than ever, and regulators are focused on the ways lenders communicate with consumers through th...

    Residential

    RC_RC_GO_303.1 TILA Compliance Basics

    This is a single-family/residential course. The goal of this course is to describe the Truth in Lending Act (TILA) and its implementing regulation, Regulation Z. TILA Compliance Basics begins with an overview of TILA, explaining the background and scope of the law and introducing the related dis...

    Residential

    RC_RC_GO_300.1 TRID Compliance Basics

    This is a single-family/residential course. The goal of this course is to describe the TILA-RESPA Integrated Disclosure (TRID) rule and its requirements. TRID Compliance Basics begins with an overview of the TRID rule, explaining the background and scope of the rule and introducing the related d...

    Residential

    RC_RC_GO_306.1 UDAP, UDAAP, & the MAP Rule Compliance Basics

    This is a single-family/residential course. There are many federal and state statutes and implementing regulations designed to protect consumers in many types of financial transactions. Some of them, such as the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA), ...

    Residential

    RC_RC_GO_402.1 Working the Help Desk for Compliance Profs

    This is a single-family/residential course. A dedicated compliance help desk can help a lender to mitigate risk by supporting compliant production, reinforcing lender policies and procedures, and educating staff on regulatory compliance. The help desk can play an important role in strengthening ...

    Residential

    RC_RC_LP_200.4 Consumer Protection in Loan Origination

    This is a single-family/residential course. Consumer Protection Laws in Loan Origination takes an in-depth look at some of the major fair lending, privacy, and predatory lending laws that have shaped the landscape of regulatory compliance in mortgage lending. We will first review three fair le...

    Residential

    RC_RC_LP_200.3 Disclosure Laws in Loan Origination

    This is a single-family/residential course. Disclosure laws are designed to require mortgage lenders to provide borrowers with specific, accurate, and timely information regarding the cost involved in obtaining a mortgage loan so that borrowers can make informed decisions. They also inform borro...

    Residential

    RC_RC_LP_201.5 Evaluating Fair Lending Compliance

    This is a single-family/residential course. There are many laws relating to fair lending and real estate financing that are designed to: Prevent inappropriate discrimination Protect the consumer Promote access to credit opportunities Mortgage lenders are required to adhere to these laws and are...

    Residential

    RC_RC_LP_201.2 Fair Lending During Inquiries

    This is a single-family/residential course. As an employee of a mortgage banking firm, mortgage brokerage firm, or lending institution, you will be contacted by existing or potential customers regarding loan services and general lending information. Often the inquiries are for rate information f...

    Residential

    RC_RC_LP_201.4 Fair Lending During Loan Disposition

    This is a single-family/residential course. The potential borrower has been interviewed, an application completed, and a credit investigation performed. Based on this information, the underwriter must now make the loan decision. Several laws and regulations speak directly to credit evaluation, d...

    Residential

    RC_RC_LP_201.3 Fair Lending During Processing

    This is a single-family/residential course. Fair Lending During Processing explores the role of fair lending during processing. First it looks at document tracking and how it can prevent the perception of unfair treatment. Then the course closes with a review of the importance of timeliness duri...

    Residential

    RC_RC_LP_201.1 Introduction to Fair Lending

    This is a single-family/residential course. To have a full understanding of the nature and purpose of today’s fair lending regulations, it is important to understand the origin of fair lending laws and why they were established. It is equally important to have the practical skills and understand...

    Residential

    RC_RC_LP_200.1 Intro to Compliance in Loan Origination

    This is a single-family/residential course. It is important to understand lending and regulatory compliance laws, why they were established, and their impact on the mortgage industry. The mortgage industry is heavily regulated and compliance requirements affect how day-to-day business operations...

    Residential

    RC_RC_LP_200.2 Licensing Laws in Loan Origination

    This is a single-family/residential course. Licensing laws are designed to enhance consumer protection and reduce fraud by requiring states to establish minimum standards for companies and individuals in the mortgage lending business. With enforcement of more stringent licensing requirements and...

    Residential

    RC_SM_100.1 Fundamentals of Secondary Marketing

    This is a single-family/residential course. Unlike the primary market, which concerns the processes required to bring a mortgage into existence, the secondary market is the portion of the mortgage market in which lenders and investors buy, sell, and trade existing mortgages. The secondary market...

    Residential

    RC_SM_100.2 How Secondary Marketing Works

    This is a single-family/residential course. How Secondary Marketing Works begins with an overview of the major products sold in the secondary market and provides an in-depth discussion of mortgage-backed securities (MBS). It then describes how secondary marketing works by exploring its relations...

    Residential