Interested in attending our Consumer Lending School live?
Mark your calendars for this exhilarating educational journey with CFT. Get ready to be transformed into lending champions!
CFT provides a comprehensive training program on Consumer and Mortgage Loans for you and your lending staff. The school will review all aspects the consumer and mortgage loan process in-depth by focusing on the entire process: Application interview, processing, underwriting, closing, and servicing. We will dedicate a substantial portion of time on underwriting a consumer and mortgage loan with case studies for the class.
Both sessions included in this Consumer Lending School
Registration: Registration is per-participant
Times: 8:00AM – 3:00PM EST
Date: October 24 & 25, 2024
Location: DoubleTree by Hilton Bristol. 42 Century Drive, Bristol CT 06010
Day One:
- Introduction to consumer credit
- Types of Lenders
- Types of loan products
- Delivery channels
- Lending Process
- Understanding Lending Lingo
- LOS Systems
- Loan Interview/Taking an Application
- Government Loan Products
- Private mortgage insurance
- FNMA/FHLMC guidelines
- Documentation
- Underwriting:
- Consumer Loans
- Residential Mortgage Loans
- Home Equity Loans/Lines
- Calculate Mortgage Payments and Debt Ratios
- Reading a credit report
- Understanding Credit Scores
- Case Studies
Day Two:
- Real Estate Appraisals
- Condominiums
- Making the loan decision/recommendation
- Secondary Mortgage Market
- Selling loans to FNMA/FHLMC
- Closing the loan
- Quality Control
- Loan Servicing and Administration
- Loan Collections
- Generating consumer and residential loans in the marketplace
- More Case Studies