Course Details

This course is designed to introduce homeownership counselors to the basic procedures involved in first mortgage lending. Areas covered in this overview are loan origination, processing, underwriting, closing and servicing. Conventional and FHA loan products are described along with brief discussions on credit scoring, appraisals, subprime and predatory lending. Participants learn how to prequalify potential borrowers including calculating loan amounts and monthly mortgage payments.

This course is recommended for both pre- and post-purchase homeownership counselors and provides an excellent foundation for the Foreclosure Basics class (HO109).

Course Length: 3 Days

Tuition: $1155.0

Course counts toward a professional certificate (PCP): No