ICBA - Education - BanKnology — The Fundamentals of Lending

BanKnology — The Fundamentals of Lending

The Fundamentals of Lending is a "hands-on" workshop course in print. Lectures cover all conceivable questions that a new or seasoned veteran may have regarding mortgage lending. Upon completion the employee will gain the knowledge/skills necessary to support the entire loan approval process; whether that be as bank secretary, loan processor/packager, credit cleark, loan officer or underwriter.

The 750 page manual builds on knowledge gained culminating with the final exercise where a complete borrower's loan file is analyzed. The trainee is exposed to every conceivable problem that may be encountered. The trainee must dig for information, justify their findings and fomulate an opinion. Through this process the employee will gain a better understanding of mortgage lending, their assigned job and how it interacts with various departments for the overall success and profitability of the financial institution. This is NOT merely a training manual on underwriting. It addresses the complexity of mortgage lending.

Covered in the manual:

  • History of Banking
  • Federal Deposit Insurance
  • Conventional Mortgage Loans
  • Reverse Mortgage Loans
  • VA/FHA Loans
  • Down Payment Assistance Loans
  • Auto, Boat and RV Loans
  • Leases
  • Federal Regulatory Acts: (Reg Z, RESPA, CRA, FIRREA, CCPA, FCRA, FDCPA, ERCA, the Fair and Accurate Credit Transaction Ace (FACTA) and the Servicemember's Civil Relief Act)
  • Deeds, Notes and Contracts
  • Income and Expense Statement (P&L)
  • Acceptable Accounting Practices
  • How a Business is Organized (Single Proprietorship, Partnership & Corporation)
  • Amortization
  • Real Estate Property Ownership
  • Appraisal Principles
  • Escrow/Loan Closing
  • Property Taxation
  • Construction Lenidng
  • Identity Theft
  • Credit Scoring
  • Percentages & Fractional Math Problems
  • Making a Credit Decision
  • Meaning articles contributed by leading guest authors
  • Glossary of Banking Terms and Definitions

Written by Rich Bode

Product Price*    
Instructor Manual $49/149 Order Online

Participant Manual

* ICBA Member/Non-Member

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