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  • 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 department. The course begins with a look at the three major components of the lending cycle: loan production, secondary marketing, and loan administ

  • 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 form

  • 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 their

  • 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 und

  • 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. It presents the different types of cl

  • 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 differ

  • RC_LA_EA_200.2 The Escrow Department

    This is a single-family/residential course. The Escrow Department examines the roles, responsibilities, resources, and tools of the escrow group. The course begins by describing where the obligations of the lender and borrower regarding escrow are defined. Next, it examines the basic functions perf

  • 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 actions s

  • 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. Bank

  • 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 financial pi

  • 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 receivabl

  • 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 ag

  • 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. Private investors have their own sets of requirements. Investor Requirements in Bank Reconciliation examines the special

  • 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 fou

  • 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 loan se

  • RC_LA_IR_200.2 Investor Reporting Requirements

    This is a single-family/residential course. Each investor has different reporting guidelines that must be followed. Failure to follow investor guidelines could result in a penalty for the servicer. Investor Reporting Requirements outlines reporting requirements of various investors, including Fan

  • 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 longer a

  • RC_LA_IR_300.1 Investor Reporting Requirements: Freddie Mac

    This is a single-family/residential course. Servicing Freddie Mac mortgage loans involves unique information data and reporting requirements for the investor reporting specialist. Investor Reporting Requirements: Freddie Mac introduces terms and specific data requirements for successful monthly Fre

  • RC_LA_IR_300.3 Investor Reporting Requirements: Ginnie Mae

    This is a single-family/residential course. This course focuses on Ginnie Mae's investor reporting requirements. It will introduce you to terms and specific data requirements to ensure successful monthly reporting and reconciliation to Ginnie Mae. The Investor Reporting Requirements: Ginnie Mae c

  • RC_LA_IR_300.4 Private Investor Reporting Requirements

    This is a single-family/residential course. This course focuses on private investor reporting and remitting guidelines. It will introduce you to new terms and specific data requirements for successful private investor reporting, which will include remitting and reconciliation. The Private Investo

  • RC_LA_100.2 Loan Administration Concepts

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

  • 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 linking t

  • 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 sec

  • 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 must

  • 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 also explains the approval and closing process for an assumption loan. The course begins with a look

  • 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. The course begins with an overview of the payoff process, including the terms of the mortgage, the overall payoff process, and the Uniform Residential Mortgage Satisfactio

  • 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, lookin

  • 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 alike

  • 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 and

  • 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 avai

  • 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 more c

  • 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 loan p

  • 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 ban

  • 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. When discussing mortgage loan servicing, the term investor commonly refers to government agencies such as Ginnie Mae; government-sponsored enterprises (GSEs)

  • 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. Thes

  • 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 st

  • 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 prov

  • 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 subm

  • RC_LP_P_200.1 Processing Fundamentals

    This is a single-family/residential course. In preparing a loan file for submission to the underwriting team, the processor plays a vital role in the loan production process. In essence, the processor is the "traffic light" that keeps the flow of information moving down the highway to loan approval

  • RC_LP_P_200.4 Property Appraisal for Processors

    This is a single-family/residential course. An appraisal is an estimate or an opinion of the fair market value of a property. 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

  • 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 mortg

  • RC_LP_P_200.3 Verification and Supporting Documentation

    This is a single-family/residential course. Verification is an important part of the loan application process. One of its purposes is to ensure that the borrower is able to cope financially with the responsibility of a home mortgage. While there is little to indicate that applicants regularly and i

  • 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 Cos

  • 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 appraisals

  • 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 collatera

  • RC_LP_U_200.4 Asset Review in Residential Underwriting

    This is a single-family/residential course. In Asset Review in Residential Underwriting, we describe how to analyze an applicant's assets to ensure that there are sufficient funds to close and that the applicant meets program guidelines with respect to the minimum borrower contribution and reserve

  • RC_LP_U_306.1 Business Structures for Self-Empl. Borrowers

    This is a single-family/residential course. Understanding the different business classifications and methods used to report income for tax purposes is key to deriving a stable monthly income figure for self-employed customers applying for mortgage loans. Sole proprietorships, partnerships, corpora

  • RC_LP_U_200.5 Collateral Review in Residential Underwriting

    This is a single-family/residential course. In mortgage lending, the appraisal is an important document that enables the underwriter to decide whether the property offers sufficient collateral for the loan amount being requested. If a borrower defaults on a mortgage loan, the investor or lender who

  • 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 cred

  • RC_LP_U_302.3 Credit Scores in Risk Assessment

    This is a single-family/residential course. Credit Scores in Risk Assessment explores the role credit scores play in determining the risk associated with a particular loan. The course begins with a general look at risk assessment and the use of credit scores in the process. The course then discusse

