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Develop practical knowledge and confidence in Mortgage Loan Products.
This course will introduce the learner to fixed rate mortgages (FRMs) and teach the learner about Adjustable Rate Mortgages (ARMs). The course will also provide the learner with an overview of the nature and risks of jumbo loans. After completing this program, the learner will have a strong understanding of:
This course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together.
This course is suitable for professionals, managers, business owners and learners who want practical knowledge they can apply in real workplace situations.
Course Description
Seat Time: 1.5hrs - Desc:
This course will introduce the learner to fixed rate mortgages (FRMs) and teach the learner about Adjustable Rate Mortgages (ARMs). The course will also provide the learner with an overview of the nature and risks of jumbo loans. After completing this program, the learner will have a strong understanding of:
T1. Fixed Rate Mortgages: This topic will introduce the learner to fixed rate mortgages (FRMs) and will instruct him/her on the advantages and disadvantages of using FRMs.
T2. Adjustable Rate Mortgages: This topic will teach the learner about Adjustable Rate Mortgages (ARMs), indices, and pricing ARMs so s/he is prepared to evaluate ARMs for the lender and for the borrower.
T3. Jumbo Loans: This topic will define the term and use of jumbo loans for the learner so that s/he understands the nature and risks of jumbo loans.
T4. Conforming Loans: This topic will define for the learner the term "conforming loan" so that s/he understands the criteria for conforming loans and the advantages to them.
T5. FHA and VA Loans: This topic will teach the learner about Federal Housing Administration (FHA) loans and Veterans Affairs (VA) loans so s/he understands why these loans are designed and how eligible areas are designated.
T6. Other Types of Loans: This topic will teach the learner about the other types of loans, such as balloon mortgages and blanket loans, which s/he might encounter in the role of a lending officer.
Part of this learning pathway: Banking & Finance
Learners also take: Overview Of Mortgage Loan Fraud | Mortgage Loan Fraud Schemes | Overview of Mortgage Lending
Course pathway: eBSI Banking Academy > Banking & Finance > Mortgage Loan Products
Explore more Banking & Finance training or return to the eBSI Banking Academy.
If you have any questions or would like to speak to one of our team before enrolling feel free to book a free video call with us by clicking the button below, we will be delighted to meet you on Google Meet!