1 / 5

Chapter 13

Chapter 13. Loan Origination, Processing, and Closing. 13-1. Chapter 13 Learning Objectives. Understand the steps involved in processing a loan application and closing a mortgage Understand the operation of mortgage bankers. 13-2. Loan Processing. Appraisal Market Approach

zed
Download Presentation

Chapter 13

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Chapter 13 Loan Origination, Processing, and Closing

  2. 13-1 Chapter 13 Learning Objectives • Understand the steps involved in processing a loan application and closing a mortgage • Understand the operation of mortgage bankers

  3. 13-2 Loan Processing • Appraisal • Market Approach • Cost Approach • Income Approach • Applying for Mortgage Insurance • FHA • VA • PMI

  4. Loan Closing 13-3 • Transferring Title • Signing Documents • E.G. Promissory Note

  5. Mortgage Banking • Non-Depository Institutions • Do Not Hold Loans in Portfolio • Retain Servicing Rights • Sources of Funds Are Commercial Paper and Warehousing Loans • Income Primarily From Origination and Servicing Fees

More Related