|
Lending
Officer Courses
Lending officer courses will give you the knowledge and skills
required to identify the credit needs of various types of
small business customers and to sell a total banking relationship.
It will also prepare you to assess the customer's credit worthiness
by examining income statements and balance sheets. This program
covers both the technical side of small business lending and
the interpersonal skills required to be a successful loan
officer. Lending officer courses provide participants with
basic knowledge about consumer credit. It covers terminology,
basic categories of consumer credit, determining credit worthiness,
the application process, and bank regulations. After successfully
completing this course, you will be able to: explain how banks
make money from loans and describe the basic categories of
consumer credit- open-end, closed-end, secured, and unsecured.
Fundamentals of Mortgage Lending is another integral part
of lending officer courses. It is basically aimed at the participants
who currently sell mortgages, or who are involved in the mortgage
lending process. This course covers the basic terminology
and regulations of mortgage lending and also provides information
on the secondary market. The benefits to a financial institution
derived from selling mortgage loans are explained. After successfully
completing this course, you will be able to: describe basic
terminology regarding interest rates, fees, job functions,
and how credit decisions are made, calculate LTV and determine
if escrows are needed, explain credit scoring and identify
mortgage lending regulations and how they apply to the mortgage
lending process.
Lending officer courses can make a difference. Lending officer
courses are extremely helpful for the financial services professionals
who want a broad over- view of mortgage lending, including
those who intend to pursue a career in mortgage lending (business
development, underwriting, processing), and those individuals
who recently joined a mortgage lending department. Lending
officer courses cover construction and permanent financing
for residential property; real estate law; documentation;
mortgage loan servicing; the secondary mortgage market; the
role of government in mortgage lending, and residential real
estate as an investment. The discussion of underwriting, processing,
and servicing will give participants a framework for learning
the mortgage lending business and refining their existing
knowledge. In addition, the coverage of laws and regulations
affecting mortgage lending provides an understanding of mortgage
lending's history and a glimpse into its future.
|
