RC_LA_SS_300.4 Special Loan Market
MBA Member Price: $49.00
Nonmember Price: $79.00Purchase
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 products by combining loans and features into various new products.
Special Loan Market begins by describing HELOCs and reverse mortgages. Next, it discusses how special loan features may be combined on a loan product and looks at how special features may be used on each of the following different products: fixed-rate mortgages, adjustable-rate mortgages, piggyback loans, construction loans, and buydown loans. Finally, the course concludes with a discussion of product development and the servicing of special loan products, with an emphasis on the use of technology.
Seat time approximately one (1) hour.