Comprehensive Mortgage Underwriting
This course provides an in-depth exploration of the mortgage underwriting process, starting with loan processing and documentation to ensure accuracy and compliance. It delves into risk analysis, leveraging automated underwriting systems (AUS) and understanding credit and non-credit risk factors. Participants will master credit analysis, income calculations, and essential metrics like LTV, CLTV, and HCLTV. The course also includes analyzing tax returns, understanding self-employment income, and navigating the Tax Cuts and Jobs Act (TCJA). Lastly, it provides expertise in appraisal reviews and underwriting considerations for FHA and VA loans.
- Loan Processing & Documentation – Key Requirements and Documentation Process
- Mortgage Underwriting – Role of UW AUS, Credit and Non-Credit Risk Factors, Underwriter Finding Report
- Mortgage Underwriting – Credit Analysis, Eligibility Factors, Compensating Factors, and 1008 Form
- Mortgage Underwriting – Calculating Income, LTV, CLTV, HCLTV
- Mortgage Underwriting – Key Forms and Schedules in Tax Returns Analysis and Self-Employment, TCJA
- Mortgage Underwriting – Appraisal Review and FHA/VA Underwriting