Residential Mortgage Lending: Principles and Practices - Softcover

Dennis, Marshall W.; Pinkowish, Thomas

9780324187182: Residential Mortgage Lending: Principles and Practices

Softcover

ISBN 10: 0324187181 ISBN 13: 9780324187182

Publisher: South-Western, 2003

Designed for both employees of mortgage lenders and individuals studying real estate finance, Residential Mortgage Lending: Principles and Practices provides an overview of mortgage banking and outlines strategies that mortgage bankers can utilize to compete successfully in today's competitive business environment. While clearly explaining the fundamentals in an easy-to-understand manner, this edition has a new emphasis on the practical applications of residential mortgage lending making it an excellent resource for learning mortgage banking operations. No prior knowledge of finance or any part of mortgage lending is required.

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Review:

Part I: PRINCIPLES. 1. History. 2. Real Estate Law. 3. Role of Lending. 4. Mortgage Lenders. 5. Secondary Mortgage Market. Part II: PROGRAMS. 6. Conventional Mortgage Lending. 7. Government Lending. 8. Private Mortgage Insurance. 9. Construction Lending. 10. Equity Lending. Part III: PRACTICES. 11. Compliance. 12. Origination and Processing. 13. Underwriting. 14. Appraisals. 15. Closing. 16. Loan Administration. 17. Selling Loans. 18. Lending Strategies. Glossary. Index.

About the Author:

Thomas Pinkowish works in mortgage and consumer lending at the nation-al, state, and local level as a lender, educator, and consultant. Over his twenty-nine year career, Tom worked with regulators, government agen-cies, thrifts, community banks, credit unions, and national trade associa-tions, as well as local and national mortgage companies. As an educator, Tom served for fifteen years as Director of the National Mortgage Institute and Community Lending Institute for the American Bankers Association and America's Community Bankers. He serves as a Director for the Connecticut Mortgage Bankers Association and is its Edu-cation Committee co-chair. He also is a consultant with the Nationwide Mortgage Licensing System (NMLS) in the mortgage education and testing area. Tom has twenty years of experience designing and teaching courses for hundreds of bank, credit union, and mortgage banking employees, as well as their state and federal regulators. As a lender and consultant, Tom worked in lending and compliance with lenders ranging from $11 million to $70 billion in assets. He held management positions in: residential and consumer lending; secondary marketing; loan servicing; compliance; and operations. In addition to managing lend-ing departments and staff, Tom's experience includes: underwriting in over 31 states; integrating mortgage banking operations into community banks; redesigning loan origination and servicing departments; and developing policies, procedures, and operations for residential, consumer, construc-tion, income property, and secondary market lending. Tom is a corporator for a CT community bank, a 1998 graduate of America's Community Bankers' National School of Banking and a 1992 honors graduate of the Connecticut School of Finance and Management. He published several articles individually and co-authored with Marshall Dennis the industry standard textbook, Residential Mortgage Lending, 5th edition (Copyright 2003).

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