| This web-based self-study course provides an overview of bank reconciliation within the mortgage servicing industry. Topics addressed in this course include: the role of bank reconciliation within the mortgage lending process, types of reconciliation accounts, reporting methods, reconciliation processes, and reconciliation requirements for the major investors. Essentials of Bank Reconciliation is ideal for customer service representatives, mortgage accountants, and any other employees seeking a basic understanding of bank reconciliation.
Course Outline:
Lesson 1 - Bank Reconciliation Concepts
- Bank Reconciliation in the Mortgage Lending Process
- Types of Reconciliation Accounts
- Reporting Methods
- General Reconciliation Process
- Tax & Insurance Reconciliation Process
Lesson 2 - Investor Requirements in Bank Reconciliation
- Fannie Mae Requirements
- Freddie Mac Requirements
- Ginnie Mae Requirements
- Private Investor Requirements
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 Mortgage Servicer, Financial Controls and Investor Administration Professional Certificate (CMS Level II). |