F Mortgage Loan Brokering in California

Catalog description

54 hours lecture per term. This course covers the aspects of mortgage brokering operations. Topics include understanding the history of the mortgage loan brokerage business; developing and marketing your own mortgage loan brokerage business; developing a business plan; selecting the proper loan for a prospective borrower; understanding and completing Federal Truth in Lending compliance and disclosure reports; pre-qualifying prospective borrowers; completing a loan application package; calculating an underwriting worksheet and identifying potential "Red Flag" lending problems. NOTE: This course fulfills the educational prerequisite for California state licensing requirements. (Degree Credit) (CSU)