RATIONALE

Amortgage loan is a form of personal financing in which a piece of real property is used as collateral to secure the repayment of a loan. The financial obligation is evidenced by a mortgage note, which is the contract between the Mortgagee and Mortgagor, and the mortgage itself, which is the encumbrance upon the property that is recorded in the public records.

As part of the Banking and Finance Industry, Mortgage Loans are heavily regulated by both State and Federal law. Similarly, because the interest in the mortgage itself can be assigned or transferred, the secondary sale of these loans are treated as a secured transactions subject to oversight by the Federal Mortgage Bank of Nigeria.

COURSE OBJECTIVE

At the end of the Course, participants will be able to provide mortgage advice either as self-employed or on behalf of a lender, such as a high-street bank or building society. Participants will advise clients on the House- purchase process; Evaluate clients’ finances and explain different types of mortgage products to them; Provide help for customers so that they can complete mortgage applications and Sell related financial products, such as buildings insurance and payment protection.

COURSE CONTENT

• Introduction to Financial Services Environment and Products
• Basic legal concepts relevant to financial services
• Mortgage law, policy practice and markets
• Mortgage Applications, Guarantees and additional security
• The economic and regulatory context for giving mortgage advice
• Mortgage payment methods and products
• Mortgage arrears and post completion, debt management and recovery

Who Should Attend

• Real Estate Brokerage Firms
• Primary Mortgage Institutions
• Financial Institutions
• Real Estate Investors/ Developers
• State and Federal Government Housing Corporation and Ministries

Delivery Methodology

The Course will be delivered through Lectures and Group Discussions.

Mode of Assessment for Certification:        100% Attendance

Duration of Course:                                     Three (3) Days Program

Date:                                                             To be determined

Venue of Program / Course:                        Lagos, Sheraton Hotel & Towers, Lagos.

Program / Course Fee:                                 N150,000.00

Program Coordinator:                                  Prince (Dr.) Ade Akinfolurin / Alh Salisu Ibrahim

Telephone Contact:                                       +234 909 539 0986,+234 803 458 1997, +234 909 539 1050

Email:                                                                 info@moreacademy.org