School of Mortgage Banking

Vermont Mortgage Bankers Association

Course I

An Introduction to Residential Mortgage Lending

Sponsored by

AND

GREEN MOUNTAIN VALUATION

Wednesdays, October 12 - December 14, 2005, 1 - 4 PM*

St. Michael's College, Colchester, VT

Take one class, several, or complete the entire course!

• Nine week course, three or four hours per week.

• Professional instructors with proven experience.

• Low investment, high return!

• Give the gift of education! Gift certificates available.

• Looking for a career change? Boost your efforts.

*Classes on 10/19, 10/26 , 11/02 and 11/30 will run 1 - 5 pm

Program

The first of two certificate courses in the School of Mortgage Banking, this nine-week course is held one afternoon a week, featuring discussions and lectures by experienced professionals in the residential mortgage lending field.

Who should attend

• Those who want a career in the Mortgage Industry-—whether in sales or support.

• Those who would like to take the next step in their mortgage career.

• Realtors® who would like to become more educated about the financing process.

Staff

Each class instructor is a respected expert in their profession, and has a minimum of five years of field experience. For a staff list and biography information, click here.

Location & Directions

Classes will be held at St. Michael's College, Colchester in the Tarrant Student Recreation Center "Hall of Fame" room. Parking is available in the front of the building.

Bear right off exit 15, I-89. At first set of lights turn left into campus, bear left toward the Ross Sports Center. Parking is available in front of the building. Enter through the sports center's doors, the "Hall of Fame" room is immediately on your left. See the Campus Map.

Student Evaluation

"An Introduction to Residential Mortgage Lending" is graded pass/fail. Your grade consists of prompt attendance, class participation, and a final take-home exam. A certificate of completion will be provided to all graduates.

Refund Policy

Refund of 50% after the first class; no refund thereafter. Cancellation for single class registrations must be received 72 hours prior to the event to receive a refund. Pre-registered no-shows will be billed.

Curriculum

Class Descriptions

Curriculum
Course I

Class 1	October 12 1p - 4p
	Overview of Mortgage Lending
	History and Role of Mortgage Lending in the Economy
	Mark Severance, Summit Financial Center

	Rate Sheets, Products and Programs
	Ed Levite, LibertyQuest Mortgage

Class 2	October 19 1p - 5p
	Processing Conventional Mortgages
	Private Mortgage Insurance
	Allen King, MGIC

Class 3	October 26 1p - 5p
	Originating the Loan File
	Products & Qualification
	Sales Strategies
	Paula VanDenBerghe, UGIC

Class 4	November 2 1p - 5p
	Compliance and Documentation
	Gordon Raymond, Chittenden
	Lauri Lydecker, Chittenden
	Part I - Fair Lending
	Part II - Disclosures and VT State Regulatory Highlights

Class 5 November 9 1p - 4p
	Understanding the Credit Report
	Nancy Johnston, CBC Innovis

Class 6	November 16 1p - 4p
	Underwriting Conventional Mortgages
	Kellie Stoll, Chittenden Bank

* no classes November 24

Class 7	November 30 1p - 5p
	Overview of FHA, VA, Rural Housing and VHFA
	Marilyn Morin, Universal Mortgage Corp.
	Brandi Russin, VHFA
	Mike Bard, Rural Development

Class 8	December 7 1p - 4p
	Residential Real Estate Appraisal & Underwriting the Appraisal
	Guy Andrews, CMA Appraisals
	Brendan Browne, MGIC

Class 9	December 14 1p - 4p
	Closing the Real Estate Loan
	Fundamentals of Real Estate Law
	Hal Miller, First American Title Insurance Co.
	Jim Knapp, Stewart Title Insurance Co.

Tuition and Registration

Students may register for the entire nine-week course or for individual classes. Attendance is limited to 35 people and is on a first-come/first served basis with priority given to students who enroll in the entire nine-week course. Registration deadline for the complete course is Wednesday, October 5 and for the individual classes, the Friday before the class.

Tuition

This course is tax deductible as professional/vocational education.

9-week course

$250 VMBA Members

$300 Non-members

Individual Classes

$40 per class, VMBA members

$60 per class, non-members

Registration

Name(s)

E-mail

Company

Address

City, State, Zip

Telephone

9-week Course Registration Members $250 Non-members $300

Members at $40 per class. Non-members at $60 per class.

Please check classes you are registering for: 1 2 3 4 5 6 7 8 9

Amount of payment $ Make checks payable to VMBA. See cancellation policies at left.

Check being mailed Or charge to Visa Mastercard

Account No.: ______________________________________________________

Expiration date: ____________________________________________________

Cardholder name: ___________________________________________________

Cardholder signature: ________________________________________________

Credit card payments will not be accepted over the web for security reasons. You can mail in the information or call the office at 879-0334.

Mail payment to:

VMBA, P. O. Box 8503, Essex, VT 05451

For more information call the VMBA/Virtual office at 802 879-0334 or e-mail to contact@vermontmba.com.