  • 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. Fro

  • 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 Advis

  • RC_LP_U_200.1 Eligibility in Residential Underwriting

    This is a single-family/residential course. Underwriting conventional mortgage loans involves applying requirements and guidelines that have been established by secondary market investors or lenders. Specific eligibility requirements are applied to loans based on any number of factors. This course

  • RC_LP_U_306.4 Evaluating Corporations

    This is a single-family/residential course. The Evaluating Corporations course discusses how to analyze corporation tax returns using the Fannie Mae Cash Flow Analysis (Form 1084) to determine a borrower's allowable qualifying income. The course begins with a review of characteristics of corporatio

  • 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. Evaluating Loans with Desktop Underwriter focuses on how Fannie Mae's autom

  • RC_LP_U_303.3 Evaluating Loans with Loan Product Advisor

    This is a single-family/residential course. Loan Product Advisor (LPA) is an automated loan evaluation system that makes a purchase decision for Freddie Mac, eliminating many of the manual processing and underwriting requirements of traditional mortgage processing. LPA can assess almost any type of

  • RC_LP_U_306.3 Evaluating Partnerships

    This is a single-family/residential module. This course discusses how to evaluate income from partnerships reported on business tax returns, including Schedule E (Form 1040), Form 1065, and Schedule K-1 (Form 1065). To determine allowable qualifying income, the underwriter must analyze income and

  • RC_LP_U_306.2 Evaluating Sole Proprietorships

    This is a single-family/residential module. Determining qualifying income for self-employed borrowers can be more challenging than for their salaried counterparts. It involves careful review of sometimes complex tax returns and analysis of what income reported can be used to qualify for a mortgage

  • 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 course begins with a discussion of transaction types, including the criteria for determining whether the transaction is conside

  • RC_LP_U_309.2 Fannie Mae Guidelines for Manufactured Homes

    This is a single-family/residential course. Fannie Mae Guidelines for Manufactured Homes reviews Fannie Mae's credit and collateral underwriting guidelines along with Desktop Underwriter (DU) criteria for manufactured home loans. The course begins with a discussion of property eligibility criteria

  • 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 review, each of these

  • 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 the p

  • 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 requ

  • RC_LP_U_309.3 Freddie Mac Guidelines for Manufactured Homes

    This is a single-family/residential course. Freddie Mac Guidelines for Manufactured Homes reviews Freddie Mac's credit and collateral underwriting guidelines along with Loan Product Advisor (LPA) criteria for manufactured home loans. The course begins with a discussion of property eligibility cri

  • 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 underwr

  • 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-employed

  • 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. Proper calculation of qualifying income is key to arriving at an accurate set of qualifying ratios. Therefore, it is critical that an underwrite

  • 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, manufactu

  • 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 tool w

  • 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 valuation rep

  • 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 (LPA) automated underwriting system (AUS). Depending on the risk classif

  • RC_LP_U_305.4 Supplemental Income and Loss on Tax Returns

    This is a single-family/residential course. This course explains how to analyze income reported on Schedule E (Form 1040) and Schedule K-1 (Form 1065) for mortgage lending underwriting. It discusses how income reported on these tax returns is adjusted using Freddie Mac's Form 91 Income Calculations

  • RC_LP_U_305.3 Supporting Income and Loss on Tax Returns

    This is a single-family/residential course. This course discusses using tax returns to determine qualifying income for self-employed borrowers when underwriting mortgage loans. The course examines Schedule C, Schedule D, and Schedule F of Form 1040 and how these types of income are adjusted using F

  • 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 the Tax Retu

  • 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 inspections.

  • 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 Nat

  • 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 pen

  • RC_LP_U_311.3 Underwriting Government Loans

    This is a single-family/residential course. The government mortgage market has had considerable impact on the current conventional mortgage market. Rates for government loans may be slightly higher than their conventional/conforming counterparts. However, if you have less than perfect credit, you m

  • 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 due

  • 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 may

  • RC_LP_U_310.3 Underwriting Properties w Environmental Issues

    This is a single-family/residential course. There are a number of environmental 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 they can force a family to move to

  • 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 of

  • 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, ma

  • 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 mortgages

  • 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 combat

  • 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 laws that impact how businesses can communicate with consumers using various types of technology. The

  • RC_RC_GO_200.1 Consumer Financial Protection Laws

    This is a single-family/residential course. The Consumer Financial Protection Laws course covers statutes and 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 (R

  • 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 rules

  • 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 Op

  • 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 goa

  • 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 his or her role in a mortgage lender's compliance function. The course discusses the compliance funct

  • 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 familiarizes

  • 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 be

  • 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 as

  • 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 regulatory compliance in residential mortgage loan servicing, introducing the key laws that regulate the business and providing context for why each of the laws is important. This course c

  • 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 lead

  • 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 advertisement f

  • 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 their

  • 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 disclo

  • 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 disc

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