MORTGAGE FINANCING COURSE

Class Description

TRAINING ON MORTGAGE FINANCING FOR BANKING INSTITUTIONS FROM 09^th TO 13^th OCTOBER 2023 AT THE BANK OF TANZANIA-MWANZA

A. BACKGROUND

The Bank of Tanzania is implementing a Mortgage Finance on behalf of the Government of the United Republic of Tanzania. The main objective of the project is to develop a sustainable housing mortgage finance market in Tanzania. This entails among other things, addressing the low level of public awareness and understanding on the available products and the potential benefits and various opportunities associated with it which has been observed to hinder improved delivery of mortgage finance services in Tanzania.

The Bank of Tanzania has organized training to banks and financial institutions on the subject of Tanzania Mortgage finance focusing on Standardization and International Best Practices for Mortgage financing.

B. COURSE OBJECTIVE

The training aims at enlightening and sensitizing participants on the aspects relating to Mortgage Finance and best practices for residential mortgage lending.

C. TARGET GROUP

This training is beneficial to Bank officials including management, Credit (including Mortgage) and Debt recovery departments, Legal department and Risk Management personnel, Sales personnel and Branch Managers.

D. COURSE CONTENTS

Key topics to be presented and discussed will include:

• Overview of Lending Process
• Qualification of Borrowers
• Loan Processing and File Building (Loan Origination)
• Underwriting and Loan Closing
• Loan Administration (Servicing)
• Marketing Financial Services
• Overview of BOT Mortgage finance Regulations
• Risk Management, Fraud Detection and Deterrence
• Privacy protection

E. COURSE DURATION

From 09^th to 13^th October 2023. First day registration will start at 08.30 am.

F. RESOURCE PERSONS

Bank of Tanzania Academy.

G. VENUE

Bank of Tanzania Mwanza Branch

H. FEES

Fee for each participant is TZS 1.0 million or USD 500 for non-residents covering tuition, course materials, lunch and mid-session refreshments. Participants will be responsible for their travel costs and upkeep. Please make your fees payment using the following channel:

Bank Transfer through TISS Transferee Bank: Bank of Tanzania

Account Number:              9944713006

Account Name:                   Course Fees           

SWIFT CODE:                     TANZTZTXXXX

I. MODE OF APPLICATION

Send a letter, fax, e-mail or make a phone call to the Academy through any of the mentioned contacts below. The course will accommodate 30 participants and the first come first served principle will apply. Applications should reach us at least two (2) working days before commencement of the course.

All applications should be addressed to:

The Principal,

Bank of Tanzania Academy,

P.O. Box 131, Capri-Point,

MWANZA

+255 (0) 28 2 500 982/709/983 +255 (0) 28 2 500 984

Email: academy@bot.go.tz