U.S. Residential Real Estate, Property & Mortgage Business
Property & Mortgage Underwriting | Loan Processing | Financial Analysis | Mortgage Operations | Origination
4.61 (2827 reviews)
9 814
students
4 hours
content
Apr 2025
last update
$84.99
regular price
What you will learn
Describe the real estate mortgage market, including how and why people finance properties with mortgages.
Explain the size and scope of the U.S. residential mortgage market.
List and discuss roles of the key players in the mortgage industry and the functions and roles they have.
Apply current and historic mortgage regulations to financial and credit underwriting of mortgage loans
Identify key mortgage types and describe the audience and markets for each.
Delineate the various residential property types, and the risks each has to the mortgage lender.
Articulate the financial and business terms and conditions related to mortgages, as well as the full meaning and importance of each.
Explain the full consumer mortgage underwriting lifecycle from the consumer, originator, underwriter and financier POVs, and each step along the way.
Conduct a borrower income analysis, read and understand credit history and reports, and evaluate the credit worthiness of a borrower.
Evaluate appraisals and asset valuations, and the appraisals and the appraisal process.
Explain titling and insurance, titling requirements and related title issues.
Use (and not be afraid of) the math, rates and calculations behind mortgage pricing.
Discuss mortgage metrics and be able to provide an overview of loan approvals and rejections.
Identify financial distress in mortgages, including early warning signs, foreclosure alternatives, and loss mitigation strategies.
You'll learn about loan servicing and servicing regulations.
Define securitization, learn why financial institutions securitize mortgages, and advantages and disadvantages of securitization to the issuer and investor.
Describe the mortgage securitization process, from origination, to packaging and to servicing a securitized portfolio of mortgages.
Understand what a mortgage backed security (MBS) is, how rating agencies are involved in evaluating MBS securitizations, and appreciate the complexities.
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Our Verdict
This Udemy course designed for both beginners and people in the middle of their journey does an excellent job breaking down complex topics related to US residential real estate, property & mortgage business. With over 9800 students and a high rating of 4.61, it boasts comprehensive coverage spanning from origination through securitization. Although certain areas could benefit from updated data or additional animated examples for better understanding, the instructor's deep subject matter expertise results in an engaging course. However, those looking for in-depth analytics and practical exercises will have to look elsewhere.
What We Liked
- Covers a comprehensive range of topics in the U.S. residential mortgage market, from origination to securitization
- High-level overview beneficial for those with little to no prior knowledge of U.S. mortgages
- Instructor's commanding subject matter expertise, including seamless and illuminating examples throughout the course
- Well-structured content, easy to follow, and explained in layman terms
Potential Drawbacks
- Lacks practical exercises for more hands-on learners, primarily descriptive focused on processes and documentation
- Certain sections need updating, such as market share of conventional vs. government insured loans and the HUD-1 statement
- Some slides could benefit from additional animated examples or graphs for better understanding
- Occasional video cut-offs or glitches affecting user experience
Related Topics
176722
udemy ID
04/03/2014
course created date
22/11/2019
course indexed date
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course submited by