Mortgage Lending Operations & Administration for Credit Unions

Author: James H. Pannabecker
Price: $525
Frequency: 2 updates annually

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Mortgage Lending Operations and Administration for Credit Unions, our first credit union mortgage product, simplifies the job of organizing, implementing and maintaining a dynamic mortgage lending program. It’s a comprehensive resource covering all aspects of mortgage lending, applicable to all levels of management in a credit union.

You’ll find guidance on all aspects of running mortgage business. Processing applications, credit scoring, and portfolio management are just a few of the topics covered. The manual covers each of the functions of a mortgage lender - establishing the organization, the basics of underwriting, documenting, making and reviewing loans, even resolving problem loan situations.

Most importantly, this is a practical, 'how-to’ guide; it serves as both an introduction for those new to mortgage lending and a useful reference for those seeking greater understanding of the field.

You’ll find information on:

Loan policies for specialized forms of mortgage lending
Loan grading systems
Structuring and pricing the mortgage loan portfolio
Loan approval processes
Loan review policies and procedures
Managing credit union examinations
Avoiding lender liability claims
Lending marketing procedures
Loan documentation legal guidelines
Use of loan agreements
Real estate appraisal policies and procedures
Accounting for impaired and restructured loans
Establishing effective construction lending practices
Real estate construction loan commitments and loan agreements
Accounting for impaired and restructured loans
Participation lending

You’ll also find helpful information on packaging and reselling loans under Fannie Mae and Freddie Mac rules. And the appendix includes a handy glossary of mortgage lending terms and relevant regulatory guidance.

About The Author

James H. Pannabecker writes from Natural Bridge Station, Virginia, focusing on banking law and regulatory compliance. He was formerly a senior vice president and general counsel of Citicorp Mortgage, Inc., where he managed the provision of legal services for the nationwide origination of mortgage loans through Citicorp’s affiliated first mortgage lenders. Before joining Citicorp, Mr. Pannabecker served as in-house counsel to Maryland National Bank; First Virginia Banks, Inc.; and First American Mortgage. Mr. Pannabecker is the author or co-author of numerous publications in the areas of mortgage lending, truth-in-lending, financial privacy, and banking law. These include Mortgage Compliance Update: Solutions for Mortgage Professionals (A.S. Pratt & Sons); The RESPA Manual: A Complete Guide to the Real Estate Settlement Procedures Act (A.S. Pratt & Sons); Mortgage Lending Compliance with Federal and State Guidance (A.S. Pratt & Sons); Model Compliance Manual: A Template for Mortgage Professionals (Sheshunoff Information Services); Mortgage Lending Operations and Administration (Sheshunoff Information Services); and The Truth-in-Lending Manual by Ralph C. Clontz, Jr. (Warren, Gorham & Lamont), He graduated from the University of North Carolina School of Law in 1978 and has been admitted to practice law in the District of Columbia, Georgia, Maryland, Missouri, North Carolina, and Virginia.