The U.S. Residential Mortgage Business
4.3 (33 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
304 students enrolled
Wishlisted Wishlist

Please confirm that you want to add The U.S. Residential Mortgage Business to your Wishlist.

Add to Wishlist

The U.S. Residential Mortgage Business

A comprehensive overview and analysis, covering all aspects of the residential mortgage industry in the US.
4.3 (33 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
304 students enrolled
Created by Paul Siegel
Last updated 3/2014
English
Current price: $10 Original price: $50 Discount: 80% off
1 day left at this price!
30-Day Money-Back Guarantee
Includes:
  • 7.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • You'll be able to explain why people use mortgages today
  • You'll be able to list and discuss property types, and demonstrate the risks of each
  • You'll be able to identify key mortgage types and describe the audience and markets for each
  • You'll be able to describe the importance of mortgage loans and conditions, and their meanings
  • You'll be able to demonstrate the math behind mortgage pricing
  • You'll be able to learn the size and scope of the U.S. residential mortgage market
  • You'll be able to describe the key players in the mortgage industry, the functions and roles they have, and identify the phases of the mortgage life cycle
  • You'll learn about the risk and rewards of originating, servicing and securitizing mortgages
  • You'll learn about the mortgage life cycle from both the consumer's and the lender's POV
  • You'll learn about current and historical mortgage regulation
  • You'll learn about financial distress in mortgage, including early warning signs, foreclosure alternatives, and loss mitigation strategies
  • You'll learn about consumer mortgage lending
  • You'll learn about consumer mortgage lending, borrowe income analysis, and how to read and understand credit history and reports
  • You'll learn about mortgage metrics and be able to provide an overview of loan approvals and rejections
  • You'll learn about appraisal and asset valuation, and details of the appraisal process and walkthrough
  • You'll learn about titling and insurance; titling requirements and issues
  • You'll learn about loan servicing and servicing regulations
  • You'll be able to define securitization, and learn why financial institutions securitize mortgages
  • You'll be able to define securitization, learn why financial institutions securitize mortgages, and advantages and disadvantages of securitization to the issuer and investor
  • You'll be able to understand the entire MBS cycle, and rating agency involvement
View Curriculum
Requirements
  • Knowledge of the English language.
Description

In this course, we will cover everything you need to know to be knowledgeable about residential mortgages in the United States. We will look at the important players/departments in the space as well as Key Terminology that you need to know. We will spend some time unpackaging the consumer buying cycle and examine the life cycle of the Mortgage. In addition, we will spend some time examining what goes into originating, servicing and valuing a Mortgage by examining the metrics that make up the loan process. We will examine the tools that help a company make a sound credit worthiness decision, by exploring the Credit Report and the Real Estate Appraisal. Finally, we will demystify the Securitization process by looking at the process of Mortgage Securitization and its benefits.

The makeup of the course is as follows, containing nearly 30 modules over 3 sections:

  • U.S. Residential Mortgage Business and Process Fundamentals
  • U.S. Residential Mortgage Analysis: Bringing It All Together
  • Loan Management, Servicing and Securitization

This course's contents consists of a video introductions for each section, outlining the key elements to be covered, followed by each module, consisting of a narrated presentation.

Who is the target audience?
  • All levels of audience are encouraged to participate in this course.
Students Who Viewed This Course Also Viewed
Curriculum For This Course
Expand All 28 Lectures Collapse All 28 Lectures 07:15:52
+
U.S. Residential Mortgage Business and Process Fundamentals
13 Lectures 04:10:06

Instructor Russ Faulkner introduces the U.S. Residential Mortgage Business and discusses key elements of the first section within this course.

Preview 03:32

Instructor Russ Faulkner provides an overview of reseidential mortgages.

Residential Mortgage Overview
41:58

Instructor Russ Faulkner discusses various types of residential properties.

Property Types
10:56

Instructor Russ Faulkner discusses the types of mortgage loans.

Mortgage Loan Types
34:27

Instructor Russ Faulkner describes the typical terms and conditions on a mortgage,

Typical Terms and Conditions
17:33

Instructor Russ Faulkner provides an overview of the math used in mortgages.

Mortgage Math Overview
23:47

Instructor Russ Faulkner discusses the size and scope of the residential mortgage market.

Market Size and Scope
19:04

Instructor Russ Faulkner describes the key players in the mortgage business.

Key Players in Primary Mortgage Business
15:37

Instructor Russ Faulkner identifies risks and rewards across the mortgage life cycle.

Risks and Rewards Across the Mortgage Life Cycle
10:26

Instructor Russ Faulkner discusses the mortgage life cycle from a consumer's point of view.

Mortgage Life Cycle – Consumer’s Point of View
25:38

Instructor Russ Faulkner discusses the mortgage life cycle from a lender's point of view.

Preview 08:37

Instructor Russ Faulkner looks at regulatory oversight and evolution of the residential mortgage business.

Regulatory Oversight and Evolution
18:31

Instructor Russ Faulkner discusses financial distress and foreclosure avoidance.

Financial Distress and Foreclosure Avoidance
20:00
+
U.S. Residential Mortgage Analysis: Bringing It All Together
9 Lectures 01:48:20

Instructor Russ Faulkner introduces the next section and breaks down the key items to be discussed.

Introduction to U.S. Residential Mortgage Analysis: Bringing It All Together
03:31

Instructor Russ Faulkner discusses financial, credit and loan analysis.

Financial, Credit and Loan Analysis
20:27

Instructor Russ Faulkner discusses the income analysis of a borrower.

Income Analysis of Borrower
10:45

Instructor Russ Faulkner demonstrates credit history and reports.

Understanding Credit History and Reports
10:55

Instructor Russ Faulkner discusses the topic of credit report analysis.

Credit Report Analysis
13:27

Instructor Russ Faulkner discusses mortgage metrics and decisioning.

Mortgage Metrics and Decisioning
11:17

Instructor Russ Faulkner discusses appraisal and asset valuation.

Appraisal and Asset Valuation
10:56

Instructor Russ Faulkner details appraisal and the walkthrough process.

Appraisal Detail and Walk-Through
14:48

Instructor Russ Faulkner discusses title and title insurance.

Title and Title Insurance
12:14
+
Loan Management, Servicing and Securitization
6 Lectures 01:17:26

Instructor Russ Faulkner introduces the final section on loan management and identifies the topics to be discussed.

Introduction to Loan Management, Servicing and Securitization
01:51

Instructor Russ Faulkner discusses loan servicing.

Loan Servicing
31:47

Instructor Russ Faulkner demystifies the concept of securitization.

Securitization Demystified
19:51

Instructor Russ Faulkner discusses securitization for the issue and investor.

Securitization for the Issuer and Investor
09:00

Instructor Russ Faulkner goes over the life cycle of mortgage backed securities.

Life Cycle of Mortgage Backed Securities (MBS)
08:23

Instructor Russ Faulkner discusses the involvement of rating agencies in mortgage backed securities.

Rating Agency Involvement in MBS
06:34
About the Instructor
Paul Siegel
4.3 Average rating
567 Reviews
4,782 Students
17 Courses
Education you can bank on

We deliver superlative, hands-on and practical corporate and investment banking education that you can use immediately in your job, or that next great job you are looking to start. We focus on making complex subjects readily understandable and usable. If you want to take a great leap forward in your finance career, we are here to make that happen.

Our instructors are practitioners who have worked in the field of finance. They relate the subjects covered to real work situations you will encounter in your banking job. So, the concepts are real, the coverage is at the right level of depth, and the material is easy to absorb.