MBA Education Residential Underwriting Basics Sept. 9-30
MBA Education presents a four-part webinar, Residential Underwriting Basics, on four consecutive Wednesdays beginning Sept. 9. Register for all four webinars and save 20 percent.
Residential Underwriting Basics, Part I: Eligibility
Wednesday, Sept. 9, 2:00-3:30 p.m. ET
This webinar provides new underwriters and loan processors with an understanding of underwriting fundamentals with a focus on the eligibility requirements. We will review documentation requirements and guide the participants through different methods of analyzing eligibility requirements.
Objectives
- Discuss specific eligibility requirements applied to loans based on investor and product
- Review differences between purchase and refinance loans
- Explain impact of loan-to-value and credit scores on risk level and their interaction with other underwriting requirements
- Describe role of property type and occupancy in accessing eligibility
- Calculate initial housing and debt payment ratios
Speaker
April Harding Childers, Operations Training Manager, Genworth Financial
Who Should Attend
- New underwriters
- Senior Loan processors
- Junior Loan processors
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2151716AA/REGIS.
Residential Underwriting Basics, Part II: Income
Sept. 16, 2:00-3:30 p.m. ET
This webinar provides new underwriters and loan processors with an understanding of underwriting fundamentals with a focus on the eligibility requirements. We will review documentation requirements and guide participants through different methods of analyzing eligibility requirements.
Objectives
- Define acceptable sources of income
- Review required documentation based on the type of qualifying income
- Review Red Flags related to income
- Calculate income based on documentation
Speaker
April Harding Childers, Operations Training Manager, Genworth Financial
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2151716AA/REGIS.
Residential Underwriting Basics, Part III: Credit & Assets
Sept. 23, 2:00-3:30 p.m. ET
This webinar provides new underwriters and loan processors with an understanding of underwriting fundamentals with a focus on eligibility requirements. We will review documentation requirements and guide participants through different methods of analyzing eligibility requirements.
Objectives
- How to calculate monthly debt payments and discuss a credit history in order to assess the creditworthiness of a borrower
- How to demonstrate that the borrower has sufficient assets to close the loan
Speaker
April Harding Childers, Operations Training Manager, Genworth Financial
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2151716AA/REGIS.
Residential Underwriting Basics, Part IV: Collateral
Sept. 30, 2:00-3:30 p.m. ET
This webinar provides new underwriters and loan processors with an understanding of underwriting fundamentals with a focus on eligibility requirements. We will review documentation requirements and guide participants through different methods of analyzing eligibility requirements.
Objectives
- Discuss key components of the Uniform Residential Appraisal Report
- Discuss responsibilities of the lender with regard to appraiser selection and management and appraisal review
- List documentation needed for an appraisal, including required forms, contracts and exhibits.
- Summarize key areas of concern within each section of the Uniform Residential Appraisal Report
Speaker
April Harding Childers, Operations Training Manager, Genworth Financial
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2151716AA/REGIS.
Sign up for all four webinars and receive a 20 percent discount. You must call 1-800-793-6222 to receive the discount. Discount not available when registering online through the web store.
For more information about MBA Education events, click https://www.mba.org/conferences-and-education/mba-education.
