In today's mortgage market, the success of your organization requires that you be grounded in the foundation of strong and thoughtful underwriting. By aligning your underwriting practices with Freddie Mac's requirements, you can improve the delivery of eligible mortgages.
In this 2-day workshop, you will gain an overall understanding of Freddie Mac's guidelines and policy changes for credit, capacity, collateral, quality control and fraud.
Join us as we:
Review stable employment requirements, income calculations and documentation requirements to help ensure your Borrowers have the capacity to repay obligations
Identify acceptable sources of funds, and how to document them in accordance with the appropriate documentation requirements.
Review our requirements for appraisals, and best practices for monitoring appraisal quality
Enhance your understanding of the purpose and components of an effective quality control program
Review our new requirements for identifying and implementing fraud prevention and detection practices.
This workshop includes case studies and interactive exercises. Come and discover trends and best practices regarding underwriting, quality control and fraud.
Prerequisites:
If your roles include responsibilities in mortgage loan origination, processing, underwriting, or quality control, you will benefit from this training.
Objectives:
Increase and reinforce your expertise and knowledge of Freddie Mac's underwriting fundamentals
Deepen your understanding of our recent policy changes to improve your underwriting practices
Topics:
Underwriting with Loan Prospector's results
Analyzing borrower's credit, income & employment
Supporting acceptable sources of funds
Determining the acceptability of the appraisal report
The Power of Strong Underwriting Workshop