| Life Cycle of Commercial Real Estate and Multifamily Loans: A Servicer's Perspective guides the student through the life cycle of a commercial/multifamily loan. It begins with an introduction of basic concepts related to commercial/multifamily lending, including an overview of the lending cycle, key parties involved in the lending cycle, property types and characteristics, property performance, loan types and features, and ethics. In the next two lessons, we examine the application, underwriting, approval, loan documentation, and closing processes, with particular emphasis on the relevance of each phase to the servicer. In the final lesson, we address loan servicing and securitization/sale of the loan.
Course Outline:
Lesson 1 - Commercial Real Estate and Multifamily Fundamentals
- The Loan Cycle
- Key Parties in the Loan Cycle
- Property Types and Characteristics
- Property Performance
- Loan Types and Features
- Ethics
Lesson 2 - Application and Underwriting
- Borrower Application
- Underwriting Process
- Due Diligence Review
- Loan Approval
Lesson 3 - Loan Documentation and Closing
- The Commitment Letter
- Loan Documents
- The Role of Counsel
- Closing
Lesson 4 - Servicing and Sale/Securitization
- Servicing Functions
- Loan Boarding
- Asset Management
- Remittance and Reporting
- Portfolio Administration and Risk Management
- Special Servicing and Loan Workouts
- Sale and Securitization
Course Credit:
Completion of this course earns five points toward MBA's Certified Mortgage Banker (CMB), or Certified Mortgage Technologist (CMT) designations. This course also earns five points towards MBA's Commercial Mortgage Servicer (Commercial CMS Level I) Achievement Certificate.
|