In recent years, subprime lending enabled borrowers with less than perfect credit to attain the American Dream of homeownership at rates and terms previously unavailable to them. Understanding Subprime Lending defines and describes subprime lending as it relates to loan origination. The course begins with an overview of subprime lending, examining its role and history in mortgage lending and the players in the subprime arena. The second lesson looks at keys of successful subprime origination, including a look at the use of the lender matrix and other considerations in selecting the best loan for an individual borrower's needs. The third lesson examines the controversial topic of 'predatory lending' and how to avoid predatory practices while originating subprime loans. The final lesson comprises a series of case studies that help to reinforce the materials presented throughout the course. This course is designed for originators who are expanding into the subprime market, or for anyone who wishes to seek an understanding of subprime loan origination. 
   
NOTES:  This is a self-paced, self-study course. Enroll anytime and take up to 8 months to complete the course.