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 spend one entire session entirely on underwriting a consumer and mortgage loan with case studies for the class.

3 sessions included in this Consumer Lending School 

Session 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

Session Two

• Underwriting:
  • Consumer Loans
  • Residential Mortgage Loans
  • Home Equity Loans/Lines
  • Calculate Mortgage Payments and Debt Ratios
• Reading a credit report
• Understanding Credit Scores
• Real Estate Appraisals
• Condominiums
• Case Studies
• Making the loan decision/recommendation

Session Three

• 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

Audience:  Loan originators, processors, branch personnel, new hires as well as those requiring cross training and refresher training.

Registration:  Registration is per-participant