Due Diligence - "Learn Manual Underwriting"

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

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

LAPP/SAR Underwriter - "Step by Step Instruction"

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

Mortgage Underwriter 101 - "The Essentials"

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

Advanced Underwriting - "Real World Lessons"

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

Multi-Family Underwriting & Processing - "Conventional Loans"

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

Advanced Loan Processing - "Real World Lessons"

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

Appraisal Review Workshop - "Intensive Study of the Appraisal"

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

Case File Underwriting Review - "FHA/VA Loans"

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

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

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

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

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

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

BOTH CLASSES: Mortgage Underwriter 101 & Advanced Underwriting.

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