BOTH CLASSES: Mortgage Underwriter 101 & Advanced Underwriting

This class is provided by CampusMortgage®. These two instructor-led, 3-hour online training webinars are designed for mortgage professionals seeking to deepen their knowledge of underwriting principles. The introductory course provides a thorough review of mortgage terminology, best practices, and the 4 C's of underwriting. Learn the basics of credit, income, asset, and appraisal review in preparation for a successful career as a mortgage underwriter. The advanced course builds on the fundamentals offered in Underwriting 101 by covering more advanced income, asset, and appraisal review procedures. In addition, pick up valuable tips for earning the next level of underwriting authority. Learn techniques for drafting clearer conditions and improving your loan decision communication skills. 

COURSE OUTLINE (FOR BOTH THE 101 & ADV. CLASS):

  • Increasing Product Knowledge
  • Loan Documentation Analysis Development
  • Networking Tips
  • Fixed and Military Income Review
  • Defining the Self-Employed Borrower
  • Analysis of Personal and Business Tax Returns
  • Calculating Rental Income
  • Reviewing Stock and Retirement Assets
  • Introduction to Condominium and PUD Appraisals
  • Introduction to Multi-Family and Investment Property Appraisals
  • Title Review
  • Underwriting to Mortgage Insurance Guidelines
  • Introduction to the Loan Decision
  • Examples of Loan Notes and Loan Conditions
  • Mortgage Terminology
  • Loan Programs
  • Underwriting Defined
  • The 4 C's of Underwriting
  • Underwriting Tools and Guidelines
  • Automated vs. Manual Underwriting
  • Analyzing AUS Systems Findings
  • Credit Report Review
  • Wage Earner Income Analysis and Calculation
  • Introduction to Assets Review
  • Introduction to Appraisal Review 

Price - $790.00 Sale - $775.00

FHA/VA Underwriting - "For Mortgage Underwriters"

This class is provided by CampusMortgage®. This instructor-led webinar will examine all aspects of underwriting both FHA & VA Government loans. The goal of our interactive FHA/VA Underwriting webinar is to help you develop an FHA/VA niche in order to make you a more profitable FHA mortgage underwriter. Train your staff of mortgage underwriters to start underwriting Government loans. 

COURSE OUTLINE:

  • FHA History
  • FHA Programs
  • Direct Endorsed Underwriter
  • FHA Forms and Disclosures
  • Borrower Eligibility
  • Allowable Mortgage Parameters
  • Mortgage Insurance
  • TOTAL Scorecard vs Manual Underwriting
  • Evaluating FHA Credit
  • FHA Income and Employment
  • FHA Assets and Reserves
  • FHA Property Standards
  • Final FHA Underwriting Forms
  • VA History
  • VA Programs
  • VA Forms and Disclosures
  • VA Guaranty, Eligibility and Entitlement
  • VA Funding Fee
  • VA Credit Underwriting
  • VA Property Standards
  • Final VA Underwriting Forms
  • Resources
  • Multiple Practice Quizzes

**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.

Price - $395.00

LAPP/SAR Underwriter - "Step by Step Instruction"

This class is provided by CampusMortgage®. The LAPP/SAR Underwriter - "Step by Step Instruction" 3-hour webinar is ideal for new & existing mortgage underwriters looking to obtain a VA LAPP/SAR designation. Students will become familiar with the duties of a LAPP/SAR, recognize the requirements and processes for ordering and reviewing appraisals, and delivering Notices of Value (NOV) to the veteran borrower. Students will be able to identify eligible property types, ensure appraisals meet minimum property requirements, review sample documents, common SAR errors and end the class with a test case to reinforce the topics covered.

