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Mortgage Classes with Courses Overview

Mortgage programs may be offered as a single course or culminate in a certificate, diploma or associate's degree in mortgage banking, real estate, mortgage finance or mortgage lending. Some courses can lead to or prepare students for state-mandated licenses for those positions that require them. Continue reading for detailed information about common course topics.

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Essential Information

Mortgage courses provide instruction for aspiring professionals who want to work on the mortgage side of the real estate or banking field. Career options for graduates of mortgage classes and programs include mortgage banker, mortgage broker, loan originator, retail banker or property manager. Courses can be taken in a classroom or online, and some online courses are designed for self-study. Pre-licensure education programs consist of various combinations of credit hours from individual courses.

Here are some common concepts taught in mortgage classes:

  • Preparing, processing and reviewing
  • Financial services
  • Land contracts and property
  • Federal law and regulations
  • Real estate
  • Underwriting
  • Predatory lending
  • Privacy and security

List of Courses

Mortgage Lending

Introductory mortgage classes focus on the roles of primary and secondary mortgage markets, mortgage banking firms, institutions and agencies in the real estate finance industry. Students may be introduced to different loan products, underwriting and mortgage marketing. Mortgage lending classes provide students a foundational understanding of loss mitigation, lending laws and real estate laws.

Mortgage Banking

This mortgage class focuses on the role banking institutions play in the real estate financial market. Long-term planning in mortgage banking is generally reviewed, in addition to the relationship between a bank's operating policies and its profitability. Students learn how to determine property values, finance residential real estate and anticipate potential loan volumes. Additionally, mortgage students may complete group projects in which they're presented with various mortgage transaction scenarios, developing decision-making skills in the process.

Mortgage Law

Students enrolled in this class gain a perspective on mortgage transactions as the legal transfer of property. Mortgage payments, use of mortgage substitutes and consequence of failed mortgage payments are discussed from a legal standpoint. Students review topics such as foreclosure, title legislation, fair housing laws, mortgage acceleration clauses and security interest seizures. Federal laws applicable to home mortgage laws and specific mortgage terms are also generally reviewed.

Consumer Protection and Ethics

The Truth in Lending Act, Fair Housing Act, Real Estate Settlement Procedures Act and Equal Credit Opportunity Act are usually explored in this course. Mortgage students also learn about calculating annual percentage rates and federal laws pertaining to mortgage lending. Recent acts, including the Housing and Economic Recovery Act, and changes in the Good Faith Estimate may be examined. Instruction additionally covers ethical considerations and federal laws applicable to bank, mortgage company and client dealings.

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