RC_LP_U_200.1 Eligibility in Residential Underwriting

1-5 CMB Points Education Intermediate Loan Production (Origination, Underwriting, Processing) Residential Self-Study Web-Based Courses
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Member $50.00
Non-Member $100.00

Underwriting conventional mortgage loans involves applying requirements and guidelines that have been established by secondary market investors or lenders. Specific eligibility requirements are applied to loans based on any number of factors. This course will help you to understand and use eligibility requirements to determine if a loan is acceptable for a particular product, program, or investor.

Eligibility in Residential Underwriting begins with a brief look at how eligibility factors are used in underwriting. The remainder of the course looks at key eligibility concepts, including types of financing transactions, the loan-to-value ratio, credit scores, loan products, ability to repay, property types, occupancy, loan limits, and housing and debt ratios.

Note that the concepts explained in this course are concepts that form the foundation for sound underwriting. When a loan is run through an automated underwriting system (AUS) such as Fannie Mae's Desktop Underwriter (DU) or Freddie Mac's Loan Product Advisor (LPA), requirements will vary based on the risk factors present in that particular transaction.

This is a single-family/residential course.

  • Eligibility Requirements
  • Types of Financing
  • Loan-to-Value Basics
  • Credit Scores
  • Loan Products
  • Ability-to-Repay
  • Property Types
  • Occupancy
  • Loan Limits
  • Housing and Debt Ratios


    Seat time approximately 1.5 hours.

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