RE 207 — F Mortgage Loan Brokering in California 3 Units
54 hours lecture per term. This course covers the aspects of mortgage brokering operations. Topics include understanding the history of the mortgage loan brokerage business; developing and marketing your own mortgage loan brokerage business; developing a business plan; selecting the proper loan for a prospective borrower; understanding and completing Federal Truth in Lending compliance and disclosure reports; pre-qualifying prospective borrowers; completing a loan application package; calculating an underwriting worksheet and identifying potential "Red Flag" lending problems. NOTE: This course fulfills the educational prerequisite for California state licensing requirements. (Degree Credit) (CSU)