MBA Education Upcoming Residential Underwriting Basics Courses
MBA Education presents its popular four-part Residential Underwriting Basics Webinar series on April 5, 12, 19 and 26, online.
Residential Underwriting Basics Part I: Eligibility
Tuesday, Apr. 5, 2:00-3:30 p.m. ET
This webinar will provide loan processors and those new to mortgage lending with an understanding of underwriting fundamentals with a focus on the eligibility requirements. We will review the documentation requirements and guide the participants through different methods of analyzing eligibility requirements.
Objectives
The following information will be considered at this webinar:
–Discuss specific eligibility requirements that are applied to loans based on investor and product
–Review the differences between purchase and refinance loans
–Explain the impact of loan-to-value and credit scores on the risk level and their interaction with other underwriting requirements
–Describe the role of property type and occupancy in accessing eligibility
–Calculate initial housing and debt payment ratios
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2161716AD/REGIS.
Residential Underwriting Basics Part II: Income
Tuesday, Apr. 12, 2:00-3:30 p.m. ET
This webinar will provide processors and those new to mortgage lending with an understanding of underwriting fundamentals with a focus on the income requirements. We will review the documentation requirements and guide the participants through different methods of analyzing income 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
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2161716AE/REGIS.
Residential Underwriting Basics Part III: Credit and Assets
Tuesday, Apr 19, 2:00-3:30 p.m. ET
This webinar will provide loan processors and those new to mortgage lending with an understanding of underwriting fundamentals with a focus on credit and assets requirements. We will review documentation requirements and guide participants through different methods of analyzing credit and assets 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
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2161716AF/REGIS.
Residential Underwriting Basics Part IV: Collateral
Tuesday, Apr. 26, 2:00-3:30 p.m. ET
This webinar will provide loan processors and those new to mortgage lending with an understanding of underwriting fundamentals with a focus on the collateral requirements. We will review documentation requirements and guide participants through different methods of analyzing collateral/appraisal requirements.
Objectives
–Discuss key components of the Uniform Residential Appraisal Report
–Discuss responsibilities of the lender with regard to appraiser selection and management and with regard to 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
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2161716AG/REGIS.
Who Should Attend
–Junior Loan processors –Individuals new to the Mortgage Industry
Speaker
–April Harding Childers, Operations Training Manager, Genworth Financial
Discounts
MBA Education offers a 15 percent discount for anyone who signs up for all four webinars. Use GROUP15 promo code.
