SVL 1221 - Mortgage Lending

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.