You might be wondering what is US Mortgage? Why it is important? What role it plays in US economy? Why it is important to learn about US Mortgage? Who should learn this domain? Why they should learn this domain? What is the complete life cycle of the Mortgage, right from Origination of the loan to selling the same loan in secondary market, who are the players involved? What all the processes involved? What all the consumer Affairs Laws & Regulations? And Key Terms and Concepts.
The US – Mortgage in a nutshell
Let’s understand What is US Mortgage in a nutshell? US Mortgage, in this course you going to essentially learn about what is US Mortgage Banking, what all the risks involved in mortgage banking, What all the different types of Mortgages available in market? As fundamentals of US Mortgage.
When it comes to Mortgage Production, you will learn about what all the different processes like Loan Origination, Processing, Underwriting, Closing & Funding. Each process again has multiple processes in order to make sure both borrower & lender are in compliance with federal laws.
Let’s see what we going to learn in Mortgage Servicing. This section of the course will talk about Loan servicing processes such as Cash Management, Investor Accounting & Reporting, Document Custodianship etc. Also, this section of the course will talk about Loan Servicing Players such as Loan Servicers, Trustees, Paying Agents, Primary Custodians, Primary Collateral Trustee etc.
Last section of this course is the more exciting one. This section will throw light on Mortgage Secondary Marketing, who are all players, How the Securitization process is structured? What all the government sponsored entities are involved in securitization process? Which are called private conduits and their role in secondary market.
So, who are target audiences? This course is meant for someone who wants to build their career as a business analyst, product owner/manager for Mortgage products, This course is for someone who is interested in Mortgage Business as an investor or financier, This course is meant for academicians who wants teach on US Mortgage domain, This course is prepared for all the people who works in the are of US Mortgage, but do not have complete understanding of how the mortgage is originated and finally sold in the secondary market. This course is intended for anyone who is in finance domain.
So, at the end of this lesson, you will be able to understand the whole process of Mortgage production right from origination to selling them in secondary market, you will be able to answer all the questions related to US Mortgage, if you are investor in mortgage business, you will be much comfortable in your decisions since the decision you make will be informed decisions. If you are a product owner for a mortgage product, you will be enhanced with additional knowledge of mortgage.
4. Period of Consolidation
Offer
Guarantee
to Banks on
Loans
Born of
Fannie Mae
with help of
US Govt
2nd GSE born, as
an alternative
to Ginnie Mae
Low Interest
Loans for
Customers
Vietnam War
,Huge debt
on US govt
1st GSE born,
as an
alternative to
Fannie Mae
Depression
continued
even after
FHA Effort
5. Present Situation
Year – 2008
Subprime Crisis
Prominent Fin
Institutes – Filed
Bankruptcy
Fed Market
Restructuring
Started
New Laws
Introduced
(TRID)
New Loan
Products
Introduced
Stability in
Market
6. Mortgage
Fundamentals
• What is Mortgage?
• Mortgage Banking
Risks
• Types of Mortgages
• Mortgage Market
Entities
• Mortgage Banking
Value Chain
Mortgage
Production
• Process Flow
• Loan Processing
• Underwriting
• Closing & Funding
Mortgage
Servicing
• Cash Management
• Escrow Account
Management
• Loan Servicers
• Paying Agent
• Primary Custodian
Secondary
Marketing
• Players
• Processes
• Types of Sales
Mortgage Banking in a Nutshell
25. Secondary Marketing – Representative Example
Potential Home Buyer applies for a mortgage through a Lender,
Credit Union or even on-line. The lender decides whether to make
the loan or not. Lenders use automated underwriting to quickly
determine, which loans are fit for selling them in secondary market.
1
Borrower
Lender
1st Borrower
2nd Borrower
Lender
Mortgage Lender packages the loans it has made and sells those
loans to secondary market(Freddie Mac). The lenders uses the
proceeds of the sale to make a new loans to other home buyers.
2
Lender
Freddie Mac sells notes backed by the mortgage loans it has
purchased to securities investors. It uses the funds from the security
sales to purchase more mortgage loans from lenders across country.
3
26. Do you want to learn more about US Mortgage?,
click on the link below,
https://www.udemy.com/course/us-mortgage
PTO
