BRC 0325 Advanced
In this course, students will gain an understanding of and gain skills with the tools to process mortgage loans. How to deal with exceptions to the general rules, including the self-employed, will be mastered along with learning about private mortgage insurance and sources of funds for mortgage loans, this will include the sale of loans into the secondary market. An under standing of compliance issues will be gained and loan pro grams for low/moderate income borrowers will be explored as well as servicing mortgages and collection of delinquent mortgages.