**Important Notice: This is a how-to "prep" class only, and will not provide you with LAPP or SAR. 

COURSE OUTLINE:

  • Overview of the VA Loan Program
  • Eligible Loan Purpose
  • Veteran Eligibility
  • Entitlement and Guaranty
  • Blue Water Navy Act
  • Funding Fee
  • Credit Standards
  • VA Credit Underwriting Approval
  • Practice Quiz

Price - $495.00 Sale - $395.00

Advanced Loan Processing - "Real World Lessons"

This class is provided by CampusMortgage®. This instructor-led 3-hour online training webinar is designed for the experienced and already trained in basic loan processing. This course provides an in-depth understanding of mortgage loan processing from both a loan processor and underwriter’s point of view. Through a variety of loan scenarios, you’ll receive hands-on experience analyzing mortgage loan applications, allowing you to learn first-hand how understanding the basics of mortgage processing and supporting technology will increase your confidence and hone your decision-making skills as an effective mortgage processor. Experienced loan processors will receive an essential refresher and see how other experienced loan processors are handling their analysis. 

Upon completion, students will be able to: apply best practices to processing decisions, use methods and expertise needed to evaluate mortgage files, analyze stipulations from the underwriter, prevent red-flagging, analyze & accurately review appraisals. Also covered in this course: understanding underwriter conditions, how outside vendors such as appraisers and mortgage insurance companies fit into the overall mortgage loan approval process.   

COURSE OUTLINE:

  • Income Review
  • Hourly Wages
  • Seasonal Income
  • Salaried Income
  • Overtime, Bonus & Commissions
  • Alimony/Child Support
  • Social Security/Pension
  • Military Income
  • Automobile Allowance
  • Boarder Income
  • Capital Gains
  • Disability Income
  • Employment Contracts
  • Foreign Income
  • Foster Care Income
  • Housing or Parsonage
  • Interest/Dividend Income
  • Self-Employed Income
  • Sole Proprietor
  • Rental Income
  • Assets Review
  • Stocks, Bonds, Mutual Funds
  • Verification of Assets
  • Large Deposits
  • Gifts
  • Minimum Borrower Contributions
  • Appraisal Review
  • Appraisal Forms
  • Age of Appraisal
  • Sections of the Appraisal
  • Title Review
  • Underwriter Conditions
  • Practice Quiz

Price - $395.00

Advanced Underwriting - "Real World Lessons"

This class is provided by CampusMortgage®.

COURSE DESCRIPTION: 

This instructor-led, 3-hour online training webinar is designed for mortgage professionals seeking to deepen their knowledge of underwriting principles. This course builds on the fundamentals offered in Underwriting 101 by covering more advanced income, asset, and appraisal review procedures. In addition, pick up valuable tips for earning the next level of underwriting authority. Learn techniques for drafting clearer conditions and improving your loan decision communication skills. 

COURSE OUTLINE:

  • Product Knowledge
  • Developing Analysis Skills
  • Credit Analysis
  • Income Analysis
  • Asset Analysis
  • Appraisal Analysis
  • Title Review
  • Mortgage Insurance
  • Loan Notes
  • Adding Conditions
  • Clearing Conditions
  • Issuing the Clear to Close
  • Practice Quiz

Price - $495.00 Sale - $395.00

Case File Underwriting Review - "FHA/VA Loans"

This class is provided by CampusMortgage®. This course has been designed to instruct underwriters on how to proceed with a mortgage underwriting case file review of an FHA file.  As a “how-to” course, the underwriter will be trained on how to complete an underwriting review on a fully processed FHA case including how to review the credit report, income documentation, asset documentation, contract of sale, and appraisal report. Additionally, the required disclosure and compliance review will be discussed. Underwriters will also be trained to recognize certain file triggers/red flags and will know when to ask for further documentation that has not been addressed by the AUS.   

COURSE OUTLINE:

  • Underwriting an FHA and VA Loan
  • Disclosures
  • Credit
  • Income
  • Assets
  • Purchase Contract
  • FHA Requirements
  • VA Requirements
  • AUS
  • Manual Underwriting Components
  • Appraisals
  • FHA Resources
  • VA Resources
  • Practice Quiz

Price - $395.00

Due Diligence - "Learn Manual Underwriting"

This class is provided by CampusMortgage®. This 3-hour online training webinar explores the world of manual underwriting. This class offers critical knowledge for difficult credit, income, asset, and appraisal analysis topics. Students will benefit from practical applications of concepts as we review red flag examples. Join us to gain the knowledge you need to successfully package challenging loan scenarios.

