Diploma in Home Load Advising

SYLLABUS:


PAPER I: ESSENTIALS OF HOME LOAN- PRACTICE & PROCEDURE


1. Overview of housing finance- housing and economic development-evolution of housing finance in India and leading financiers in the field
2. Basics of housing finance
3. Essentials of a home loan proposal- quantum of finance - interest- tenursecurity- terms & conditions
4. Processing home loan application
5. Lenders appraisal procedure- pre-sanction stage- sanction- documentationinsurance- monitoring-inspection- credit rating
6. Other lending schemes- finance to private builders- take over of loans from other institutions- home loans to NRIs
7. Housing finance in metro cities- local laws and requirements
8. Rural Housing Finance- Valmiki Ambedkar Awas Yojna
9. Securitization- mortgage backed schemes
10. RBI guidelines on Housing Finance
11. National Housing banks guidelines on Know your Customer - Anti Money Laundering- Project finance Policy- Fair Practices code for HFCs


PAPER II: HOME LOAN COUNSELLING


1. Financial Counselling - basic communication principles/skills - attending and listening skills-counselor leading responses
2. Housing finance & tax planning
3. Economic and regulatory context for giving mortgage advice-development of"home information packs" - quantitative skills - time value of money - interest
and annuities - development of calculators such as EMI calculator - Stamp duty calculator - Tax calculator - Capital gain tax calculator- use of excel in complex computing; public awareness
4. Consumer behavior - customer service - managing service quality - conflict resolution skills-consumer protection, reduction of financial crime
5. Buyer of property- his expectations- legislative remedies available to consumer for redressal of his grievances
6. Mortgage- legislations relating to mortgages- the purpose of additional security including the role of guarantors-mortgage repayment methods- transfer of mortgages- mortgage arrears- other breaches of mortgage deed- debt consolidation arrangements- legal remedies in respect of non payment by borrowers-default protection and insurance- problems of senior citizens- dealing with senior citizens
7. Home buying process- Various participants- buyer, seller, lender, lawyer/ solicitor, mortgage advisor, mortgage broker, conveyancer, valuer of property
8. Title of property- defects in title- taking search of property records with government authorities-marketable title
9. Conveyance of property- legal provisions- practical aspects of conveyance - title to flat in co-operating housing society- apartment co-operative societies maintenance charges - formalities of transfer of flats/apartment - essentials of tenancy law
10. Formation and Role of Mortgage Lenders Forum - accreditation of mortgage Councilors
11. Valuation of property- different forms of valuation for different types of properties
12. Essentials of civil work - flat/apartment/row houses/independent dwelling units/ bungalows -Floor space index- measurement of areas- built up- carpet- service
areas-amenities
13. Data management- maintenance of records- work flow.