Banking (BANK)



102 Mortgage Brokerage and Banking - 4 hours lecture, 4 units (Grade Only)

Advisory: English 48, English 49 and Mathematics 46, each with a grade of “C” or better, or equivalent or Assessment Skill Levels R5, W5 and M40.
This course is an introduction to the mortgage brokerage and banking industry. Students learn the history, concepts, vocabulary, loan products and product flow of the mortgage banking industry, and the functions of the many participants in a loan transaction. Other topics include information on the state of the economy and how it affects real estate lending and the secondary markets. In addition, the legal and financial impacts of fraud within the industry are discussed. Throughout the course, emphasis is placed on the importance of follow-through, quality customer service, and ethics as they relate to the mortgage brokerage and banking industry. Course content relates specifically to California regulations. This course is intended for students interested in real estate, banking, and finance. (FT) AA/AS; CSU.

104 Principles of Loan Processing - 4 hours lecture, 3 hours lab, 5 units (Grade Only)

Advisory: Completion of or concurrent enrollment in Banking and Finance 102 with a grade of "C" or better, or equivalent.
Limitation on Enrollment: This course is not open to students with previous credit for Banking and Finance 202.
This practical, hands-on course teaches the basics of loan processing from application to submission; applicable laws; qualifying and preliminary tax analysis; ways to detect fraud; and how to obtain sufficient documentation to satisfy the underwriters. Additionally, students will learn the importance of setting time priorities, quality customer service, follow-through, and ethics as they relate to the mortgage brokerage and mortgage banking industry. Course content relates specifically to California regulations. AA/AS; CSU.

106 Loan Underwriting - 5 hours lecture, 5 units (Grade Only)

Advisory: Completion of or concurrent enrollment in Banking and Finance 104 with a grade of “C” or better, or equivalent.
Limitation on Enrollment: This course is not open to students with previous credit for Banking and Finance 205.
This course introduces students to FHA, VA, conventional, and other loan underwriting; identifies where underwriting fits into the mortgage process; outlines its components, risks, comparative state laws, rules, and regulations; covers appraisal review and analysis of key areas; and emphasizes both quality control and the fundamental importance of ethics in loan underwriting. Course content relates specifically to California regulations. (FT) AA/AS; CSU.

108 Principles of Loan Closing - 3 hours lecture, 3 hours lab, 4 units (Grade Only)

Advisory: Banking and Finance 106 with a grade of "C" or better, or equivalent.
This course provides an analysis of loan documentation, including investor requirements, and the steps required to smoothly close a loan. Other topics include escrow and its function; title insurance and its function; the interaction between escrow and title companies; loan guarantees and insurance; lock requirements and conditions; loan shipping; review of loan documents; and the fundamental importance of ethics as it pertains to loan closing. Course content relates specifically to California regulations. This course is intended for students interested in real estate, banking, and finance. (FT) AA/AS; CSU.