This book is organized into three parts: Principles, Programs, and Practices, building on the basics to the actual practice of residential lending. No prior knowledge of finance or mortgage lending is needed. As the last decade was a period in which the United States economy and its mortgage industry slowly transitioned out of the Great Recession and into a period of recovery and expansion, significant updates have been made to show where we’ve been and where we are today.
- New discussion on living trusts, appraisal management and current issues, mortgagor’s title insurance policy, and loss mitigation
- The addition of more than 84 new charts and graphs to illustrate the main points
- A comprehensive case study for the practice of mortgage lending by using a unified set of origination, processing, underwriting, and closing forms that lenders actually use.
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