List of Available Courses
- CHARTERED MORTGAGE BROKER
- Chartered Mortgage Administrator
- Chartered Mortgage Backed Securities Analyst
- Chartered Mortgage Lender
A Mortgage broker is an intermediary who brings mortgage borrowers and mortgage lenders together, but does not use its funds to originate mortgages. A chartered mortgage broker a professional who brokers mortgage loans on behalf of individuals or businesses.
A couple of years ago, in other to get a loan for a house or something expensive, you had to work into a bank to have a cosy chat with the manager, but these days people have lost faith in the bank, because all the time they are not given the right advice and process to get a loan is very tedious, making the wrong choice about your mortgage can cost you hundred- even thousands of naira more than you need to pay “and because mortgages are awash with additional fees and charges, it’s all too easy to get ripped up, that’s why it makes a lot of sense to go with a mortgage broker or become a professional.
A mortgage administrator is responsible for updating loan information on the administration system and assisting with preparation of welcome packages and supporting the department required. A chartered mortgage administrator is responsible for performing specific function of the mortgage life cycle and related products. These functions are required to maintain a performing mortgage asset and ensure customer satisfaction.
Mortgage – backed securities are investments somewhat similar to stocks, bonds or mutual funds. Their value is secured or backed by the value of an underlying bundle of mortgages. When you buy a MBS, you aren’t buying the actual Mortgage, instead you are buying a promise to be paid the return that the bundle will receive. An MBS is a derivative because its value is derived from the underlying Asset.
A person or company that loans money and takes a security interest in real property. The lender can provide more than just real estate loans, but it is referred to as the mortgage lender when someone is talking about a real estate loan.