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Mar 29, 2024
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SVL 1221 - Mortgage Lending-AS 3 class hours 3 Credit(s) This course describes the role of the loan department and how it relates to the total organization of the association; assesses the system of credit investigation and analysis; summarizes the standard procedures an association follows to maintain a loan from closing to the date it is paid off; evaluates the essential characteristics of loans made for construction; apartment, condominium and commercial loans; distinguishes between conventional and FHA/VA loans; assesses the role of savings associations in the secondary mortgage market.
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