MBA Education Residential Underwriting Basics Courses Continues Apr. 12, 19, 26

MBA Staff

April 06, 2016

MBA Education's four-part Residential Underwriting Basics Webinar series continues April 12, 19 and 26, online.    

Residential Underwriting Basics Part II: Income

Tuesday, Apr. 12, 2:00-3:30 p.m. ET  

This webinar will provide processors and those new to mortgage lending with an understanding of underwriting fundamentals with a focus on the income requirements. We will review the documentation requirements and guide the participants through different methods of analyzing income requirements.  

Objectives

--Define acceptable sources of income

--Review required documentation based on the type of qualifying income

--Review Red Flags related to income

--Calculate income based on documentation    

To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2161716AE/REGIS.  

Residential Underwriting Basics Part III: Credit and Assets

Tuesday, Apr 19, 2:00-3:30 p.m. ET  

This webinar will provide loan processors and those new to mortgage lending with an understanding of underwriting fundamentals with a focus on credit and assets requirements. We will review documentation requirements and guide participants through different methods of analyzing credit and assets requirements.  

Objectives

--How to calculate monthly debt payments and discuss a credit history in order to assess the creditworthiness of a borrower

--How to demonstrate that the borrower has sufficient assets to close the loan  

To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2161716AF/REGIS.  

Residential Underwriting Basics Part IV: Collateral

Tuesday, Apr. 26, 2:00-3:30 p.m. ET  

This webinar will provide loan processors and those new to mortgage lending with an understanding of underwriting fundamentals with a focus on the collateral requirements. We will review documentation requirements and guide participants through different methods of analyzing collateral/appraisal requirements.  

Objectives

--Discuss key components of the Uniform Residential Appraisal Report

--Discuss responsibilities of the lender with regard to appraiser selection and management and with regard to appraisal review

--List documentation needed for an appraisal, including required forms, contracts and exhibits

--Summarize key areas of concern within each section of the Uniform Residential Appraisal Report  

To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2161716AG/REGIS.  

Who Should Attend

--Junior Loan processors --Individuals new to the Mortgage Industry  

Speaker

--April Harding Childers, Operations Training Manager, Genworth Financial  

Discounts

MBA Education offers a 15 percent discount for anyone who signs up for all four webinars. Use GROUP15 promo code.

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