U.S. Residential Real Estate, Property & Mortgage Business

Property & Mortgage Underwriting | Loan Processing | Financial Analysis | Mortgage Operations | Origination

What you'll learn

Describe the real estate mortgage market, including how and why people finance properties with mortgages.

Explain the size and scope of the U.S. residential mortgage market.

List and discuss roles of the key players in the mortgage industry and the functions and roles they have.

Apply current and historic mortgage regulations to financial and credit underwriting of mortgage loans

Identify key mortgage types and describe the audience and markets for each.

Delineate the various residential property types, and the risks each has to the mortgage lender.

Articulate the financial and business terms and conditions related to mortgages, as well as the full meaning and importance of each.

Explain the full consumer mortgage underwriting lifecycle from the consumer, originator, underwriter and financier POVs, and each step along the way.

Conduct a borrower income analysis, read and understand credit history and reports, and evaluate the credit worthiness of a borrower.

Evaluate appraisals and asset valuations, and the appraisals and the appraisal process.

Explain titling and insurance, titling requirements and related title issues.

Use (and not be afraid of) the math, rates and calculations behind mortgage pricing.

Discuss mortgage metrics and be able to provide an overview of loan approvals and rejections.

Identify financial distress in mortgages, including early warning signs, foreclosure alternatives, and loss mitigation strategies.

You'll learn about loan servicing and servicing regulations.

Define securitization, learn why financial institutions securitize mortgages, and advantages and disadvantages of securitization to the issuer and investor.

Describe the mortgage securitization process, from origination, to packaging and to servicing a securitized portfolio of mortgages.

Understand what a mortgage backed security (MBS) is, how rating agencies are involved in evaluating MBS securitizations, and appreciate the complexities.

Requirements

Knowledge of the English language.

Description

The United States residential real estate market is enormous comprising a value of over $8.5 trillion in property and projected to grow at approximately 9% per year through 2027. At any given time, over 1 million housing units are for sale with an average sale price of over $300,000, or total transaction volume annually well in excess of $300 billion. In a market as large as this, understanding the details of how the U.S. residential real estate market works is essential for any professional working in this spaceThis course covers what you will need to know to function effectively in the real estate business, whether as a banker, financier, underwriter, property manager, investor, operations professional or other person working in the field. This course was written by Paul Siegel and delivered by Russ Faulkner in collaboration to ensure you have everything you need to know to be knowledgeable about residential real estate and mortgages in the United States. Paul was active as an investment banker and was involved in the financing of over $1 billion of real property in the U.S.; and, Russ, worked for one of the largest global banks delivering top-notch training to employees and consultants worldwide.This program is one of the most highly rated real estate and mortgage courses available anywhere. It has been used by the world’s largest financial institutions and technology companies to train their staff on what the U.S. residential real estate and mortgage markets are all about.                                                                                                           * * * * * Building from the ground up (pun intended), we cover the most essential elements of the residential real estate and mortgage business (e.g., the important players, segments of the business key terminology that you need to know) and then jump right into unpackaging the consumer buying cycle and examine the lifecycle of a residential mortgage from origination and underwriting through to syndication and distribution. We spend time examining what goes into originating, servicing, and valuing a mortgage by examining the metrics that make up the loan process. We also examine the tools that help a financial institution or mortgage underwriting business make a sound creditworthiness decision, by exploring the credit report and the real estate appraisal. Finally, we demystify the mortgage securitization process so that you understand how a simple real estate loan is bundled with others to become security which the underwriting organization can then package and resell into the market to recycle its capital.This course contains nearly 30 modules in 3 sections and is structured so you have a clear awareness of how residential mortgages work in the real world:          · U.S. Residential Mortgage Business and Process Fundamentals          · U.S. Residential Mortgage Analysis: Bringing It All Together          · Loan Management, Servicing and Securitizationthis course's contents consist of videos for each section along with accompanying pdfs of each slide that outlines the key elements to be covered, and then followed in each module that consists of a narrated presentation.                                                                                                           * * * * *This course is part of a much larger curriculum available from the instructors entitled: U.S. Residential Real Estate Immersion Program. That certification program is divided into Core, Intermediate and Advance components which together comprise approximate 90 hours of on-demand, live and exercise/quiz/test content, incorporating:          Module 1 - The Real Estate Business          Module 2 - Real Estate Laws, Qualifications, Requirements and Measurements          Module 3 - Real Property Rights          Module 4 - Title, Deeds, and Ownership Restrictions          Module 5 - Real Estate Contracts          Module 6 - Residential Mortgages and Property Financings          Module 7 - Types of Mortgages and Sources of Finance          Module 8 - Real Estate Deal Closings and Financial Calculations          Module 9 - Real Estate Market Analysis and Property Appraisals          Module 10 - Planning, Zoning, Environmental Hazards, and Taxes                                                                                                           * * * * *More about this course and StarweaverThis course is led by a seasoned real estate investment banking industry practitioner and executive with many years of hands-on, in-the-trenches real estate analysis, underwriting, packaging and marketing work. It has been designed, produced and delivered by Starweaver. Starweaver is one of the most highly regarded, well-established training providers in the world, providing training courses to many of the leading financial institutions and technology companies, including:Ahli United Bank; Mashreqbank; American Express; ANZ Bank; ATT; Banco Votorantim; Bank of America; Bank of America Global Markets; Bank of America Private Bank; Barclay Bank; BMO Financial Group; BMO Financial Services; BNP Paribas; Boeing; Cigna; Citibank; Cognizant; Commerzbank; Credit Lyonnais/Calyon; Electrosonic; Farm Credit Administration; Fifth Third Bank; GENPACT; GEP Software; GLG Group; Hartford; HCL; HCL; Helaba; HSBC; HSBC Corporate Bank; HSBC India; HSBC Private Bank; Legal & General; National Australia Bank; Nomura Securities; PNC Financial Services Group; Quintiles; RAK Bank; Regions Bank; Royal Bank of Canada; Royal Bank of Scotland; Santander Corporate Bank; Tata Consultancy Services; Union Bank; ValueMomentum; Wells Fargo; Wells Fargo India Solutions; Westpac Corporate Bank; Wipro; and, many others.Starweaver has and continues to deliver 1000s of live in-person and online education for organizational training programs for new hires and induction, as well as mid-career and senior-level immersion and leadership courses.If you are looking for live streaming education or want to understand what courses might be best for you in technology or business, just google:starweaver journey builder starweaver[dot]comHappy learning.

