1. US Mortgage – Introduction
Learn A to Z of Mortgage Life Cycle

2. Source:

3. Chronological Events
Source:
Orchestrate

4. Period of Consolidation
Offer
Guarantee
to Banks on
Loans
Born of
Fannie Mae
with help of
US Govt
2nd GSE born, as
an alternative
to Ginnie Mae
Low Interest
Loans for
Customers
Vietnam War
,Huge debt
on US govt
1st GSE born,
as an
alternative to
Fannie Mae
Depression
continued
even after
FHA Effort

5. Present Situation
Year – 2008
Subprime Crisis
Prominent Fin
Institutes – Filed
Bankruptcy
Fed Market
Restructuring
Started
New Laws
Introduced
(TRID)
New Loan
Products
Introduced
Stability in
Market

6. Mortgage
Fundamentals
• What is Mortgage?
• Mortgage Banking
Risks
• Types of Mortgages
• Mortgage Market
Entities
• Mortgage Banking
Value Chain
Mortgage
Production
• Process Flow
• Loan Processing
• Underwriting
• Closing & Funding
Mortgage
Servicing
• Cash Management
• Escrow Account
Management
• Loan Servicers
• Paying Agent
• Primary Custodian
Secondary
Marketing
• Players
• Processes
• Types of Sales
Mortgage Banking in a Nutshell

7. US
Mortgage
Life Cycle
Business Analyst Product Owner
Project Manager
Mortgage
DOmain

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9. Mortgage Basics – Mortgage, Mortgage
Banking & Risks
Learn A to Z of Mortgage Life Cycle

10. Mortgages
Home
Multi-
Family
Commer
-cial
Farm
Mortgages

11. Mortgage Banking

12. Mortgage Banking Risks
CreditRisk
InterestRateRisk
PriceRisk
TransactionRisk
Liquidityrisk
ComplianceRisk
StrategicRisk
ReputationRisk

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14. Mortgage Production – Introduction
Learn A to Z of Mortgage Life Cycle

15. What is Loan Production?
Scope of Loan Production
Loan ServicingLoan Production
Secondary Marketing
Life of Loan

16. Loan Production - Process Flow
Borrower
Loan
Origination
Loan
Processing
Loan
Underwriting
Loan
Closing

17. Loan
Origination
Loan
Processing
Loan
Underwriting
Loan Closing
& Funding
Loan
Origination
Stages of Loan Production

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20. Mortgage Servicing – An Introduction
Learn A to Z of Mortgage Life Cycle

21. Mortgages
Customer
Service
ESCROW
Management

22. Cash Management
Document Custodianship
Quality Control
Customer Service
InvestorAccounting
&Reporting
External Agencies
Mortgage
Payments Loan Payoff
Loan Setup
Delinquency
Management
Escrow
Admin

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PTO

24. Mortgage Secondary Marketing – An
Introduction
Learn A to Z of Mortgage Life Cycle

25. Secondary Marketing – Representative Example
Potential Home Buyer applies for a mortgage through a Lender,
Credit Union or even on-line. The lender decides whether to make
the loan or not. Lenders use automated underwriting to quickly
determine, which loans are fit for selling them in secondary market.
1
Borrower
Lender
1st Borrower
2nd Borrower
Lender
Mortgage Lender packages the loans it has made and sells those
loans to secondary market(Freddie Mac). The lenders uses the
proceeds of the sale to make a new loans to other home buyers.
2
Lender
Freddie Mac sells notes backed by the mortgage loans it has
purchased to securities investors. It uses the funds from the security
sales to purchase more mortgage loans from lenders across country.
3

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