Consumer Lending - Overview of Residential Mortgages and Home Equity Lending-Sp24

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Consumer Lending – Overview of Residential Mortgages and Home Equity Lending-Sp24

$330.00

Additional information

Date	Pre-Recorded
Recording Available Until	08/14/24
Presenter	Richard Hamm
Company	Advantage Consulting & Training
Target Audience	Branch managers, Consumer lenders, consumer lending managers and credit officers, credit analysts, loan review specialists, mortgage bankers, private bankers, small business lenders
Program Time	1:00 pm-2:30 pm CT
Duration	90 minutes

For many consumers, their residential first mortgage is the largest debt obligation. So, even if you are making other types of consumer loans, it is important to understand mortgages – how they work, typical structures, and their impact on the credit profile of your borrower. This program provides an overview of the entire mortgage process, including home equity lending. We’ll look at the business aspects of mortgages for banks, current trends in products offered, plus recent regulatory issues – most of which arose from the severe downturn in housing in 2008-2010.
This webinar will address:

• Update on residential first mortgage products and housing in general
• The roster of various players and participants in the mortgage process, including the government sponsored entities (GSEs)
• The evolution of bank involvement and current practices (originate to keep, originate to sell, using a correspondent relationship and others)
• Customer goals and process differences with purchase mortgages versus refinancing
• Overview of formal underwriting steps
• Single closing products or construction/permanent combined loans
• Evolution and current trends in home equity lending
• Example underwriting for home equity line of credit (HELOC)