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Real Estate and Construction Certificate in Mortgage Finance and Underwriting

Diploma Description

The Certificate in Mortgage Finance and Underwriting is being offered by the Schack Institute of Real Estate. Mortgage financing is a key component of most commercial real estate transactions. Students who complete this certificate will gain an understanding of the concepts and tools used by lenders and analysts when underwriting deals, thus better preparing them for careers in the field. The coursework is geared toward individuals with existing experience in real estate finance and investment.

For those students with limited experience in real estate finance and investment, it is recommended to take REFI1-CE9351: Real Estate Financial Analysis as a prerequisite before declaring candidacy and enrolling for this certificate.

This certificate is awarded to those who successfully complete the three required courses and two electives. Students may complete the certificate by taking all five courses in one semester.  Students must complete all courses within two years.

 

Must be completed within

2 years

You'll Walk Away With

  • The ability to identify key components that lenders use to evaluate multifamily, retail, office, and industrial loans
  • An understanding of the concepts important to all types of real estate lending¿and those concepts to specific loan types
  • The ability to explain the lending process from loan submission and underwriting to approval and loan closing

Program Curriculum

COURSES THAT GIVE YOU THE SKILLS AND TRAINING YOU NEED TO START YOUR NEW CAREER

Program Curriculum

COURSES THAT PROVIDE FOUNDATIONAL INFORMATION IN THE FIELD WITH OPTIONS TO SPECIALIZE IN AN AREA RELEVANT TO YOUR NEEDS

REQUIRED COURSES

All Courses Required

Underwriting and Structuring Multifamily Loans

This course provides a framework for CRE credit risk assessment and lending decisions.

2021 Fall
+ 1 more semester
2 sections

Underwriting and Structuring Office, Retail, and Industrial Loans

Learn how to underwrite more complex real estate deals involving office, retail, and industrial loans.

2021 Fall
+ 1 more semester
2 sections

Underwriting and Structuring Construction Loans

Acquire the specialized lending skills to structure real estate construction loans and prepare a credit memo to “committee.”

2021 Fall
+ 1 more semester
2 sections

ELECTIVES (CHOOSE TWO OUT OF THE FOUR)

Complete 2

Commercial Real Estate Lending Operations

Examine and gain a better understanding of commercial real estate (CRE) lending department operations.

2021 Fall
+ 1 more semester
2 sections

Economic Analysis of Real Estate Markets

Examine connections between the national and global economies and real estate markets from both theoretical and empirical perspectives.

2021 Fall
+ 1 more semester
2 sections

Affordable Housing Finance and Development

Examine the world of affordable housing and the many programs in this category available to developers and investors.

2021 Fall
+ 1 more semester
2 sections

Legal Foundations of Real Property

Gain a working knowledge of the underlying legal concepts, rights, and claims associated with real property.

2022 Spring
1 section

General Admission Requirements

For those who have completed some college Completion of 32 credits with at least 2 years work experience OR 60 credits with no work experience required