Financing via a mortgage loan is considered to be one of the more secure avenues of retail lending from the lender’s perspective. The following topics will be covered in detail over two (2) days.
BANKING PERSPECTIVE
This Banking Perspective Mortgage Training Workshop segment is specifically tailored to Credit Officers and other related Customer Service Officers in the Financial Services Sector who on a daily basis interact with clients requiring mortgage services.
The program covers the qualification requirements and the documentation necessary for mortgage loan processing. Participants will have the opportunity to assess those credit risk elements necessary for good lending decisions. They will also have exposure to those red flags and negative behaviours that lead to mortgage loan delinquency and the measures necessary is such management.
Matters such as Bridge Financing, other mortgage refinancing purposes, the Mortgage Market Reference Rate (MMRR) and its application will also be addressed.
This workshop segment, titled “The A-Z Legal Framework,” prepares participants to actively engage in understanding the legal implications of obtaining mortgage financing.
As a banker, a thorough understanding of the legal and procedural aspects of a mortgage is crucial. This added knowledge will equip you to confidently guide potential purchasers through one of the most important and daunting financial commitments they will ever make.
This program aims to assist banks, their officers, and customers in avoiding common pitfalls associated with these types of transactions. Topics will focus on the following areas:
Agreements for Sale
The Legal Framework for Purchase/Mortgage Transactions
Fees and Stamp Duty
Deeds of Transfer / Assignment – “The Switch Mortgage”
Foreign Investment Act
A Comparison of Agreements for Sale and Share Sale Agreements
Requisitions
The Anatomy of a Deed of Mortgage
Completion and Execution of Deeds
Powers of Attorney
Undue Influence / Independent Legal Advice
Default and Mortgage Remedies
Release of Mortgages
Understanding a property valuation report is critical for sales, loan, and lending officers. The presentation will cover the following:
Date: 16th & 17th July, 2024
Cost: $3,200.00 plus VAT
Time: 8:30 a.m. to 4:00 p.m.
Reg. Deadline: 8th July, 2024
CPD Hours: 12
Venue: Level 1 Invader’s Bay, Off Audrey Jeffers Highway, Port of Spain