RC_LA_SS_300.1 Special Loan Basics
MBA Member Price: $49.00
Nonmember Price: $79.00Purchase
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 available for retail purchase.
Special loan programs offer prospective mortgagors an alternative to the traditional fixed-rate loan. The terms of these loans are generally more complicated, which makes servicing them interesting and challenging.
In Special Loan Basics, you will learn about the history of special loans, their place in mortgage banking today, and the difference between special loan programs, products, and features.
Next we'll explore the SCRA loan program for service members and finally, the course will review some of the important considerations involved with servicing special loans and discuss the advantages, disadvantages, and risks associated with this area of the business.
Seat time approximately one (1) hour.