This class is provided by CampusMortgage®. The DU & LP – “Everything from A to Z” audio/video webinar will provide students with an in-depth understanding of how the automated underwriting systems serve lenders in the mortgage origination process. DU & LP findings, including feedback messages, are explained in detail. Gain a greater understanding of the differences between the two AU engines and when it is appropriate to use each one.

COURSE OUTLINE:

• What is an AUS?
• Factors Considered
• The Process
• Reps and Warrants
• Ordering the Credit Report
• Data Integrity
• Documentation Requirements
• Red Flags
• Total Scorecard
• Lender's Responsibility
• FNMA Desktop Underwriter
• DU Recommendations & Tolerances
• Case Study DU Findings
• FHLMC Loan Product Advisor
• LPA Recommendations & Tolerances
• Case Study LPA Findings
• Underwriting without Traditional Credit
• DU & LPA Validation Services
• Uniform Collateral Data Portal
• Collateral Underwriter & Automated Collateral Evaluation
• Practice Quiz

 Price - $395.00

Course Instructor: Various Trainers