The study of Mortgage Banking takes in a wide variety of subjects, not only how to apply for a residential mortgage loan, but also all the behind the scenes activities that make the mortgage industry function. From the beginning of the loan process through the closing, and all the departments that help along the way. What is the role of the appraiser, or the secondary market, the title agent, or the hazard insurance agent? What is the role or the commercial banks in real estate finance? What about the regulations and how lenders and consumers are protected? Why is the process of obtaining a loan so lengthy and complicated? How can it be simplified? And what are the things that these peple and a dozen others are considering when they present and price their part in the process? For the novice just purchasing his first home, to the professional mortgage banker, Mortgage Banking and Residential Real Estate Finance has lessons for everyone involved in the lending process. Patrick Mansell, with 42 years as a Mortgage Banker and the prestigeous designation Certified Mortgage Banker, lays it all out in readable fashion for the layman or the professional.
