Overview

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.

Learning Outcomes

What you'll 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

Course curriculum

  • 1

    Welcome!

    • About this course: Blockchain Ethereum Applications Developer Certification Program
    • Key pointers for success in this course
    • Curriculum Description
    • Instructor Bio: Drew Miller
  • 2

    Slack Channel - Discussion Forum

    • Slack Channel
  • 3

    Program Announcements and notifications

    • Announcement 002 - Slack Channel Notification
  • 4

    Calendar, Discussion Forum and More

    • Course Calendar
    • Schedule: Live Instruction and Office Hours (Version 2.0 as of Feb 25, 2019)
    • Discussion Forum (All announcements, Q&A with instructors, etc.) - Slack Channel
    • If (and when) you need help...
  • 5

    U.S. Residential Mortgage Business and Process Fundamentals

    • Week 1 - Focus and Objectives
    • Introduction to U.S. Residential Mortgage Business and Process Fundamentals FREE PREVIEW
    • Residential Mortgage Overview
    • Residential Mortgage Overview (Slides)
    • Property Types
    • Property Types (Slides)
    • Mortgage Loan Types
    • Mortgage Loan Types (Slides)
    • Typical Terms and Conditions
    • Typical Terms and Conditions (Slides)
    • Mortgage Math Overview
    • Mortgage Math Overview (Slides)
    • Market Size and Scope
    • Market Size and Scope (Slides)
    • Key Players in Primary Mortgage Business
    • Key Players in Primary Mortgage Business (Slides)
    • Risks and Rewards Across the Mortgage Life Cycle
    • Risks and Rewards Across the Mortgage Life Cycle (Slides)
    • Mortgage Life Cycle – Consumer’s Point of View
    • Mortgage Life Cycle – Consumer’s Point of View (Slides)
    • Mortgage Life Cycle – Lender’s Point of View
    • Mortgage Life Cycle – Lender’s Point of View (Slides)
    • Regulatory Oversight and Evolution
    • Regulatory Oversight and Evolution (Slides)
    • Financial Distress and Foreclosure Avoidance
    • Financial Distress and Foreclosure Avoidance (Slides)
  • 6

    U.S. Residential Mortgage Analysis: Bringing It All Together

    • Week 2 - Focus and Objectives
    • Introduction to U.S. Residential Mortgage Analysis: Bringing It All Together
    • Financial, Credit and Loan Analysis
    • Financial, Credit and Loan Analysis (Slides)
    • Income Analysis of Borrower
    • Income Analysis of Borrower (Slides)
    • Understanding Credit History and Reports
    • Understanding Credit History and Reports (Slides)
    • Credit Report Analysis
    • Credit Report Analysis (Slides)
    • Mortgage Metrics and Decisioning
    • Mortgage Metrics and Decisioning (Slides)
    • Appraisal and Asset Valuation
    • Appraisal and Asset Valuation (Slides)
    • Appraisal Detail and Walk-Through
    • Title and Title Insurance
    • Title and Title Insurance (Slides)
  • 7

    Loan Management, Servicing and Securitization

    • Week 3 - Focus and Objectives
    • Introduction to Loan Management, Servicing and Securitization
    • Loan Servicing
    • Loan Servicing (Slides)
    • Securitization Demystified
    • Securitization for the Issuer and Investor
    • Securitization for the Issuer and Investor (Slides)
    • Life Cycle of Mortgage Backed Securities (MBS)
    • Rating Agency Involvement in MBS
    • Rating Agency Involvement in MBS (Slides)