Upon completion of this course, students will be able to:

• Understand the History of the Mortgage Industry
• Have a general understanding of the primary and secondary market
• Gain a general overview of the Consumer Financial Protection Bureau (CFPB)
• Learn about the Real Estate Settlement Procedures Act (RESPA)
• Learn about the Truth in Lending Act (TILA)
• Learn about TILA-RESPA Integrated Disclosure (TRID)
• Learn about the Equal Credit Opportunities Act (ECOA)
• Learn about the Fair Housing Act (FHA)
• Learn about various additional Federally mandated laws
• Understand various government loan programs (FHA, VA, USDA)
• Understand non-traditional lending products
• Understand definitions of key mortgage terms
• Understand the requirements and importance of the application process
• Learn to perform loan qualification and borrower analysis
• Develop an understanding of appraisal requirements
• Learn to perform loan qualification and borrower analysis
• Calculate Loan to Value
• Understand financial calculations
• Explore mortgage fraud scenarios and schemes
• Analyze predatory lending and steering standards
• Review prohibited practices and disclosure requirements in advertising
• Understand the detail of the SAFE Act and the Model State Law (MSL)
• Identify Individuals Required to be Licensed by State