Austin Community College

FY 2006 Course Descriptions

Financial Management

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BNKG 1357 INVESTOR ACCOUNTING (3-3-0). An introduction to investor & accounting reporting functions that relate to the financial aspects of servicing mortgages that are in the first or second position. Topics include custodial and remittance accounting methods, reporting procedures, and rules for establishment of a custodial account. (Previously FNM 2213) Skills: R Prerequisites: RELE 1324 or department approval. ( ) Course Type: W

BNKG 1358 SECONDARY MARKETS (3-3-0). A study of the purpose of the secondary mortgage market and its history. Included are secondary market conduits, review of the basic strategies used in the selling of closed real estate mortgages into the secondary market, conventional and governmental segments, mortgage-backed securities and bonds, regulatory requirements, GNMA mortgage-backed securities, preparing and completing loans for sale, and servicing sold loans. Other topics included are institutional and non-institutional lenders, types of mortgages, and alternative mortgage instruments. Skills: R Prerequisites: RELE 1324 or department approval. ( ) Course Type: W

BNKG 1371 LOAN UNDERWRITING (3-3-0). This course is designed to provide the student with an in-depth training of mortgage loan underwriting for all facets of conventional loans as well as some discussion of FHA/VA lending practices. It provides a thorough understanding of Underwriting Guidelines as set forth by the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation and most institutional type lenders. Topics include analyzing and evaluating documentation, analyzing IRS forms and working with private and secondary market investors. Skills: R Prerequisites: RELE 1324 or department approval. ( ) Course Type: W

BNKG 1372 LOAN QUALITY CONTROL (3-3-0). This course provides the student with the understanding of quality control, its purpose and procedure. Skills: R Prerequisites: RELE 1324 or department approval. ( ) Course Type: W

BNKG 1373 LOAN CLOSING (3-3-0). This course provides the student with comprehensive training in mortgage loan closing with an in-depth study of title commitments/policies, engineer's survey, deed restrictions, and various documents (legal and other) used for residential mortgage loans. Skills: R Skills: R ( ) Course Type: W

BUSA 1313 INVESTMENTS (3-3-0). An overview of the theory and mechanics of business investment decisions and management of business financial assets using quantitative management techniques. Topics include time value of money, cash flow, capital budgeting, sources of funds, break-even analysis, and investment decisions. Skills: B ( ) Course Type: W

BUSG 1304 PERSONAL FINANCE (3-3-0). A study of the financial problems encountered in managing family financial affairs. Topics include financial security for the family, budgeting, use of credit, home ownership, financial tangles, and savings and investment planning. Skills: R ( ) Course Type: W

BUSG 1341 SMALL BUSINESS FINANCING (3-3-0). A study of the financial structure of a small business. Topics address business finance, including where the funds come from and what they are used for; budgeting including planning and preparing, record keeping, taxation, insurance, and banking. Skills: R ( ) Course Type: W

BUSG 1345 PRINCIPLES OF FINANCE (3-3-0). Survey of financial dynamics of the business firm. Study of monetary and credit theory, cash inventory, capital management, and consumer and government finance with emphasis on the relationship of time to money. Stresses initial & follow-up considerations in financing a business. Skills: R ( ) Course Type: W

BUSI 1307 PERSONAL FINANCE (3-3-0). Personal and family accounts, budgets and budgetary control, bank accounts, charge accounts, borrowing, investing, insurance, standards of living, renting and homeownership, and wills & trusts plans. Skills: R ( ) Course Type: T

IBUS 2339 INTERNATIONAL BANKING AND FINANCE (3-3-0). A course in international monetary systems, financial markets, flow of capital, foreign exchange, and financial institutions. Topics include export-import payments and financing, the preparation of letters of credit, related shipping documentation, and electronic transfers. An introduction to multinational financial decisions, such as financing foreign investment or working capital. Skills: R ( ) Course Type: W

RELE 1324 LOAN ORIGINATION AND QUALITY CONTROL (3-3-0). An introduction to the mortgage loan application process. Topics include regulatory compliance and documentation; real estate contracts; the mortgage application process, interview techniques; credit, income and property qualification, quality controls and procedures. Skills: R ( ) Course Type: W

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Course Descriptions as of February 20, 2007 09:00am
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