RC_LA_FM_200.1 Financial Categories for Loan Administration

1-5 Education Intermediate Loan Administration & Servicing Residential Residential Certified Mortgage Servicer (RCMS) Self-Study Web-Based Courses
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Option Price
Member $50.00
Non-Member $100.00

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 financial picture of each functional area within a company.

Financial Categories for Loan Administration introduces the financial categories used by corporate accounting to track loan administration activities: assets and receivables, liabilities, deferrals, revenue, and expenses. The course provides an overview of the financial categories, describes where these categories appear on the financial statements, and gives definitions and examples of various loan administration activities in each of these categories.

This is a single-family/residential course.

Topics:

  • The Categories
  • Assets and Receivables
  • Liabilities
  • Deferrals
  • Revenue
  • Expenses

    Seat time approximately 1 hour.

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