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LOAN ORIGINATION & QUALITY CONTROL, RELE 1324

COURSE MASTER SYLLABUS

FINANCIAL MANAGEMENT DEPARTMENT

 

 

 

 

CIP CODE AREA: 52.1501

COURSE LEVEL: Introductory

COURSE NUMBER: RELE 1324

COURSE TITLE: Loan Origination & Quality Control

CREDIT HOURS: 3; Lecture Hours: 3: Lab Hours: 0

PREREQUISITE: None

METHOD OF PRESENTATION: Three-hour lecture/discussion each week.

 

COURSE DISCRIPTION:
RELE 1324 LOAN ORIGINATION AND QUALITY CONTROL (3-3-0). An introduction to the mortgage loan application process. Topics include regulatory compliance and documentation; real estate contracts; the mortgage application process, interview techniques; credit, income and property qualification, quality controls and procedures.  Skills: R (FNM 1213)

 

REQUIRED TEXTBOOKS/ MATERIALS:

 

ISBN

Title

 

Publisher

Author

0324187181

Residential Mortgage Lending (5th edition)

TX

Southwestern

Dennis & Pinkowish

 

 

SCANS (SECRETARY’S COMMISSION ON ACHIEVING NECESSARY SKILLS):

 

Course SCANS Competencies for Loan Origination & Quality Control, RELE 1324

Please go to http://www.austincc.edu/mkt/scans.htm#whatis for a complete definition and explanation of SCANS.  This list summarizes the SCANS competencies addressed in this particular course.

 

 

SCANS Competencies For RELE 1324

RESOURCES

(None for this course)

 

INTERPERSONAL

(None for this course)

 

INFORMATION

3.1 Acquires and Evaluates Information

3.2 Organizes and Maintains Information

3.3 Uses Computers to Process Information

 

SYSTEMS

4.1 Understands Systems

 

TECHNOLOGY

(None for this course)

 

 

BASIC SKILLS

6.1 Reading

6.3 Arithmetic

6.5 Listening

 

THINKING SKILLS

7.3 Problem Solving

 

PERSONAL QUALITIES

8.5 Integrity/Honesty

 

 

 

INSTRUCTIONAL METHODOLOGY:


See specific instructor’s syllabus

 

COURSE RATIONALE:

 

The purpose of this course is to prepare the student to understand the dynamics of origination of real estate loans. This course can be one of several to prepare the individual to become more aware of all the aspects of the mortgage banking industry.

 

This course will help students to develop the understanding and skills necessary to become more effective loan processor. This course integrates all aspects of understanding the federal regulations documentation required and the processing of real estate loans. It incorporates the overview of financial institutions and markets, both public and private that are involved in the mortgage banking industry. Various techniques and tools will be reviewed, as will the understanding the importance of properly completion of these legal documents.

 

Loan origination is not just about textbook learning; it challenges the student to use their critical and creative skills in all aspects of insuring real estate transactions are complete with accurate and properly executed documentation that will satisfy the mortgage banking industry and not just those covered in the text. The student will learn how to apply the knowledge and skills learned in this course to real world situations.

 

COMMON COURSE LEARNING OBJECTIVES/OUTCOMES:

 

1.                    Complete a mortgage loan application and explain the process to a client

2.                    Run preliminary pre-qualifying ratios from a loan application for each loan program

3.                    List documentation required for developing a mortgage loan package

4.                    Identify the lending guidelines for credit, come, and property qualifications

5.                    Identify alternative mortgage instruments

6.                    Chapter objectives that appear in the textbook

 

GRADING SYSTEM:


Your instructor will provide specific information about how you will be graded in this course.

 

COURSE POLICIES:

 

Departmental policies for Incompletes, Attendance, and Withdrawal are as follows:

 

Incomplete Policy:  An incomplete (I) will be granted to a student in rare circumstances. Generally, to receive a grade of I, a student must have completed all examinations and assignments to date, be passing, and have personal circumstances that prevent course completion that occur after the deadline to withdraw with a grade of W.

 

Attendance Policy:  All students are expected to attend classes.  Non-attendance will have an impact on the student’s grade.

 

Withdrawal Policy:  It is the student’s responsibility to withdraw from a course.  Instructors are allowed to withdraw students but students must not rely on their instructor to withdraw them if they wish to withdraw.

 

Austin Community College policies for Academic Freedom, Scholastic Dishonesty, Student Discipline, and Students with Disabilities are as follows:

 

Academic Freedom Statement:  Each student is strongly encouraged to participate in class. In any classroom situation that includes discussion and critical thinking, there are bound to be many differing viewpoints. These differences enhance the learning experience and create an atmosphere where students and instructors alike will be encouraged to think and learn. On sensitive and volatile topics, students may sometimes disagree not only with each other but also with the instructor. It is expected that faculty and students will respect the views of others when expressed in classroom discussions.

 

Scholastic Dishonesty Statement: Acts prohibited by the College for which discipline may be administered include scholastic dishonesty, including but not limited to cheating on an exam or quiz, plagiarizing, and unauthorized collaboration with another in preparing outside work. Academic work submitted by students shall be the result of their thought, research or self-expression. Academic work is defined as, but not limited to tests, quizzes, whether taken electronically or on paper; projects, either individual or group; classroom presentations, and homework” (see Student Handbook). Penalties for scholastic dishonesty will depend upon the nature of the violation and may range from lowering a grade on one assignment to an F in the course and/or expulsion from this institution.

 

Student Discipline Statement:  Classroom behavior should support and enhance learning. Behavior that disrupts the learning process will be dealt with appropriately, which may include having the student leave class for the rest of that day. In serious cases, disruptive behavior may lead to a student being withdrawn from the class. ACC's policy on student discipline can be found in the Student Handbook.

 

Students with Disabilities Statement: Each ACC campus offers support services for students with documented physical or psychological disabilities.  Students with disabilities must request reasonable accommodations through the Office for Students with Disabilities on the campus where they expect to take the majority of their classes. Students are encouraged to do this three weeks before the start of the semester” (see Student Handbook).

 

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