Mortgage - Underwriting, Lending, Loan Lifecycle and Post Closing
This all-inclusive course covers the entire mortgage lifecycle, making it ideal for professionals seeking holistic training. It starts with mortgage lending basics, including key forms, regulatory frameworks, and the loan origination process. Participants will explore loan processing, underwriting, credit analysis, and income calculations. The course also covers advanced topics like tax return analysis, FHA/VA underwriting, and appraisal reviews. Finally, learners will master the loan closing, post-closing, and servicing processes, ensuring a well-rounded skill set.
- Introduction to Mortgage Lending – Key Concepts and Overview
- Key Mortgage Forms, Regulatory Bodies, and Payment Breakdown – Understanding Compliance and Payments
- Loan Origination Process – Steps and Best Practices
- 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
- Loan Closing – Key Steps and Documentation Process
- Post-Closing – Review, Corrections, and Final Steps