COURSE OUTLINE:

  • Due Diligence Defined
  • Automated Underwriting
  • Manual Underwriting
  • Credit
  • Income
  • Assets
  • Appraisal
  • Identifying Red Flags
  • Avoiding Over-Analysis
  • Practice Quiz

Price - $495.00 Sale - $395.00

FHA 203(K) Underwriting Online Self-Study Course

This course is provided by Diehl Mortgage Training and Compliance (NMLS Provider 1400133). This FHA 203(k) Underwriting Online Self-Study Training Course that covers both the full and limited programs, along with the differences. This includes what repairs can and cannot be done with each product, reviewing the checklist of all the forms that are required of the project along with the step-by-step process guide that leads the processor through the loan process. A completion certificate is provided upon successful completion of the course.
Price - $269

FHA Manual Credit Underwriting Online Course

This course is provided by Diehl Mortgage Training and Compliance (NMLS Provider 1400133). This FHA Manual Credit Underwriting Training Courseis a five-module course that covers the process of manually underwriting a mortgage loan to FHA guidelines. This includes what loans to require manual underwriting, evaluating credit, income, assets, and final underwriting. The course itself takes an average of three hours to complete and a completion certificate is provided upon successful completion of the course.
Price - $249

Mortgage Underwriter 101 - "The Essentials"

This class is provided by CampusMortgage®. This instructor-led, 3-hour online training webinar is designed for any mortgage professional seeking formal instruction on the fundamental principles of residential mortgage underwriting. This introductory course provides a thorough review of mortgage terminology, best practices, and the 4 C's of underwriting.  Learn the basics of credit, income, asset, and appraisal review in preparation for a successful career as a mortgage underwriter.

COURSE OUTLINE:

  • Mortgage Terminology
  • Loan Programs
  • Loan Stacking Order
  • Mortgage Roles
  • Loan Originators
  • Loan File Flow
  • The 4 C's of Underwriting
  • Underwriter Duties & Responsibilities
  • Underwriter Skill Sets
  • Underwriting Authority
  • Underwriting Tools
  • Agency Guidelines
  • Automated vs Manual Underwriting
  • AUS Findings
  • Forms 1003 & 1008 
  • Credit Report Review
  • Introduction to Income
  • Introduction to Assets
  • Introduction to Appraisals
  • Practice Quiz

Price - $495.00 Sale - $395.00

Multi-Family Underwriting & Processing - "Conventional Loans"

This class is provided by CampusMortgage®. Investment Properties have become an ideal asset for diversification of income in the Real Estate Industry. In the Multi-Family Underwriting & Processing - "Conventional Loans" course you will learn in detail, the fundamental and essential roles of both the Processor and Underwriter in rendering a Credit Decision for Conventional Loans secured by Multi-Family (2-4) Unit Income Properties. This course will encompass an in-depth examination of the Relevant Documentation, Analysis of the Borrower’s Eligibility and Collateral Evaluation of the Property, while providing industry tools to strengthen your knowledge and tangible skills to confidently process and underwrite a Conventional Multi-family 2-4 unit property. 

COURSE OUTLINE:

  • Multi-Family (2-4 Unit) Properties defined
  • Initial Determination of Eligibility
  • Minimum Credit Requirements
  • Calculating Rental Income/Loss
  • Processing Multifamily (2-4 Unit) Properties
  • Understanding DU/LP- Automated Findings
  • Reserve Requirements
  • Calculating Reserve Requirements
  • Reviewing the Purchase Agreement
  • Manual Underwriting Guidelines and Decisions
  • Purpose of the Appraisal
  • Ineligible Properties
  • Knowledge Check
  • Glossary
  • 10-Question Practice Quiz

 Price - $395.00

Jumbo Loan Underwriting - "Everything from A to Z"

We've heard your ongoing suggestion for a training class on Jumbo mortgage underwriting. Today, we are pleased to announce we have finally put together a recorded, instructor-led webinar entitled: Jumbo Loan Underwriting - "Everything from A to Z". This on-demand webinar will provide students with a broad spectrum overview of the definition of a Jumbo loan and the differences one might encounter between a Jumbo loan as compared to a FNMA/FHLMC Conforming Conventional Loan.

