RC_LP_U_200.1 Eligibility in Residential Underwriting
MBA Member Price: $49.00
Nonmember Price: $79.00Purchase
This is a single-family/residential course.
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.
Seat time approximately one (1) hour.