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Estimated Length: 2 hours
Cost: $45.00 (USD)
Credits: 2
Enrollment Valid For: 12 months
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Description
2 Credits.
The major lien disclosed on the county level is a mortgage. A mortgage is a limited conveyance of real property, the purpose of which is to create a security interest for an underlying debt, usually a mortgage note. Understanding the mortgage, how it is recorded, and how to remove it from the record is a core understanding of the Title Insurance industry.
The Course covers:
- Mortgage Basics
- Recording Requirements
- Descriptions
- Types of Mortgages
- Reverse Mortgages
- Construction Loans
- MERS
- Getting Mortgages off Record
- Mortgage Payoffs
- Policies
- Endorsements
- Mortgage Modifications
- Notices of Settlement
- Subordinations
- Closing out Lines of Credit
Objectives
Upon completion of this course the learner will be able to
- Describe how to record a mortgage
- List the types of Mortgages
- Get a Mortgage off Record
- Identify Mortgage Policies
- Identify Mortgage Endorsements
- Complete a Notice of Settlemenmt