COURSE OUTLINE:

  • Jumbo / Non-Conforming Loans Defined
  • Conforming vs. Non-Conforming/Jumbo Loan
  • Non-Qualified Mortgage vs. A Qualified Mortgage
  • Jumbo Loan Limits
  • Jumbo Loan Underwriting requirements
  • Jumbo Loan Credit Score Requirements
  • Automated Underwriting
  • Jumbo Loan Appraisal Requirements
  • Jumbo Loan Interest Rates
  • Practice Quiz

Price - $495.00 Sale - $395.00

Non-QM Underwriting - "Everything from A to Z"

As mortgage rates continue to rise, now is the time to add non-QM underwriting to your skillset. And since non-QM loans are a niche product available to borrowers with limited access to credit, these types of loan programs do not fall under the CFPB’s Ability to Repay and the Qualified Mortgage Standards. We have put together an instructor-led webinar entitled: Non-QM Underwriting - "Everything from A to Z". This 3-hour on-demand webinar will teach students the underwriting and eligibility requirements to work with these types of loans, with a focus on the 3 top non-QM lenders.  

COURSE OUTLINE:

  • What is a Non-QM Loan?
  • Non-QM Features
  • Non-QM Lending Market
  • Non-QM Underwriting Overview
  • Credit Overview
  • Asset Overview
  • Income Overview
  • Collateral Considerations
  • Documentation and Certifications
  • Resources
  • Practice Quiz

Price - $395.00

DE Underwriting (PREP PACKAGE)

This class is provided by CampusMortgage®. Start by first learning what's involved in becoming an FHA DE Underwriter today with our "professional development" DE Underwriting (PREP PACKAGE). With an average of 15+ years of experience, each mortgage underwriter instructor draws upon a deep FHA underwriting knowledge base to provide aspiring FHA DE Underwriters with a hands-on online interactive learning experience.

DE PREP PACKAGE INCLUDES:


Certified FHA Manual Underwriter (NAMU®-CFMU) Certification:

  • Due Diligence - "Learn Manual Underwriting"
  • Case File Underwriting Review - "FHA/VA Loans"
  • FHA/VA Underwriting - "For Underwriters"
  • Multi-Family Underwriting & Processing - "FHA/VA Loans"

Also Includes:

  • Mortgage Underwriter 101 - "The Essentials"
  • Adv. Underwriting - "Real World Lessons"
  • FHA DE Underwriting - "Direct Endorsement"  - No CHUMS # Provided
  • Tax Return Analysis Workshop -"Examine Self-Employed Borrowers"

COURSE FORMAT:

  • Instructor-Led Online Webinar
  • All Course Materials are Downloaded as PDF Files
  • Duration: 24/7 Access for 1-Year
  • Certificates of Completion Downloaded as a PDF File
  • Includes the NAMU®-CFMU Certification
  • Job Search Resources (Upon Request)

Earning a NAMU®-CFMU Certification through NAMU® means you have:

  • Completed (4) training classes.
  • Passed a 30-Question Online Proctored Exam (via Webcam) with 75% or Higher.
  • Agree to Maintain the Highest Ethical & Professional Standards.
  • Practice Quiz

Price - $2,765.00  SALE $1,490.00

FHA Direct Endorsement - "DE Underwriting"

This class is provided by CampusMortgage®. This instructor-led online training webinar is designed for any mortgage professional seeking formal instruction on the path to earning the Federal Housing Administration’s Direct Endorsement. This introductory course provides vital information regarding how to prepare for DE sponsorship. Learn FHA specific guidelines for credit, income, asset, and appraisal review.

 

**Important Notice: This class will not provide you with a CHUMS #. You will still need to get sponsored by a lender in order to become a FHA DE Underwriter.

