RC_LA_SS_300.1 Special Loan Basics
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| Option | Price |
| Member | $50.00 |
| Non-Member | $100.00 |
Special loan programs offer prospective mortgagors an alternative to the traditional fixed-rate loan. The terms of these loans are generally more complicated and tailored to specific circumstances, which makes servicing them interesting and challenging.
In Special Loan Basics, you will learn about the history of special loans, their place in mortgage banking today, and the difference between special loan programs, products, and features. This course will also explore the Servicemembers Civil Relief Act (SCRA) loan program for servicemembers.
The course will wrap up by reviewing some of the important considerations involved with servicing special loans and discuss the advantages, disadvantages, and risks associated with this area of the business.
This is a single-family/residential course.
Topics:
Seat time approximately 30 mins.
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