RC_LA_100.2 Loan Administration Concepts
MBA Member Price: $49.00
Nonmember Price: $79.00Purchase
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 administration. It begins with an overview of the major goals, functions, and tasks of loan administration. It then examines the basic functions of loan administration and their associated tasks. Next, the course discusses the entities involved with loan administration: borrowers, investors, insurers, and outsource vendors. From there, the course examines the various loan programs and financing options that make up the loans in the servicing portfolio. Toward the end of the course, concepts related to the financial management of loan administration are examined. Finally, the course takes a quick look at some of the important laws that impact loan administration.
Seat time approximately one (1) hour.