4.32 out of 5
4.32
1374 reviews on Udemy

U.S. Residential Mortgage Business

A comprehensive overview and analysis, covering all aspects of the residential mortgage industry in the US.
Instructor:
Starweaver /live
4,395 students enrolled
English [Auto]
You'll be able to explain why people use mortgages today
You'll be able to list and discuss property types, and demonstrate the risks of each
You'll be able to identify key mortgage types and describe the audience and markets for each
You'll be able to describe the importance of mortgage loans and conditions, and their meanings
You'll be able to demonstrate the math behind mortgage pricing
You'll be able to learn the size and scope of the U.S. residential mortgage market
You'll be able to describe the key players in the mortgage industry, the functions and roles they have, and identify the phases of the mortgage life cycle
You'll learn about the risk and rewards of originating, servicing and securitizing mortgages
You'll learn about the mortgage life cycle from both the consumer's and the lender's POV
You'll learn about current and historical mortgage regulation
You'll learn about financial distress in mortgage, including early warning signs, foreclosure alternatives, and loss mitigation strategies
You'll learn about consumer mortgage lending
You'll learn about consumer mortgage lending, borrowe income analysis, and how to read and understand credit history and reports
You'll learn about mortgage metrics and be able to provide an overview of loan approvals and rejections
You'll learn about appraisal and asset valuation, and details of the appraisal process and walkthrough
You'll learn about titling and insurance; titling requirements and issues
You'll learn about loan servicing and servicing regulations
You'll be able to define securitization, and learn why financial institutions securitize mortgages
You'll be able to define securitization, learn why financial institutions securitize mortgages, and advantages and disadvantages of securitization to the issuer and investor
You'll be able to understand the entire MBS cycle, and rating agency involvement

In this course, we will cover everything you need to know to be knowledgeable about residential mortgages in the United States. We will look at the important players/departments in the space as well as Key Terminology that you need to know. We will spend some time unpackaging the consumer buying cycle and examine the life cycle of the Mortgage. In addition, we will spend some time examining what goes into originating, servicing and valuing a Mortgage by examining the metrics that make up the loan process. We will examine the tools that help a company make a sound credit worthiness decision, by exploring the Credit Report and the Real Estate Appraisal. Finally, we will demystify the Securitization process by looking at the process of Mortgage Securitization and its benefits.

The makeup of the course is as follows, containing nearly 30 modules over 3 sections:

  • U.S. Residential Mortgage Business and Process Fundamentals
  • U.S. Residential Mortgage Analysis: Bringing It All Together
  • Loan Management, Servicing and Securitization

This course's contents consists of a video introductions for each section, outlining the key elements to be covered, followed by each module, consisting of a narrated presentation.

U.S. Residential Mortgage Business and Process Fundamentals

1
Introduction to U.S. Residential Mortgage Business and Process Fundamentals

Instructor Russ Faulkner introduces the U.S. Residential Mortgage Business and discusses key elements of the first section within this course.

2
Residential Mortgage Overview

Instructor Russ Faulkner provides an overview of reseidential mortgages.

3
Property Types

Instructor Russ Faulkner discusses various types of residential properties.

4
Mortgage Loan Types

Instructor Russ Faulkner discusses the types of mortgage loans.

5
Typical Terms and Conditions

Instructor Russ Faulkner describes the typical terms and conditions on a mortgage,

6
Mortgage Math Overview

Instructor Russ Faulkner provides an overview of the math used in mortgages.

7
Market Size and Scope

Instructor Russ Faulkner discusses the size and scope of the residential mortgage market.

8
Key Players in Primary Mortgage Business

Instructor Russ Faulkner describes the key players in the mortgage business.

9
Risks and Rewards Across the Mortgage Life Cycle

Instructor Russ Faulkner identifies risks and rewards across the mortgage life cycle.

10
Mortgage Life Cycle – Consumer’s Point of View

Instructor Russ Faulkner discusses the mortgage life cycle from a consumer's point of view.

11
Mortgage Life Cycle – Lender’s Point of View

Instructor Russ Faulkner discusses the mortgage life cycle from a lender's point of view.

12
Regulatory Oversight and Evolution

Instructor Russ Faulkner looks at regulatory oversight and evolution of the residential mortgage business.

13
Financial Distress and Foreclosure Avoidance

Instructor Russ Faulkner discusses financial distress and foreclosure avoidance.

U.S. Residential Mortgage Analysis: Bringing It All Together

1
Introduction to U.S. Residential Mortgage Analysis: Bringing It All Together

Instructor Russ Faulkner introduces the next section and breaks down the key items to be discussed.

2
Financial, Credit and Loan Analysis

Instructor Russ Faulkner discusses financial, credit and loan analysis.

3
Income Analysis of Borrower

Instructor Russ Faulkner discusses the income analysis of a borrower.

4
Understanding Credit History and Reports

Instructor Russ Faulkner demonstrates credit history and reports.

5
Credit Report Analysis

Instructor Russ Faulkner discusses the topic of credit report analysis.

6
Mortgage Metrics and Decisioning

Instructor Russ Faulkner discusses mortgage metrics and decisioning.

7
Appraisal and Asset Valuation

Instructor Russ Faulkner discusses appraisal and asset valuation.

8
Appraisal Detail and Walk-Through

Instructor Russ Faulkner details appraisal and the walkthrough process.

9
Title and Title Insurance

Instructor Russ Faulkner discusses title and title insurance.

Loan Management, Servicing and Securitization

1
Introduction to Loan Management, Servicing and Securitization

Instructor Russ Faulkner introduces the final section on loan management and identifies the topics to be discussed.

2
Loan Servicing

Instructor Russ Faulkner discusses loan servicing.

3
Securitization Demystified

Instructor Russ Faulkner demystifies the concept of securitization.

4
Securitization for the Issuer and Investor

Instructor Russ Faulkner discusses securitization for the issue and investor.

5
Life Cycle of Mortgage Backed Securities (MBS)

Instructor Russ Faulkner goes over the life cycle of mortgage backed securities.

6
Rating Agency Involvement in MBS

Instructor Russ Faulkner discusses the involvement of rating agencies in mortgage backed securities.

You can view and review the lecture materials indefinitely, like an on-demand channel.
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Includes

7 hours on-demand video
Full lifetime access
Access on mobile and TV
Certificate of Completion