0001 Introduction to Commercial Mortgage Brokering - ONLINE with Certificate

0001 Introduction to Commercial Mortgage Brokering - ONLINE with Certificate
Product Code: 001RICB
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Introduction to Commercial Mortgage Brokering – ONLINE

Once you purchase the course you have immediate access to the course.

You have immediate access to your instructor as well as access to the several video tutorials, self marking quizzes, and other invaluable online resources all designed to assist you in understanding the material and preparing you for brokering commercial mortgage transactions.

Certificate

Once you have completed the course you will be able to download and save or print your Certificate of Completion, which is suitable for framing!

Description
The commercial mortgage transaction is often viewed as a complex, mysterious transaction that is solely the realm of those with vast experience in the commercial mortgage market; and with good reason. It is a complex transaction. It does not, however, have to be mysterious.   “An Introduction to Commercial Mortgage Brokering” is designed to shed light on a type of transaction that is typically performed by mortgage agents/brokers who specialize in commercial mortgages.

Length: Approximately 5-6 hours

Topics Include:

  1. Module One:  Overview of the Commercial Mortgage Market

        Learning Outcomes

        Successful understanding of the concepts presented in this chapter will enable you to:

  • Describe the size and scope of the commercial mortgage market
  • Discuss the income potential in a commercial transaction
  • List and describe the different types of commercial properties
  • List and describe the key participants in a commercial transaction
  • Describe the key differences between the commercial mortgage market and the residential mortgage market
  • List the steps in a typical commercial mortgage transaction
  1. Module 2: The Application       

Learning Outcomes

Successful understanding of the concepts presented in this chapter will enable you to:

  • Complete a mortgage checklist
  • List the information required to be obtained from a potential borrower
  • Understand the purpose of a Letter of Engagement
  1. Module 3: Application Analysis – Income and Appraisal

Learning Outcomes

Successful understanding of the concepts presented in this module will enable you to:

  • Describe how Financial Statements are used in the underwriting process
  • Understand the importance of the Net Operating Income (NOI)
  • List what is included when calculating the NOI
  • List what is excluded when calculating the NOI
  • Use the NOI and the Rate of Return to determine value
  • Identify a commercial appraisal
  1. Module 4: Application Analysis – Ratios

Learning Outcomes

Successful understanding of the concepts presented in this chapter will enable the learner to:

  • Define the DSCR
  • Understand the importance of the DSCR
  • Calculate the DSCR
  • Determine the maximum loan amount using the DSCR and the LTV
  1. Module 5: Application Analysis – Credit

Learning Outcomes

Successful understanding of the concepts presented in this chapter will enable the learner to:

  • Differentiate between the credit report a consumer receives and the report an Agent/Broker receives
  • List the main credit bureaus in Canada
  • Interpret and analyze a credit report
  • Explain the components of a credit score
  • Recognize a Dun & Bradstreet commercial credit report
  1. Module 6: Application Analysis – Environmental Assessment

Learning Outcomes

Successful understanding of the concepts presented in this chapter will enable the learner to:

  • Define an ESA
  • Explain the differences between a Phase 1, Phase 2 and Phase 3 ESA
  1. Module 7: Submitting the Application and Obtaining a Letter of Intent

Learning Outcomes

Successful understanding of the concepts presented in this chapter will enable the learner to:

  • List the different commercial lenders in the marketplace
  • List the required contents of an application package
  • Identify a Letter of Intent
  • Identify a Commitment Letter

Register now or watch the video first!

Paid Courses
coursecode RICBO

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