RC_LP_U_200.4 Asset Review in Residential Underwriting

Member Price: $49.00

Nonmember Price: $79.00

Product Code: DL2-011107-WC-W

Purchase

This is a single-family/residential course.

In Asset Review in Residential Underwriting, we describe how to analyze an applicant's assets to ensure that there are sufficient funds to close and that the applicant meets program guidelines with respect to the minimum borrower contribution and reserve requirements.

The course begins with a look at the Details of Transaction section of the loan application and considerations during its review. It then addresses acceptable sources of liquid reserves and related requirements. Next, it describes how to calculate available funds to close. Toward the end of the course, verification requirements and guidelines are reviewed for personal funds, gifts, grants, and interested party contributions (IPCs)

Topics:

  • Details of Transaction
  • Liquid Reserves
  • Calculating Available Funds
  • Personal Funds
  • Gifts, Grants, and Contributions

    Seat time approximately one (1) hour.

    Copyright 2019.

  • Notes

    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course.

    Contact Info