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Training Catalog: Course Description

Graphic Course: Recorded Web ConferencesBorrowers with Limited or No Credit Graphic
       
  Description:    
 

How do you assess a loan when the borrowers lack sufficient credit information to generate a credit score?

This 30-minute Recorded Web-Conference will help you remove this barrier and meet the needs of more borrowers. We'll introduce how Loan Prospector can now assess loans with two or more borrowers and at least one borrower has a usable credit score. Join us to learn the benefits, plus processing and underwriting requirements.

Who should attend?

  • Origination, processing and underwriting staff and mid- to senior-level managers interested in Loan Prospector enhancements and ways to expand lending opportunities.

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      Prerequisites:  
     
  • Participants need simultaneous access to the Internet (to receive the visual portion of the presentation) Minimum required speed for a dial up modem is 28.8 kbps.
  • Participants should have a basic understanding of the mortgage origination process and an awareness of related technology tools including Loan Prospector®
  • Please print the following reference materials needed during this session:

    Course Materials

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      Objectives:    
     
  • To understand key features of Loan Prospector's ability to assess loans when at least one borrower has a usable Credit score.
  • To identify potential impacts/requirements to the origination process.
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      Topics:  
     
  • What is a Usable Credit Score?
  • Using Loan Prospector to assess loans when all borrowers do not have usable credit scores
  • New Loan Prospector Feedback Messages
  • Benefits for you and your borrowers
  • Additional Resources
  • Note: Click the "Recorded Web Conference" link above to attend. Do not select the Course Availability button