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

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

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

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

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

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

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