Course Summary
Credit Type:
ACE Course Number:
11 weeks (53 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Real Estate Finance


The course objective is to provide cutting-edge coverage of specialized mortgage lending procedures including sources of mortgage money, constraints on those sources, loan qualifications, and laws and regulations that guide practices.

Learning Outcomes:

  • Explain the importance of the Federal Reserve Bank, including its role in monetary policy
  • Differentiate between the primary and secondary markets
  • Explain the differences between mortgage lenders
  • Describe how the development of the uniform loan origination documents and the expansion of the private mortgage insurance market impacted the growth of the secondary mortgage market
  • Describe the components of the adjustable rate mortgage loan product
  • Describe the various types of leases involved in real estate and how they can serve to conserve cash, increase flexibility, and reduce liquidity risk
  • And understand the role of the Environmental Protection Agency in residential and commercial real estate development
  • Upon completion of the course, the student will be able to describe the origins of real estate finance and landownership
  • Explain the role of financial market instruments in the redevelopment of the real estate finance industry
  • Understand the development of the monetary system in the United States
  • Understand the licensing and registration requirements for those engaged in making residential mortgage loans
  • Describe the changes that caused most primary lenders to cease to be permanent investors in residential mortgage loans
  • Understand the difference between a Veterans Administration mortgage loan and the primary FHA mortgage loan programs
  • Understand the four unique processes involved in the underwriting decision
  • Describe how real estate appraisers approach residential real estate appraisals and the three key methods they employ
  • Describe the commercial real estate application process and documentation requirements
  • Understand the concept of the commercial real estate appraisals and the methods to value real estate

General Course Topics:

  • History and background of real estate
  • Money and interest rates
  • Mortgage money: regulated lenders
  • Other primary market lenders
  • Mortgage money: the secondary market
  • The mortgage documents
  • Mortgage repayment plans
  • Federal government underwriting programs
  • Borrower qualification
  • Property analysis
  • Commercial loans: construction and land loans
  • Commercial building and farm loans
  • Other financing practices
  • Technology advances in mortgage lending
  • Environmental issues
  • Settlement procedures
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Discussion
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Performance Rubrics (Checklists)
  • Written Papers

Minimum Passing Score:

Supplemental Materials

Other offerings from Center for Financial Training Atlantic & Central States, Inc.