MORTGAGE LOAN BROKERING AND LENDING

Catalog description

Introduces the principles and operations of the mortgage loan brokering field. The emphasis is on the lending rules for residential property. Students learn lending laws of Regulation Z, usury laws, disclosures, agency relationships, advertising laws, HUD/RESPA calculations, and the loan process. This class satisfies the elective requirements for the California DRE Real Estate Salesperson's and Broker's licenses. For consumers, professionals, and investors.