About This Course

Inclusiv's Fundamentals of High-Impact Mortgage Lending course teaches credit union staff and board members about the basic concepts underlying mortgage lending programs, including topics such as risk pricing, alternative credit standards, third-party origination and servicing, secondary markets, and financial counseling. 

This course is a totally self-paced alternative to the instructor-led High-Impact Mortgage Lending course. You will have 180 days to progress through the 5 modules, designed and produced by the Inclusiv team and punctuated with quizzes to assess your learning. There is no real-time or hands-on element to this course -- check out High-Impact Mortgage Lending for those benefits! 

Who Should Register

The Fundamentals training is best for: 

  • New mortgage loan officers (or processors/servicers)
  • Credit union board members
  • Credit union staff whose institutions do not have an existing mortgage program

If your credit union has an established mortgage program or you are a decision-maker interested in hands-on support for developing new loan products, we recommend you instead consider the High-Impact Mortgage Lending course.

Note: 

  • This course covers the basics of inclusive mortgage lending and gives some guidance on how to develop products, but will not guide you through the process of starting a mortgage process from scratch
  • The course will NOT meet NMLS training requirements 
  • This course will NOT cover compliance issues in-depth.


Gain New Skills

In this training course, participants will:  

  1. Define the basic components of mortgage lending programs, such as property types, mortgage types, underwriting basics, and risk pricing.
  2. Identify the opportunities, stakeholders and actors involved in the implementation of a high-impact mortgage lending program in a CDCU.
  3. Describe appropriate processes to review alternative documentation in compliance with regulatory frameworks.
  4. Describe the key steps of full-cycle mortgage lending, including servicing, origination, and portfolio management.
  5. Describe auxiliary concepts including credit enhancements, financial counseling, and secondary market options.  

Tuition

Inclusiv members receive a 40% discount on courses. Members with assets under $100M receive additional discounts. This course is designed for a 2-person team from each participating lender. Discounted pricing is available for team enrollment, please contact [email protected] for more information.

Subject Matter Expert

Bob Mundy

Director, Inclusiv Mortgage

A seasoned professional in the mortgage industry, Bob Mundy has dedicated nearly 30 years to helping clients realize their homeownership dreams. A proud native New Yorker, Bob began his career as a loan officer, gaining invaluable experience at several brokerage houses in New York City. In a significant milestone, he co-founded The Mortgage Department, LLC, a Third-Party Origination (TPO) company that partnered with a variety of Credit Unions across the region, including notable institutions such as Actors FCU, NBC Employees FCU, NY Times Employees FCU, NYU FCU, and Neighborhood Trust FCU. In 2013, Bob was appointed by Actors FCU to spearhead their Mortgage Program, successfully launching their inaugural in-house initiative. His expertise led him to Inclusiv in 2015, where he initially served as an underwriting consultant. By 2020, he transitioned to an in-house role, where he played a pivotal part in establishing Inclusiv Mortgage as a leader in high-impact lending. His efforts provided Inclusiv Member Credit Unions with essential secondary market access, along with comprehensive guidance and training. In addition to his mortgage expertise, Bob is a licensed Real Estate Salesperson, having worked on both coasts. He currently holds his New York license with Compass, further enhancing his ability to serve clients in the dynamic real estate landscape.

Course curriculum

  1. Module 0: Introduction and Your "Why"

  2. Module 1: Mortgage Basics, Rates, and Pricing

  3. Module 2: Alternative Credit Standards & the Borrowers They Serve

  4. Module 3: Servicing, Third-Party Origination & Mortgage Portfolio Management

  5. Module 4: Secondary Market and Loan Participations

  6. Module 5: Financial Empowerment for Homeownership

About this course

  • Non-member price: $600
  • Member price: $360
  • Additional discounts available for small CUs and groups

  • Open to:

    Any credit union staff or board member interested in learning more about inclusive mortgage lending.

  • Participant limit:

    Organizations can send as many individuals as they would like. Contact [email protected] for details about group discounts.

  • Language:

    Offered in English.