In today's mortgage market, the success of your organization requires that you be grounded in the foundation of strong and thoughtful underwriting. With market changes, and new personnel entering the mortgage finance field, the need for training on the fundamentals of mortgage origination is in demand.
In this interactive 2-hour webinar we will review our requirements, guidelines and policy changes for employment and income calculations and documentation to help ensure that borrowers have the ability to repay obligations. We will closely examine all the factors related to the borrowers' capacity to repay.
This training will focus on reviewing and documenting borrower income and employment. We will take an in-depth look at income and employment types; learn to calculate various income types and ensure delivery of appropriate documentation. We will also discuss documentation deficiencies and best practices in employment and income validation.
If your role and responsibilities are in mortgage loan origination, loan closing, or quality control, you will benefit from this training.
Prerequisites:
Simultaneous access to the Internet (to receive the visual presentation) and a telephone (to receive audio)
Underwriting Income and Employment