RC_LP_U_200.3 Credit Review in Residential Underwriting
In addition to making certain that the credit score fits the product eligibility parameters, an underwriter needs to perform a thorough analysis of the credit report.
Credit Review in Residential Underwriting walks through the steps of analyzing the credit report: confirming the report information is complete and accurate; identifying all outstanding debts and monthly debt payment amounts; analyzing the credit history as a whole; determining the impact significant adverse credit events have on the risk of the loan file; and documenting borrowers with nontraditional credit.
This is a single-family/residential course.
Seat time approximately 2 hours.