REAL 84 - Mortgage Brokering/Lending in California
REAL 84
3 units
Mortgage Brokering/Lending in California
54 hours lecture
Recommended Preparation: REAL 80.
Grading: letter grade.
Description
This course covers an introduction to mortgage brokering operations and orients students toward a career in the field. Topics covered include types of loans, loan processing, lending regulations, underwriting, loan submission, quality control, understanding credit information, loan packaging, and loan documents.
Transferability
Transferable to CSU Only
Identifiers & Codes
Department: Business Administration & Economics
School: Business, Education, and Health Sciences
Academic Level: Undergraduate
TOP Code: 051100 - Real Estate
CTE Status: Yes
SAM Code: C - Clearly Occupational
CIP Code: 52.1501 - Real Estate.
Class Size Max, Units, Hours
Class Size Maximum: 40
Lecture Hours: 3
Credit Units: 3
Requisites & Limitations on Enrollment
Catalog Information
Grade Mode: Letter Grade
Is the course repeatable? No
Student Learning Outcomes & Course Objectives
Student Learning Outcomes:
- 1. Analyze and compare the licensing requirements and duties of various career positions in the mortgage loan brokerage field.
- 2. Evaluate a borrower's income, credit, assets, and personal needs to help select an appropriate loan program.
- 3. Evaluate and prepare documents commonly used in the origination, processing, closing, and servicing of real estate loans.
Course Content
Methods of Instruction & Active Learning
Assignment for In and Out of Class
Methods of Evaluation
Diversity, Equity, Inclusion, Accessibilty
Representative Textbooks and Materials
Representative Textbook: California Mortgage Loan Brokering Lending. D.L. Grogan. 4th. Edition. Cengage/South-Western. 2011. *This subject undergoes very little change over time, which is why there are no newer publishing dates.