COURSE OUTLINE:

  • Introduction to FHA
  • FHA Programs
  • FHA Direct Endorsement
  • Automated Underwriting
  • Manual Underwriting
  • FHA Forms
  • FHA Calculations
  • Credit Analysis
  • Income Analysis
  • Debt-To-Income Ratios
  • Asset Analysis
  • Appraisal Forms
  • FHA Resources
  • Multiple Practice Quizzes

**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.

Price - $395.00

Appraisal Review Workshop - "Intensive Study of the Appraisal"

This class is provided by CampusMortgage®. This Appraisal Analysis Workshop is a 3-hour online webinar designed to teach you the details that are required in each section of the real estate appraisal. You'll learn the details of what the industry looks for in these reviews to prevent fraudulent appraisal practices. You'll also gain the details and a complete understanding of the Sales Comparison Approach, Income Approach and Cost Approach, and much more! 

COURSE OUTLINE:

  • Appraisal Purpose
  • Appraiser Responsibilities
  • Lender Responsibilities
  • Supervisory Appraiser
  • Appraisal Exhibits & Forms
  • Age of Appraisal
  • Use of Appraisal
  • Appraisal Section Review
  • Property Condition
  • Sales Comparison
  • Appraisal Deficiencies
  • FHA Considerations
  • FHA New Construction
  • FHA MPR & MPS
  • FHA Appraiser Reporting
  • FHA Valuation Development
  • FHA Analysis
  • FHA Report Conclusion
  • Appraisal Updates
  • Red Flags
  • Practice Quiz

Price - $395.00

FHA/VA Quality Control - "Everything From A to Z”

This class is provided by CampusMortgage®. The course is ideal for any mortgage professional wishing to enter the Quality Control area of mortgage banking, as it relates to both FHA and VA Government mortgage loans. This 6-hour instructor-led online training course covers the basics and gives an overall understanding of what a Quality Control plan consists of. 

COURSE OUTLINE:

  • General Rules of FHA/VA Quality Control
  • Guidelines and Procedures
  • Credit Report Red Flags
  • Reverifications
  • Document Review
  • Field Reviews
  • On Site Review
  • Notification to HUD
  • Loan Servicing Review
  • Ineligible Participants
  • Mortgagee Monitoring
  • Sanctions
  • Limited Denial of Participation
  • VA QC Guidelines
  • Red Flags
  • Examples of Fraud
  • Practice Quiz

Price - $395.00

Tax Return Analysis Workshop - "Examine Self-Employed Borrowers"

This class is provided by CampusMortgage®. This instructor-led, 6-hour online training webinar is designed for any mortgage professional seeking formal instruction on personal and business tax return analysis. This intensive workshop provides detailed instruction on all tax return forms and schedules, the required income calculation formulas, and the completion of the Fannie Mae Cash Flow Analysis Form 1084. Learn self-employment income best practices and underwriting guidelines.

COURSE OUTLINE:

  • Self-Employment Defined
  • Self-Employment Income Guidelines
  • Personal Tax Return Forms and Schedules
  • Business Tax Returns Forms and Schedules
  • Income Calculation Formulas
  • Fannie Mae Cash Flow Analysis Form 1084
  • Fannie Mae Comparative Income Analysis Form 1088
  • Profit & Loss Statement and Balance Sheet Review
  • Self-employment Case Study and Practice Exercises
  • Practice Quiz

Price - $395.00

USDA Rural Housing Loan - "Qualify, Process & Underwrite"

This class is provided by CampusMortgage®. Learn how to qualify, process & underwrite USDA Rural loans today with our 3-hour on-demand instructor-led webinar entitled: USDA Rural Housing Loan - “Qualify, Process & Underwrite”. This webinar will highlight the benefits of the USDA mortgage program -- with 24/7 access for 1 year. Students will learn how to navigate the HB-1-3555 guidelines and forms, and more! This webinar is ideal for all underwriters, processors and loan originators wishing to learn how to close USDA Rural loans, from A to Z. 

COURSE OUTLINE:

  • What is a Rural Housing Loan?
  • Program Benefits
  • Loan Purpose
  • USDA Costs: Guarantee & Annual Fee
  • Product Comparison
  • Navigating HB-1-3555
  • Credit & Debt Analysis
  • Income Eligibility
  • Intro to GUS
  • Property Eligibility
  • Appraisal Analysis
  • Underwriting Methods
  • File Process Flow
  • Request for SFH Guarantee
  • Practice Quiz

Price - $395.00