Advanced Search

Training Catalog: Course Description

Graphic Course: Web Conference TrainingConstruction Conversion and Renovation Mortgages Graphic
       
  Description:    
  Attend this 90-minute interactive webinar to get the information you need to originate and document Construction Conversion and Renovation Mortgages. This session will provide an overview of transaction and documentation requirements for the permanent mortgage replacing interim construction financing. This offering benefits borrowers preparing for construction conversion and those in need of home renovation funds.  
       
  Prerequisites:  
 
  • A basic understanding of Loan Product Advisor functionality is recommended
  • Course materials will be e-mailed to attendees prior to the start of the session
 
       
  Objectives:    
  Gain an understanding of the requirements surrounding Construction Conversion and Renovation Mortgages as outlined in Chapter 4206 of the Guide.  
       
  Topics:  
 
  • Define Construction Conversion and Renovation Mortgages
  • Understand how to structure the Permanent Financing
  • Calculation of value (LTV/TLTV/HTLTV)
  • Underwriting and Loan Product Advisor requirements
  • Additional resources to get you started



Session times show Eastern Time zone