RC_LP_U_311.2 Underwriting Reduced Payment Products and Piggyback Loans
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| Option | Price |
| Member | $50.00 |
| Non-Member | $100.00 |
The housing industry is very cyclical in nature, driven by economic and social factors such as unemployment rates, varying interest rates, housing growth, stock market volatility, and changes in consumer confidence. Therefore, it is important to understand the variety of products that are available and how they can be used to help borrowers purchase homes.
Underwriting Reduced Payment Products and Piggyback Loans provides essential knowledge and underwriting principles for reviewing mortgages financed using alternative lending products. It begins by explaining the features and limitations of affordable mortgage programs, including adjustable-rate mortgages, interest-only products, buydown mortgages, and piggyback loans. The course covers typical underwriting requirements for these products and includes detailed product descriptions.
The course ends with two case studies that will bring the content to life using real-world scenarios.
This is a single-family/residential course.
Topics:
Seat time approximately 1.75 hours.
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