This edition was revised to include information regarding new CFPB mortgage rules (under Reg Z, Reg B, and Reg X) effective as of January 2014.
This updated reference module lays out the key features of mortgage loans and their importance as a credit union service. If you are new to the mortgage lending field, this module will provide you with the basic skills and fundamental knowledge to perform your role effectively. You’ll discover where your responsibilities fit into the mortgage process and learn important terminology before delving into the nuances of the loan application process and the regulatory requirements involved.
If you don’t work directly with mortgage loans, this module will give you a broad base of knowledge about the function of mortgage loans and their significance as a credit union service. After completing the module, you’ll have the know-how to confidently refer your members to mortgage loan professionals at your credit union – and even determine whether or not to pursue a career in mortgage lending yourself.
View a full list of updates included in this edition. Access them here.
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This is a CUNA STAR course.