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The Mortgage Lending Process
Start Date: 2/22/2017Start Time: 12:00 PM
End Date: 2/22/2017End Time: 1:00 PM

Event Description

This workshop will provide participants with an understanding of the basic components of the mortgage lending process, how the condition of the economy impacts the mortgage market, Conventional vs. FHA loans, the importance of credit scoring and its impact on the cost of your mortgage. Participants will also learn about the mortgage pre-approval program, the Franklin Mint Federal Credit Union’s unique 3/2 ARM portfolio program, documentation requirements, acceptable sources of funds to close a loan and the benefits of a Franklin Mint Federal Credit Union (FMFCU) mortgage. To round out the workshop we introduce you to a member benefit – CU Realty.

By the end of the seminar participants will understand: how economic conditions impact the Mortgage Market; the difference between conventional vs. FHA loans; the importance of your credit score; the different programs available to members; what documents and funds are needed for settlement; the advantages of an FMFCU mortgage.

Additionally, you will have the opportunity to learn more about the Home Purchase Assistance Program, an exciting employee benefit which provides $15,000 towards the purchase of a home within a defined geographic area.

This event is open to all faculty and professional staff. Registration required. Register in Career Pathway. To register in Career Pathway:

1.            Log in to DrexelOne

2.            Select the Employees tab

3.            Select Career Pathway under the Development and Certifications header

4.            Use the Events Calendar under the Learning tab to find a session

5.            Select the Request button to register

For more information, please contact Wellness Administrator Monica Fauble at mfauble@drexel.edu .

fmfcu logo
Sky View Room, 6th floor of MacAlister, Registration required
  • Faculty
  • Staff

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