Lending Basics for Homeownership Counselors   

Date: Monday, August 18, 2008
Time: 9am
Length: 3 days
Location: NTI Chicago, IL
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Cost: $615

Event Details

This course is designed to introduce homeownership counselors to the basic procedures involved in first mortgage lending. Areas covered in this overview are loan origination, processing, underwriting, closing, and servicing. Conventional and FHA loan products are described along with brief discussions on credit scoring, appraisals, subprime and predatory lending. Students learn how to prequalify potential borrowers including calculating loan amounts and monthly mortgage payments. This course is recommended for both pre and post homeownership counselors and provides an excellent foundation for the Foreclosures Basic class (HO109)

Visit: http://www.nw.org/network/training/courses/default.asp?course=ucrsdetailAll1.asp?course=HO103 for more details.

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