RC_LP_U_200.3 Credit Review in Residential Underwriting

MBA Member Price: $49.00

Nonmember Price: $79.00

Purchase

This is a single-family/residential course.

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.

Topics:

  • Credit Report Requirements
  • Calculating Monthly Debt Payments
  • Credit Analysis
  • Derogatory and Adverse Credit
  • Nontraditional Credit

    Seat time approximately one (1) hour.

    Copyright 2020.

  • Contact Info

    education@mba.org