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
Course Instructor: Various Trainers