Real estate refers to land and the buildings on it, along with its natural resources such as minerals, water, or air above or below the surface. It encompasses the rights associated with ownership or possession of that property. Key Characteristics / Core Concepts Location: A key determinant of value; prime locations command higher prices. Improvements: … Read more
Mortgage banking involves originating, underwriting, closing, and servicing mortgage loans. It’s a crucial part of the real estate finance ecosystem, connecting borrowers with lenders. Key Characteristics / Core Concepts Origination: Finding and qualifying borrowers for mortgage loans. Underwriting: Assessing the risk of lending to a borrower. Closing: The finalization of the mortgage loan process. Servicing: … Read more