Overview

Section 1: U.S. Residential Mortgage Business and Process Fundamentals

Lecture 1 Welcome!

Lecture 2 Introduction to U.S. Residential Mortgage Business and Process Fundamentals

Lecture 3 Residential Mortgage Overview

Lecture 4 Property Types

Lecture 5 Mortgage Loan Types

Lecture 6 Typical Terms and Conditions

Lecture 7 Mortgage Math Overview

Lecture 8 Market Size and Scope

Lecture 9 Key Players in Primary Mortgage Business

Lecture 10 Risks and Rewards Across the Mortgage Life Cycle

Lecture 11 Mortgage Life Cycle – Consumer’s Point of View

Lecture 12 Mortgage Life Cycle – Lender’s Point of View

Lecture 13 Regulatory Oversight and Evolution

Lecture 14 Financial Distress and Foreclosure Avoidance

Section 2: U.S. Residential Mortgage Analysis: Bringing It All Together

Lecture 15 Introduction to U.S. Residential Mortgage Analysis: Bringing It All Together

Lecture 16 Financial, Credit and Loan Analysis

Lecture 17 Income Analysis of Borrower

Lecture 18 Understanding Credit History and Reports

Lecture 19 Credit Report Analysis

Lecture 20 Mortgage Metrics and Decisioning

Lecture 21 Appraisal and Asset Valuation

Lecture 22 Appraisal Detail and Walk-Through

Lecture 23 Title and Title Insurance

Section 3: Loan Management, Servicing and Securitization

Lecture 24 Introduction to Loan Management, Servicing and Securitization

Lecture 25 Loan Servicing

Lecture 26 Securitization Demystified

Lecture 27 Securitization for the Issuer and Investor

Lecture 28 Life Cycle of Mortgage-Backed Securities (MBS)

Lecture 29 Rating Agency Involvement in MBS

Section 4: Closing Remarks

Lecture 30 Last comments on this course and how to make it (and education) work for you.

All levels of audience are encouraged to participate in this course.